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Musharakah Term Finance Certificate

A type of sukuk whose underlying contract is musharakah, and as such have a relatively stable rate as compared to…

Xccy Swap

A currency swap in which one side is a fixed rate currency and the other a floating rate payment (such…

Risk-Free Rate

The rate of interest which can be earned without bearing any risks. The rates on Treasury bills and Treasury bonds…

SOFR Index

A type of SOFR (secured overnight financing rate) that calculate the compounded average of SOFR over a specific (usually customized)...

SOFR Averages

A type of SOFR (secured overnight financing rate) that represents an average of the daily overnight SOFR rate over 30-,...

General Cap

An interest rate cap in which there is, contrary to a regular cap (vanilla cap), no direct dependency between the…

Eurodollar Futures Strip

A position in successive Eurodollar (ED) futures contracts. For example, a Eurodollar futures strip may be constructed by taking a…

Eurostrip

A position in successive Eurodollar (ED) futures contracts. For example, a Eurostrip may be constructed by taking a long position…

Discrete Barrier Cap

A discrete barrier option which places a barrier cap on its underlying movements. A discrete barrier cap is similar to…

Balance Guarantee Swap

A structured swap in which the swap counterparty agrees to adjust the notional principal amount in a fashion that matches…