Derivatives
Binary Accrual Swap
July 18, 2021
Derivatives
Partial Lookback Option
July 18, 2021

An accrual swap in which any downward or upward slide of an underlying out of the boundaries of a specified range terminates all further potential for accrual. Otherwise, accrual is maintained until expiration date of the swap. One-touch swap combines both an accrual swap and a binary option on the underlying asset.

This swap is also known as a binary accrual swap.

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