Bermudan

plural Bermudans · alternative Bermudian

1. A person from Bermuda or of Bermudian descent.

alternative Bermudian

1. not comparableOf, from, or pertaining to Bermuda, or the Bermudian peoples.

1. not comparablebusinessThat can be exercised on specific dates between the issue date and the expiry date.

   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

   2 more examples

   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

   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