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Cliquet Option

In principle, a cliquet option/ ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its...

Ladder Option

In principle, a ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its minimum payoff...

Ratchet Option

In principle, a ratchet option is an option (or a warrant, index-linked note) that subjects its minimum payoff to an...