It is a forward contract in which one counterparty (the long) buys an out-of-the-money put option and sells an out-of-the-money...

A swap that entails the exchange of a single period's cash flows linked to the volatility of a specific market...

A swap that entails the exchange of a single period's cash flows linked to the volatility of a specific market...

Contracts, such as futures/ forwards, that have been purchased (long) or sold (short) while no transactions have been completed by...

The risk that a counterparty to a derivative contract may be unable or unwilling to fulfill contractual obligations with respect...

The potential loss that results from a counterparty to a derivative contract (specifically a forward contract or swap) unfulfilling its...

The empirical tendency of higher interest rate currencies' return to outperform the return of lower rate currencies. This can be...

An alternative term for a range forward contract. By definition, it is a variation on a regular forward contract which...

A financial contract whose proceeds, characteristics and value depend on (and so are derived from) the proceeds, characteristics and value...

A financial instrument whose performance, characteristics and value depend on (and so are derived from) the performance, characteristics and value...