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Banking

Dual Strike Cap

A modified version of the barrier cap. It is an interest rate cap that comes in the form of an...

Chooser Cap

An interest rate cap (particularly, a flexible cap) that gives the holder the right to choose a specific number of...

CMS Cap

A non-standard interest rate cap in which the rate used is a swap rate with a constant maturity. For example, a CMS cap could...

Accreting Cap

An interest rate cap in which the successive caplets cover increasing notional principal amounts. In other words, the notional principal...