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CDS Forward

A forward contract whose underlying is a credit default swap (CDS). It is a contract to take a buyer’s position...

Flexi Cap

An interest rate cap in which the total number of exercisable caplets is limited. That is, it is similar to...

Forward Cover

An option or forward contract that involves the sale or purchase of a currency or commodity at a given price...

Option Fence

A range forward contract, i.e., a variation on a regular forward contract which is used primarily to hedge or mitigate...

Option-Dated Forward Contract

A forward exchange contract which gives the buyer the right to choose when to exchange currencies between two preset dates....

Islamic Forward Contract

A shari'ah-compliant equivalent (salam/ ba'i al-salam/ bay' al-salam) to conventional forward contract. It constitutes a sale (ba'i/ bay') whereby a...

Bond Forward Contract

A forward contract in which the seller (the short) agrees to deliver a specific bond to the buyer (the long)...

Flexible Forward

A range forward contract, i.e., a variation on a regular forward contract which is used primarily to hedge or mitigate...

Recovery Forward Contract

A double barrier knock-out option that is combined with a currency forward having an rebate feature. More specifically, the buyer...

Quanto Forward

A forward contract which allows the holder to receive an unidentified amount of the underlying, depending on a price denominated...