A swap agreement where payment is made upfront for specific quantities of an asset or commodity that would be delivered at multiple specified times...

A commodity swap which has a commodity index as underlying. In this swap, cash flows are intended to replicate the commodity index. The...

Another term for modified duration; a tool that is used to measure the change in the value of a financial...

The termination of a swap or other OTC derivative prior to its maturity date. The cancelling counterparty pays the other counterparty a lump sum amount...

An equity swap where one party periodically pays a fixed amount and receives an amount based on the performance of a basket...

The change in the dollar value of one basis point of a swap (swap DV01) in response to one basis point parallel shift in...

A covariance forward contract of two underlying prices/rates. This swap pays the excess of the realized covariance between two assets (such as currencies) over a constant...

A vanilla swap which has a zero net present value (NPV). That is, it involves no initial exchange of notional principal. More specifically, the present...

An asset swap package where an investor pays par (100%) to an asset swap seller for a particular fixed-coupon bond issued by...

An asset swap in which one counterparty delivers a risky asset (bond, floater, etc) to the other in return for par value. In other words, one...