Previously known as bookout, it refers to the closing out of a swap transaction, whereby the net debtor’s pays the…
An abbreviation for short-term interest rate contract. STIR contracts may take the form STIR futures, STIR option, STIR swap, etc.…
A derivative instrument which is traded and privately negotiated in over-the-counter (OTC) markets, i.e. directly between the two parties involved,...
An option that trades over the counter rather than on a formal exchange. As such, the trading parties involves directly,...
An abbreviation for debt valuation adjustment (debit value adjustment). A type of cross valuation adjustment/ x-value adjustment (XVA) that takes...
It is a type of cross valuation adjustment/ x-value adjustment (XVA) that takes out the effects of changes in the...
It is a type of cross valuation adjustment/ x-value adjustment (XVA) that takes out the effects of changes in the...
An option on a swap futures. This option replicates the European-style convention of an OTC option with exercise taking place...
A trade that deactivates (typically with zero-recovery) if either party defaults regardless of which is in the money. It also...
A trade that deactivates (typically with zero-recovery) if either party defaults regardless of which is in the money. It also...
