An acronym for traffic-light option, which is an OTC option that belongs to the class of correlation derivatives, and which…

In relation to synthetic CDOs (collateralized debt obligations) where credit exposure is gained through credit default swaps (CDSs), it is...

It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...

It stands for noon average rate contract, which is by definition an average rate option (ARO) or average rate forward...

It stands for loan loss reserve; a type of credit enhancement whereby a reserve (specifically, a cash reserve) is created...

An abbreviation for deferred-interest bond; a special type of deferred-coupon bond in which coupon interest is deferred for a specified…

A common method of payment that is used in international transactions to facilitate trade by extending credit to banks’ clients.…

The capital of a bank or financial institution that consists of paid-in capital, capital reserve, surplus reverse, general reserve, undistributed...

It stands for geometric Brownian motion; a process that reflects the time-evolution of an asset price. It is a stochastic...

It stands for currency-protected swap. A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest…