Bermudan
adjEtymology From Bermuda + -an.
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Of, from, or pertaining to Bermuda, or the Bermudian peoples.
Bermudan
nounEtymology From Bermuda + -an.
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A person from Bermuda or of Bermudian descent.
Bermudan
adjEtymology Based on the geography of Bermuda, being somewhat European and somewhat American, but closer to American.
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Business, Finance Of an option That can be exercised on specific dates between the issue date and the expiry date.
- 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.2005, Justin London, Modeling Derivatives in C++, John Wiley & Sons, page 710:
- A Bermudan callable has several call dates, usually coinciding with coupon dates.2006, Business Knowledge for IT in Investment Banking: A complete handbook for IT Professionals (UK Edition), Essvale Corporation Limited, page 13
1 more example
- 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.2009, Shih-Feng Huang, Meihui Guo, Applied Quantitative Finance (Second Edition), Springer, page 295:
- Derived terms
- Bermudan option
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.