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Quanto Cap

An interest rate cap that is paid in a currency different from the one denominating the reference rate. This structure…

Forward Extra

A structured forward contract which gives the holder the right, without the obligation, to buy or sell forward at maturity...

Securitized Product

A financial product that is created by pooling together a number of financial assets in order to come up with...

CDS Price

The price of protection that is extended by a protection seller to a protection buyer in a credit default swap...

Quanto Derivative

A financial derivative that converts underlying asset prices into units of the payoff currency (a currency in which the derivative's...

Forward Floor

An interest rate floor that has a forward start date. In other words, the floor comes into effect at some…

Forward Outright Rate

In forex markets, it refers to the actual forward rate which is used in an outright forward contract. It is…

Forward FX Swap

A forward swap in which a near-date foreign exchange transaction is settled not on a spot basis two days hence…

Perpetual Future

Another term for WAVE XXL; a type of flow derivative that allows investors and traders to take "leveraged" views on...

WAVE XXL Put

A WAVE XXL that allows investors and traders to take direction on (and profit from) a decease in the underlying...