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CTD

It stands for cheapest to deliver; a procedure which is used to find out which debt instrument (government bonds, corporate...

LIBOR

It stands for London Interbank Offered Rate. It is the rate of interest at which AA-rated banks borrowed large amounts...

CRAN

An acronym for callable range accrual note, which refers to a range note (a type of structured note) that is...

CTFF

It stands for cash-to-first futures; a short cash rate that is observed from current day to the maturity date of...

Z-Tranche

A tranche that has some similarities to a zero-coupon bond. A Z tranche (zero tranche) consists of Z bonds. By...

Z-Spread

It stands for zero-volatility spread. The basis points which are added to the yield at each point on the spot...

ZSC

It stands for zero-strike call option; a call option in which the strike price is set at zero. The underlying...

SPOT

It stands for single payment options trading. A type of currency options trading in which an investor can choose whether...

Put RKO

It stands for put reverse knock-out; a reverse knock-out option (RKO option) in which the barrier is at a level...

VaR

It stands for value-at-risk; the amount of loss that is expected, at some specific or pre-specified probability (confidence level), to...