An exchange-traded fund (ETF) that faithfully tracks the performance of a market index without leverage (gearing). In other words, if...

A financial product (derivative) that tracks the performance of an underlying asset on a one-to-one basis. In other words, if...

An option that is embedded in a derivative financial instrument whereby one party has a choice over settlement. In other...

A financial contract whose proceeds, characteristics and value depend on (and so are derived from) the proceeds, characteristics and value...

A financial instrument whose performance, characteristics and value depend on (and so are derived from) the performance, characteristics and value...

A valuation model which is used to price financial options under a number of simplistic assumptions, including specifically that the...

The leverage in which the so-called recourse borrowing is used. It is backed by collateral posted by the borrower. The...

It stands for Black-Scholes model; a valuation model which is used to price financial options under a number of simplistic...

A valuation model which is used to price financial options under a number of simplistic assumptions, including specifically that the...

An option pricing model that is used to value European futures options. This model was first developed by Fischer Black...