An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement…

A zero coupon swap (ZC swap) in which payments are reversed. That is the zero coupon payment is made at…

An abbreviation for short-term interest rate contract. STIR contracts may take the form STIR futures, STIR option, STIR swap, etc.…

A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…

It is an acronym for credit option on Brady bonds. By definition, it is an option whose underlying is the...

It stands for recovery lock CDS; a credit default swap (CDS) entails the exchange of a floating recovery amount for…

A short sale against the box (SATB) of a stock  is a trade in which the seller actually owns the…

An abbreviation for inflation-indexed cap; an inflation derivative that pays out if inflation (as measured by percentage increase in the…

It stands for immediate historical volatility; the volatility value which is realized during the period immediately preceding the date of…

It stands for conditional trigger swap; a trigger swap (a hybrid derivative/ hybrid product) that capitalizes on a combined performance...