Tapo

A tapo lets you duplicate a series of vanilla options all with the same strike.

Target Redemption or TARN

A TARN is a target redemption note. It is important to understand that a TARN is not in itself an independent product, but rather it exists as...

TARN

TARN stands for Target Accrual Redemption Note.

Theoretical value

The theoretical price (or theoretical value) is the mid-rate value...

Theta

Theta is the rate of change in an option's price with respect to the time to expiry.

Three-leg vanilla

This vanilla strategy lets traders easily price some of the more popular strategies in the CM and EQ market.

TIIE

The TIIE (Tasa de Interes Interbancario de Equilibrio or Interbank Equilibrium Interest Rate)...

Time proportional knock out

A time proportional knock out option is a vanilla option where the notional is not known on the trade date...

Total return swap

A total return swap is an agreement where the two counterparties swap periodic payments over the life of the agreement.

Trade date

The day of the agreement between buyer and seller to buy and sell a trade.

Trigger

See Barrier.

Two-leg

...a free format vanilla strategy is known as a two-leg.