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Cliquet Option

In principle, a cliquet option/ ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its...

Ladder Option

In principle, a ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its minimum payoff...

Ratchet Option

In principle, a ratchet option is an option (or a warrant, index-linked note) that subjects its minimum payoff to an...

Ladder Option

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The “ladder” label refers...

Hamster Option

A variant of range option which was developed by the Swiss Banking Corporation. It could have also be given another...

Ratchet Floor

An interest rate derivative, or more specifically an interest rate floor whose strike is reset to the current interest rate...

Ratchet Cap

A nonstandard interest rate cap in which the cap rate for each caplet is equal to the sum of the...

Reset Option

A time-dependent option contract that consists of a series of consecutively-activated forward start options, each of which is struck at...

Lock-In Option

A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The option constitutes a...

Cliquet Option

A time-dependent option contract that consists of a series of consecutively-activated, at-the-money forward start options, each of which is struck...