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Forward Rate Agreement

FRA, for short, is an over-the-counter (OTC) agreement to apply a certain interest rate to either lending or borrowing a...

OTC

It stands for over the counter; a non-physical market place where a widespread assembly of dealers (market makers) and their...

Over The Counter

A non-physical market place where a widespread assembly of dealers (market makers) and their clients transact away from the premises...

Forward Contract

An over-the-counter (OTC) contract that obliges its holder to buy or sell a specific asset for a predetermined delivery price...

Napoleon Option

An OTC-traded financial instrument (option) that allows the holder to take views on the volatility of a market. In its simplest form,...

Cleared Derivative

A derivative contract that, like an OTC derivative, is negotiated bilaterally (privately) between the two parties and is booked with...

Japanese Warrant

A warrant representing American call options, that was issued outside Japan and traded over the market (OTC), denominated in many world currencies including the...