Another name for a vertical spread which is an options strategy constructed by buying and selling the same numbers of...

The rate which renders a swap value equal to zero. That is, the value of the fixed rate which gives...

An equity-linked note (ELN) that allows the investor a full participation on the upside, while its protection on the downside...

A reverse knockout option (RKO option) in which the barrier is at a level below the spot underlying price. This...

A reverse knock-out option (RKO option) in which the barrier is at a level below the spot underlying price. This...

An exotic cross-currency swap whose maturity is typically long-dated, up to 30 years, while its coupons are options on the...

It stands for power reverse dual currency swap, which is an exotic cross-currency swap whose maturity is typically long-dated, up...

A cancellable swap in which the fixed-rate receiver/ floating-rate payer has the right, but not the obligation, to terminate the...

An old-dated term for an option; by definition, a privilege/ option is a derivative contract granting its owner the right, but...

A bond which gives the holder the right to sell it back to the issuer at specified times for a...