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Margrabe Option

A futures contract which entails the exchange of one asset for another (such as cross currency options). Essentially, this option...

Multi-Index Option

An outperformance option in which the payoff is based on the difference between the performances of more than one index....

Dual Option

An option (not to be confused with exchange-traded options which has a different meaning) which gives the holder the right...

Dispersion Options

A breed of options which commonly have dispersion-related payoffs. Particularly, the actual payoff of such options depends at maturity on...

Outperformance Option

An option (specifically a dispersion option) which gives the holder the right to exchange one asset for another. It is...