It stands for second near the money; Options whose market price is very near to the strike price (exercise price)-...

Options whose market price is very near to the strike price (exercise price)- very much "near in the money", so...

A volatility measure which is premised on "time-varying" volatility and factors' co-dependency. In other words, the underlying volatility and mutual...

A basket default swap whereby a payout by the protection seller is triggered only following a second default from among...

An option replication which is used to hedge a given portfolio involving the set up of another portfolio of approximately...

A type of credit default swap (CDS) where there is only one reference entity. The reference entity is usually a...

Abbreviation for swap transferring risk with participating element; a hedging tool that combines an interest rate swap with a participating...

The basis points which are added to the yield at each point on the spot treasury rate curve marking the...

A method of hedging an option position with a position in vanilla options without altering or adjusting components for the...

The percentage difference between a barrier option's strike and a set trigger (knock-in or knock-out barrier). This tool is used...