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FX Target Redemption Note

A long-dated FX product which allows counterparties to link to floating-rate benchmarks in the funding currency. This target redemption note (TARN), as the...

Foreign Exchange Target Redemption Note

A long-dated FX product which allows counterparties to link to floating-rate benchmarks in the funding currency. This target redemption note (TARN), as the...

FX-TARN

An abbreviation for foreign exchange target redemption note (also termed: FX target accrual redemption note); a long-dated FX product which allows counterparties to link to...

Tunnel Option

An option-based strategy that is mostly used in currency (and interest rate) markets and involves the purchase of a foreign exchange...

Forward Surprise

The difference between the foreign exchange (FX) spot rate on the forward date and the FX forward rate. It can be calculated using...

Currency Surprise

The difference between the foreign exchange (FX) spot rate on the forward date and the FX forward rate. It can be calculated using...

Chooser Power Reverse Dual Currency Note

A power reverse dual currency note (PRDC note) which grants the issuer the right to choose which of the note's...

App Coins

A tokenized form of a utility such as computation power, cloud space, file sharing, etc. The underlying service is a...

Alternate Price Projection

An analysis tool that is used to compare the price (rate) range of swings in the same direction. It allows...

Zigzag

A special case of a measured move up (MMU). Typically, measured moves point the direction and extent of future rate...