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Leveraged Synthetic Spot Position

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

WAVE XXL Call

A WAVE XXL that allows investors and traders to take "leveraged" views on upward market direction in an underlying asset...

WAVE XXL

A type of flow derivative that allows investors and traders to take "leveraged" views on market direction in an underlying...

ETO

It stands for exchange-traded option; an option (exchange-traded derivative) that trades on organized and regulated exchanges, as opposed to options…

EFP

It stands for exchange of futures for physicals. By definition, it is a transaction that involves simultaneously taking a cash…

Exchangeable Zero-Coupon Swap

A zero-coupon swap in which the fixed rate receiver sells a third party (a dealer) an embedded option to convert…

Escrow Receipt

A certificate which is issued by a bank to confirm that a customer, who has written a call option, actually…

Eurodollar Futures Strip

A position in successive Eurodollar (ED) futures contracts. For example, a Eurodollar futures strip may be constructed by taking a…

Exchange for Swap

A technique whereby banks can avoid taking physical delivery of commodities. It is similar to an exchange of futures for…

Electricity Futures

A futures contract whereby one counterparty is under obligation to buy from, or sell to, another counterparty a standardized amount…