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CoC

A call option on a call option. It gives the holder the right, without the obligation, to purchase a call...

ASRO

It stands for average strike rate option; an option in which settlement or payment on exercise depends on the difference...

OTM

It stands for out of the money; for a derivative, it refers to a situation where it does not make...

ITM

It stands for in the money; a condition wherein the exercise price of an option is equal (or almost equal)...

CMS RAN

A range accrual note (RAN) that is a structured in such a way that the coupon is linked to the...

OIS

It stands for overnight index swap; a fixed-to-floating interest rate swap where the floating leg is determined by reference to...

LOGO

It stands for low outlay geared option. A low premium option (specifically a put) which allows the holder to participate...

MSRO

It stands for multiperiod strike reset option; an option in which the strike price is periodically reset with multiple payouts....

QES

It stands for quanto equity swap; a swap that pays the return on a foreign equity investment (like a share...

PIRA

An acronym for participating interest rate agreement; an interest rate collar that allows an investor or borrower to mitigate or...