Exotics

Structured payoffs assembled from the vanilla products — barriers, digitals, accruals and the geared strips sold as zero-cost hedges.

6 products, each with a five-step lesson, a worked example and a bank of twelve questions.

Exotics is part of the OTC Learn subscription; the 36 products the app shipped with are free.

• Digital Option — All or nothing, decided at one level
• Barrier Option — A vanilla that switches on or off at a level
• Range Accrual Note — A coupon that only earns on the days you are right
• Accumulator — Buy at a discount daily, until it goes wrong
• Target Redemption Forward — A better rate that stops once you have won enough
• Cliquet Option — A chain of options, each struck where the last one ended

Get OTC Learn on Google Play