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Gilt Futures

A futures contract that has a gilt as underlying. Gilt, by definition, is a fixed-rate debt security issued by the...

SONIA Futures

A cash settled short-term interest rate (STIR) futures contracts in which the underlying is the average sterling overnight index average...

American Window

An exercise interval for an American-style option that opens at the end of the option's life (time to maturity), allowing...

PDF

A statistical expression or function that determines the probabilities of occurrence of different possible outcomes for a continuous random variable,...

Probability Density Function

A statistical expression or function that determines the probabilities of occurrence of different possible outcomes for a continuous random variable,...

FFS

It stands for fully funded swap; a swap in which the investor "fully" pays an upfront amount (funding) in return...

Fully Funded Swap

A swap in which the investor "fully" pays an upfront amount (funding) in return for the total return of a...

Unfunded Swap

A swap in which the investor (the long) pays an upfront amount (funding) in return for the total return of...

Funded Swap

A swap in which the investor pays an upfront amount (funding) in return for the total return of a reference...

Multiple Barrier No Touch Option

A multi-barrier option that comes with a no touch feature. It is a barrier option that has two barriers (and...