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ARO

It stands for average rate option; an option in which the exercise price is equal to the average of the...

Quanto Asian Option

An option that results from the combination of an Asian option with a quanto option. The payoff, which is quoted...

Geometric ARO

It stands for geometric average rate option; an Asian option whose payoff depends on the geometric average price of its...

Geometric Average Rate Option

An Asian option whose payoff depends on the geometric average price of its underlying asset. For example, the payoff of...

Average Price Option

An option in which the exercise price is equal to the average of the underlying asset’s price during the life...

Average Rate Option

An option in which the exercise price is equal to the average of the asset’s price over the life of...

American Asian Option

An option that combines an Asian option with an American option. Effectively, the combination produces an Asian option which allows...

Forward-Starting Asian Option

A combination of an Asian option with a forward start option. This option becomes active at a future date from...

Floating-Strike Asian Option

An option (Asian option) whose payoff depends on the average price of the underlying asset during the life of the...

Asian Cap

An interest rate cap (i.e., a contract on a maximum interest rate) whereby the seller pays the buyer, at periodic...