An agreement to exchange the realized variance rate between the time of entering into the agreement and expiration date, based...

A structured option that allows the holder to receive an improved exchange rate compared to the equivalent forward exchange rate...

A currency option- usually on a foreign currency or a currency basket or index- that is made or written at...

A FOREX transaction that is individually negotiated between two counterparties to trade a particular currency at an agreed-upon price and...

A credit derivative which constitutes a forward contract on a credit spread. More specifically, it is a single period OTC...

An option to exercise on a bundle of long forwards (forwards owned or purchased). The forwards have a maturity date...

A forward or futures contract whose underlying is implied volatility. The parties to the contract trade implied volatility: buyers are...

A derivative instrument which is used for hedging the exchange rate risk associated with non-convertible currencies. By definition, a non-deliverable...

It stands for non-deliverable forward; a derivative instrument which is used for hedging the exchange rate risk associated with non-convertible...

A variation on a regular forward contract which is used primarily to hedge or mitigate foreign exchange risk. This contract...