A roll-down in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points upfront...

A measure of basis points as absolute spread or return. For example, if the expected carry for a swap (carry...

A swap whose notional principal amount (NPA) doesn't vary over its tenor. Each cashflow is calculated using a constant notional...

The nominal value that is used to calculate swap payments. For example, in an interest rate swap, each period's interest rates are...

An interest rate swap whose notional principal amount (NPA) declines over its life according to a specific amortization schedule. The...

It stands for notional principal amount; the nominal value that is used to calculate swap payments. For example, in an...

The nominal value that is used to calculate swap payments. For example, in an interest rate swap, each period's interest...

The change in the value of credit default swap (CDS) in reaction to a one basis point increase in the underlying spread, or underlying...