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Forward-Based Spreadlock

A spreadlock (a type of credit derivative) that is based on a forward contract. It allows the holder to lock...

Forward-Starting BDS

A forward contract which obliges the holder to buy or sell a basket default swap (BDS) at a specified time…

Electricity Swap

A financial contract (specifically an electricity derivative) which allows the holder to pay a fixed price for underlying electricity irrespective…

Breakforward Contract

A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…

Buy Out of a Swap in Termination

Previously known as bookout, it refers to the closing out of a swap transaction, whereby the net debtor’s pays the…

Financial Security

A fungible, negotiable instrument that represents a financial value, and is categorized into equity securities, debt securities, and derivative contracts.…

Break Forward Contract

A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…

Boosted Forward

A forward contract which allows the holder, virtually for no premium, to have a better forward rate than the pre-agreed…

Asset Class

A category of assets such as cash equivalents (cash assets), stocks, bonds, and notes, (financial assets), funds (alternative assets), real…

Forward Vol Agreement

An agreement that a seller and a buyer enter into in order to exchange a straddle option at a specific expiration…