A barrier floor whereby protection exists or activates only if the floating interest rate crosses the barrier (the pre-defined knock-in…

A barrier cap whereby protection ceases to exist or deactivates only if the floating interest rate crosses the barrier on…

An option on a cap. In other words, an interest rate caption is an option to buy or sell an…

A swap agreement made between a municipality (a city or town local council) and a financial intermediary, in which the…

A practice by which a swap market maker runs a book of unmatched swaps and manages the entire set of…

An option that expires before its stated expiration date if the underlying has made significant leaps prior to an early…

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

Alternative term for an out of the money option. Always from buyer’s perspective, it is an option whose underlying’s market…

A forward contract which allows the holder to lock in today an exchange rate at a future date. With this…

An interest rate swap in which one leg is a fixed rate referenced to the UDI index (or the Unidades…