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SONIA Futures

A cash settled short-term interest rate (STIR) futures contracts in which the underlying is the average sterling overnight index average...

Silver Futures

A futures contract that has silver as an underlying. Silver futures are standardized, exchange-traded contracts in which the buyer (contract...

Settled-To-Market Derivative

A derivative contract that entails periodic payments by the out-of-the-money counterparty (losing counterparty), usually on a daily basis. Payments correspond...

STM IRS

A settled-to-market (STM) derivative under which the payments for outstanding marked-to-market (MTM) of the swap (interest rate swap, IRS) will...

STM Interest Rate Swap

A settled-to-market (STM) derivative under which the payments for outstanding marked-to-market (MTM) of the swap (interest rate swap, IRS) will...

STM Derivative

An abbreviation for settled-to-market derivative; a derivative contract that entails periodic payments by the out-of-the-money counterparty (losing counterparty), usually on...

Structured Instrument

An instrument that is created by means of a higher-level asset securitization which involves an additional degree of complexity through...

Spraddle

An option combination, similar to a straddle, in which both the put and call legs have the same expiration date…

Stack

A position which is centered on a specific delivery or expiration date. For example, a futures position which consists of…

Setup Coupon Swap

An interest rate swap in which the notional principal increases over time according to a preset schedule. It is the…