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CDD

It stands for cooling degree days; a term that refers to the maximum of zero and the amount by which...

HDD Option

A weather derivative (specifically a degree day option) that gives the holder the right, without the obligation, to trade (buy...

IV

It stands for intrinsic value; a measure of the theoretical value of an asset (e.g. a security). By nature ,...

HDD Swap

It stands for heating degree days swap; a degree day swap that combines a call and put option with the...

FRCD

If stands for floating-rate certificate of deposit; a certificate of deposit (CD) that pays a floating interest rate. In other...

HDD

It stands for heating degree days, a term that refers to the maximum of zero or the amount by which...

HIC Repo

An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...

MLCD

It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...

ZBA

It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...

PECS

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...