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Cross-Currency Cap

A cash-settled option that sets a maximum limit (cap/ interest rate cap) on the spread between two benchmark interest rates...

High-Low Option

A cash-settled call option that combines two lookback options and where it pays the difference between the high and low...

Double Average Option

A cash-settled option (a path-dependent option), principally used in forex markets, which combines the features of an average price option...

Cross Currency Option

A cash-settled option that entails the exchange of one currency into another with the premium usually paid in a third...

Automatic Exercise

A clause in an option contract providing that the contract will be exercised automatically by the clearing firm at expiration...

Cash-Settled Option

An option that is settled for cash, instead of its underlying being actually delivered following exercise of the option. The...

Zero Exercise Price Option

A cash-settled European call option whose exercise price is zero or very close to zero. Since its being exercised is almost certain,...

Zero-Strike Price Option

A cash-settled European call option whose strike price is zero or very close to zero. Since its being exercised is almost certain, this option replicates...