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DTL

It stands for deferred tax liability; the sums of income taxes that an entity expects to pay in future periods...

DTA

It stands for deferred tax asset; the sums of income tax that an entity can recover in the future. These...

Quanto CDS

A credit default swap (CDS) in which the swap premium payments, and/or the cashflows in the case of default, are not in the same currency,...

XPO

An American-style, non-standard option that has a perpetual life. In other words, it neither expires nor has an exercise limit. Since it...

TIF

It stands for time in force; an order that is time-bound: it comes with an instruction that limits the time...

Foreign Currency CD

A certificate of deposit (CD) that is issued or denominated in a foreign currency or a basket of foreign currencies (a currency/...

LIBOR

It is an acronym for London Interbank Offered Rate. It is an interbank rate which is used as a benchmark or...

LIBOR01

An interest rate risk measure that captures sensitivity to changes in the interest rate yield curve (e.g. the LIBOR curve). It...

IR01

An interest rate risk measure that captures sensitivity to changes in the interest rate yield curve (e.g. the LIBOR curve). It...

CLD

It stands for credit-linked deposit; a credit-linked hybrid that combines a deposit with a credit default swap that the investor (depositor) sells to the deposit...