A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

The risk that arises from the “unfavorable” change in bond values (or values of credit derivatives such as credit default swaps) in response to changes...

An option contract that gives the holder (the buyer) the right, without the obligation, to buy a certain amount of an underlying...

An option contract that gives the holder (the buyer) the right, without the obligation, to buy a certain amount of an underlying...

A derivative contract granting its owner the right, but not the obligation to buy (for a call option) or sell (for a put option)...

In relation to credit default swaps (CDS), it is the credit exposure of the swap at a given point in time. It...

In relation to credit default swaps (CDS), it is the credit exposure of the swap at a given point in time. It...

An option which pays a fixed payout based on the movement of the underlying reference rate within certain pre-defined barriers....

A type of barrier option for which the barrier strike is only active for a specific period during the option’s...

A clause in a law, contract, agreement, etc, that limits or reverses a payment or profit distribution for particular reasons....