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Puttable Instrument

A financial instrument that confers on the holder the right, without an obligation, to return (put back) the instrument to...

Embedded Sukuk

A sukuk structure which includes an embedded option (khiyar) to convert into other asset classes, subject to a set of...

Option-Adjusted Convexity

A measure of a bond's convexity which takes into account the convexity of options embedded within the bond. It captures...

Option-Adjusted DV01

With respect to bonds, it is the bond dollar value of one basis point (0.01%) adjusted with an embedded option...

OADV01

It stands for option-adjusted DV01. With respect to bonds, it is the bond dollar value of one basis point (0.01%)...

Coupon Indexed Floater

A floating-rate note (floater) in which the periodic coupon depends on the performance of some embedded option with an underlying...

Exchangeable Sukuk

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Convertible Sukuk

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Effective Convexity

A measure of a bond's convexity which takes into account the convexity of options embedded within the bond. It captures the curvature of the price/yield...

Embedded Derivative

A derivative that is added to a financial asset or financial liability or generally to a non-derivative contract (also known...