An optional provision in a credit default swap agreement which allows a grace period to a potential credit event in order…
A common option cycle which constitutes a series of option contracts that have the same terms and features and expire…
A spreadlock (a type of credit derivative) that is based on a forward contract. It allows the holder to lock...
The trader who takes a short position in futures, i.e., he/she will sell the underlying commodity of a futures contract,…
The trader who takes a long position in futures, i.e., he/she will buy the underlying commodity of a futures contract,…
An option that gives its holder the right, without the obligation, to enter into a forward swap at a given maturity/expiration…
A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…
Flexible options, or FLEX options, that are offered on equities and equity indices with nonstandard terms. Such nonstandard terms usually…
It stands for “forward implied volatility“. The future levels of volatility calculated taking into account current market prices of options.…
An option contract that has an earlier expiration date than a contract that is presently being devised or considered. For…
