138:
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90:
The term "exotic derivative" has no precisely defined meaning, being a colloquialism that reflects how common a particular derivative is in the marketplace. As such, certain derivative instruments have been considered exotic when conceived of and sold, but lost this status when they were traded with
778:
353:
107:
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126:. This latter approach may then be preferred, and also allows for a benchmark against which the more specialized models may be verified.
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which is more complex than commonly traded "vanilla" products. This complexity usually relates to determination of payoff; see
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techniques. Often, it is possible, to "manufacture" the exotic derivative out of standard derivatives. For example, a
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83:. The category may also include derivatives with a non-standard subject matter - i.e.,
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significant enough volume. Examples of this phenomenon include
16:
Derivative which is more complex than commonly traded products
87:- developed for a particular client or a particular market.
106:, given their complexity, exotic derivatives are usually
269:
Understanding derivative contracts: types of derivatives
216:
Understanding derivative contracts: types of derivatives
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122:can be "manufactured" out of standard options; see
326:A Day in the Life of an Exotic Derivatives Trader
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8:
1266:This money or currency-related article is a
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278:Exotic Derivatives and Structured Products
18:
1179:Power reverse dual-currency note (PRDC)
1119:Constant proportion portfolio insurance
178:
7:
1256:
1254:
1114:Collateralized debt obligation (CDO)
1270:. You can help Knowledge (XXG) by
317:Guide to Exotic Credit Derivatives
14:
1258:
1233:
307:Exotic Equity Derivatives Manual
136:
124:Barrier option § Valuation
941:Year-on-year inflation-indexed
1:
951:Zero-coupon inflation-indexed
1154:Foreign exchange derivative
546:Callable bull/bear contract
43:Exotic interest rate option
20:Types of exotic derivative
1338:
1253:
1228:
1055:Stock market index future
369:
221:January 15, 2012, at the
1174:Mortgage-backed security
1169:Interest rate derivative
1144:Equity-linked note (ELN)
1129:Credit-linked note (CLN)
273:HM Revenue & Customs
1124:Contract for difference
425:Risk-free interest rate
906:Forward Rate Agreement
187:"GARP - Risk Glossary"
1317:Derivatives (finance)
1134:Credit default option
478:Employee stock option
282:University of Chicago
157:Financial engineering
1088:Inflation derivative
1073:Commodity derivative
1045:Single-stock futures
1035:Normal backwardation
1025:Interest rate future
866:Conditional variance
372:Derivative (finance)
311:Salomon Smith Barney
162:Financial innovation
58:Property derivatives
38:Inflation derivative
1240:Business portal
1093:Property derivative
280:, SĂ©bastien Bossu,
21:
1098:Weather derivative
1083:Freight derivative
1065:Exotic derivatives
985:Commodities future
672:Intermarket spread
435:Synthetic position
363:Derivatives market
292:2012-12-26 at the
287:Exotic Derivatives
167:Structured product
110:using specialized
53:Weather derivative
33:Freight derivative
19:
1279:
1278:
1248:
1247:
1149:Equity derivative
1139:Credit derivative
1107:Other derivatives
1078:Energy derivative
1040:Perpetual futures
921:Overnight indexed
871:Constant maturity
832:
831:
779:Finite difference
712:Protective option
69:exotic derivative
65:
64:
28:Energy derivative
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1010:Forwards pricing
784:Garman–Kohlhagen
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240:. Archived from
239:
235:"Emanuel Derman"
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197:on 14 April 2013
193:. Archived from
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48:Macro derivative
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1210:Great Recession
1205:Government debt
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1159:Fund derivative
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1020:Futures pricing
995:Dividend future
990:Currency future
973:
955:
828:
804:Put–call parity
740:
727:Vertical spread
662:Diagonal spread
632:Calendar spread
603:
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321:Lehman Brothers
294:Wayback Machine
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223:Wayback Machine
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881:Credit default
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677:Iron butterfly
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647:Covered option
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585:Mountain range
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328:, quantnet.com
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302:Baruch College
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263:External links
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97:currency-swaps
93:interest rate-
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1164:Fund of funds
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1005:Forward price
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916:Interest rate
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809:MC Simulation
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769:Black–Scholes
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722:Risk reversal
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652:Credit spread
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576:Interest rate
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571:Forward start
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498:Option styles
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415:Open interest
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395:Delta neutral
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247:on 2012-03-12
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152:Exotic option
150:
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127:
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121:
120:knockout call
117:
116:lattice-based
113:
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26:
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23:
1272:expanding it
1265:
1250:
1064:
1015:Forward rate
926:Total return
814:Real options
717:Ratio spread
697:Naked option
657:Debit spread
488:Fixed income
430:Strike price
298:Jim Gatheral
249:. Retrieved
242:the original
229:
211:
199:. Retrieved
195:the original
191:www.garp.org
190:
181:
144:Money portal
101:
89:
81:option style
68:
66:
1322:Money stubs
946:Zero Coupon
876:Correlation
824:Vanna–Volga
682:Iron condor
468:Bond option
112:simulation-
102:As regards
1311:Categories
1220:Tax policy
936:Volatility
846:Amortising
687:Jelly roll
622:Box spread
617:Backspread
609:Strategies
445:Volatility
440:the Greeks
405:Expiration
251:2012-03-15
201:27 January
173:References
85:underlying
77:derivative
911:Inflation
861:Commodity
819:Trinomial
754:Bachelier
746:Valuation
627:Butterfly
561:Commodore
410:Moneyness
104:valuation
1050:Slippage
980:Contango
964:Forwards
931:Variance
891:Dividend
886:Currency
799:Margrabe
794:Lattices
773:equation
759:Binomial
707:Strangle
702:Straddle
599:Swaption
581:Lookback
566:Compound
508:Warrants
483:European
463:American
455:Vanillas
420:Pin risk
400:Exercise
296:, Prof.
290:Archived
219:Archived
130:See also
108:modelled
969:Futures
589:Rainbow
556:Cliquet
551:Chooser
531:Barrier
518:Exotics
380:Options
75:, is a
73:finance
1030:Margin
896:Equity
789:Heston
692:Ladder
642:Condor
637:Collar
594:Spread
541:Binary
536:Basket
313:(1998)
901:Forex
856:Basis
851:Asset
838:Swaps
764:Black
667:Fence
526:Asian
388:Terms
245:(PDF)
238:(PDF)
71:, in
1268:stub
735:Bull
731:Bear
473:Call
203:2022
95:and
503:Put
114:or
67:An
1313::
733:,
493:FX
319:,
309:,
300:,
271:,
189:.
99:.
1299:e
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1285:v
1274:.
775:)
771:(
737:)
729:(
355:e
348:t
341:v
254:.
205:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.