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Zero Recovery Xccy Swap

A zero-recovery swap in which one counterparty receives a weaker currency and pays a stronger currency while the other counterparty…

Zero Premium Collar

A zero-premium option (zero-cost option) that is used to protect a position taken in a transaction by buying a put...

Zebra Basis Risk Swap

A swap agreement made between a municipality (a city or town local council) and a financial intermediary, in which the…

Zero Recovery Credit Default Swap

A credit default swap (CDS) that automatically terminates with one counterparty of which having to make no further payments if...

Zero Coupon LPI Swap

A highly path-dependent inflation swap (LPI swap) that has an inflation leg vis-à-vis an interest payment. It involves one payment...

Zero-Cost Cap

An interest rate cap which requires no up front premium. This type of caps is instrumental in an environment of...

Zero-Coupon-For-Fixed Swap

A variant of the fixed-for-floating interest rate swap in which the floating rate payer doesn’t pay the periodically observed reference...

ZEPO

A zero exercise price option which is a cash-settled European call option whose exercise price is zero or very close...

Zero-Cost Collar (Floating-Rate Instrument)

A zero-cost collar that is constructed by combining a call option and a put option to the effect that protection...

Zero-Coupon-For-Floating Swap

A variant of the fixed-for-floating interest rate swap in which the floating-rate payer makes periodic interest payments, whilst the fixed-rate...