The future levels of volatility calculated taking into account current market prices of options. It builds on spot implied volatility...

A cancellable swap in which the fixed-rate receiver/ floating-rate payer has the right, but not the obligation, to terminate the...

A kind of path-dependent option whose payoff is equal to the difference between the average underlying price during the time...

A European option contract which gives the holder the right, but not the obligation, to sell an underlying asset at...

A European option contract which gives the holder the right, but not the obligation, to buy an underlying asset at...

It stands for intrinsic value; generally, it is the effective monetary advantage which would be obtained when an option is...

Generally, it is the effective monetary advantage which would be obtained when an option is immediately exercised. In call options,...

An option that can be exercised at any time before, and including, expiration date. This type of options provides investors...

A forward contract which is enhanced with an embedded floor to protect the holder from substantially adverse price movements in...

The amount by which the total interest cost associated with a bond issue is lower than the total interest payment....