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FVTOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

FVOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

Municipal IRS

An interest rate swap in which one party pays a fixed interest rate and receives floating-rate interest payments based on the...

BMA Swap

A Bond Market Association (BMA) swap is an interest rate swap in which one party pays a fixed interest rate and receives...

FX-TARN

An abbreviation for foreign exchange target redemption note (also termed: FX target accrual redemption note); a long-dated FX product which allows counterparties to link to...

IRR

It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...

ALP

It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...

RKO Option

It stands for reverse knock-out option; a knock-out option in which the barrier is triggered when the option gets in the money (ITM). The barrier level knocking...

ZCS

It stands for zero-coupon swap; an inflation-indexed swap whereby a single fixed payment is due at the unique (final) payment date...

IO Swap

It stands for interest-only swap; a form of cross currency swap that entails no exchange of principal in two different...