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T/N

It stands for tom next or tomorrow next; a specialized forward transaction (a type of forward swap) in the foreign...

Tom Next

A specialized forward transaction (a type of forward swap) in the foreign exchange markets which is used to postpone or roll...

MAQ Order

An abbreviated form for minimum acceptable quantity order; a designation on an order that means at least a minimum amount of securities as compared to...

ColVA

It stands for collateral value adjustment/ collateral valuation adjustment; the pricing adjustment made for a collateralized derivative. It represents the cost of...

Zero-Coupon CD

A certificate of deposit (CD) that can be purchased at a deep discount to its par value. At maturity, its holder can...

Market-Linked Guaranteed Investment Certificate

It stands for market-linked guaranteed investment certificate; it is a guaranteed investment certificate (GIC) in which returns are linked to...

Market-Linked GIC

It stands for market-linked guaranteed investment certificate; it is a guaranteed investment certificate (GIC) in which returns are linked to...

ATM Straddle

A straddle whose strike is equal to (or closest to) the price of its underlying asset. It is a combination of a call option and a option...

NPPN

It stands for non-principal protected note; a structured note (SN) in which full principal is not protected (guaranteed) at maturity,...

Add-on CD

A certificate of deposit (CD) that allows its holder, and contrary to most types of CDs, to deposit more money into the...