Bermudan
Noun
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Noun
Bermudan (plural Bermudans)
- A person from Bermuda or of Bermudian descent.
Bermudan (not comparable)
- Of, from, or pertaining to Bermuda, or the Bermudian peoples.
Bermudan (not comparable)
- (finance, of an option) That can be exercised on specific dates between the issue date and the expiry date.
- 2005, Justin London, Modeling Derivatives in C++, John Wiley & Sons, page 710:
- This chapter focuses on the pricing of various exotic interest rate derivatives including Bermudan swaptions, constant maturity swaps, trigger swaps, index amortizing swaps, and quantos.
- 2006, Business Knowledge for IT in Investment Banking: A complete handbook for IT Professionals (UK Edition), Essvale Corporation Limited, page 13:
- A Bermudan callable has several call dates, usually coinciding with coupon dates.
- 2009, Shih-Feng Huang and Meihui Guo, Applied Quantitative Finance (Second Edition), Springer, page 295:
- Multi-dimensional option pricing becomes an important topic in financial markets (Franker et al., 2008). Among which, the American-type derivative (e.g. the Bermudan option) pricing is a challenging problem.
- 2005, Justin London, Modeling Derivatives in C++, John Wiley & Sons, page 710:
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003