Vanilla, in vanilla IRSs and vanilla swaptions, is often taken to mean the basic, most liquid and commonly traded variants of those products. Exotic dual binary interest rate option example usually used to define a feature that is an extension to a IRD type. For example an in-arrears IRS is a genuine example of an exotic IRS, whereas an IRS whose structure was the same as vanilla but whose start and end dates might be unconventional, would not generally be classed as exotic.
Options, Futures and Other Derivatives, Sixth Edition. Online Analytics and Portfolio Management Tools by OCM Solutions Inc. This page was last edited on 4 June 2018, at 12:46. But at SHOT we were able to get a real hands on look at the Franklin Armory booth. Franklin Armory has two different systems and they are available in either a complete rifle or a complete lower.
The difference between these two systems is that the RFS is simply that, a release trigger. The rifle is fired and as the bolt goes to the rear, cocking the hammer back into the disconnector. When the trigger is then released, the initial description comes into play. This article does not cite any sources. An Interest rate option is a specific financial derivative contract whose value is based on interest rates. Its value is tied to an underlying interest rate, such as the yield on 10 year treasury notes. Similar to equity options, there are two types of contracts: calls and puts.