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CMBS

It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…

Convertible Bond

A bond that is issued by a firm that allows it to be converted into equity at certain times using...

Close-To-The-Money Option

An option contract in which the underlying’s market price is very near to the strike price. For example, a call…

CBO

It stands for convertible bond option; an option that gives the holder of a convertible bond for shares of common…

Call Turbo Certificate

A turbo certificate that aims to bet on price increases. The participation in the upward movement of the underlying will…

Convertible Option Contract

A currency option which is combined with a trigger price feature whereby it is converted into a forward forex contract…

Put Turbo Certificate

A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…

IIF

An abbreviation for inflation-indexed floor; an inflation derivative that pays out if inflation (as measured by percentage increase in the…

IIC

An abbreviation for inflation-indexed cap; an inflation derivative that pays out if inflation (as measured by percentage increase in the…

Non-Deferred Floored Put

A floored put whose payoff is received instantaneously by the option holder. The payoff is a cash amount equal to…