A payoff (of a specific derivative instrument) whose value changes continuously and proportionally up or down in response to movements...

An option combination that entails the simultaneous sale of a call option and put option on the same underlying, but...

A short position in a forward contract whereby an investor agrees to sell the underlying asset on a specified future date for a preset...

Another name for barrier option. By definition, it is an exotic option whose payoff depends on whether the underlying asset...

A structured swap which consists of a funding leg and a coupon payment stream, whereby the coupon payment made on a given date is...

The basis point value (BPV) of a swap is the amount by which the swap's value changes in response to a change of one basis...

The fixed-rate of interest on the fixed-rate leg of an interest rate swap or a currency swap (or any similar structures). More specifically, swap...

A financial instrument that combines at least one derivative contract with underlying assets such as stocks and fixed-income securities. It is a hybrid instrument that...

The position of the fixed-rate receiver (who is also the floating-rate payer) on an interest rate swap. In a plain vanilla swap, the short side trades a...

The change in the dollar value of one basis point of a swap (swap DV01) in response to one basis point parallel shift in...