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Standard Cliquet

A cliquet (cliquet product) that has only the basic features without any additional (exotic) elements (as opposed to exotic cliquets)....

Plain Vanilla Cliquet

A cliquet (cliquet product) that has only the basic features without any additional (exotic) elements (as opposed to exotic cliquets)....

Plain Vanilla Option

A standard option with no special or add-on features. Generally, plain vanilla products have standard and well-defined properties and trade actively....

2nd Generation Option

A breed of options that bear non-standard features/ elements, as opposed to vanilla options (plain vanilla options). These features/ elements...

Second Generation Option

A breed of options that bear non-standard features/ elements, as opposed to vanilla options (plain vanilla options). These features/ elements...