Bermuda option

2021 ISDA Interest Rate Derivatives Definitions A Jolly Contrarian owner’s manual™ Go premium Crosscheck: →Bermuda in the 2006 ISDA definitions →Bermuda in the 2021 ISDA definitions Bermuda in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. Original text: edit 12.4.2 Bermuda. “Bermuda” means a style of Option Transaction or Optional Early Termination Right, specified as such in the Confirmation, pursuant to which the right or rights granted are exercisable only on certain specified dates. Template:M comp DI Resources and Navigation Template:Res DI

Overview

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Summary

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A Bermuda option is sort of transatlantic, in that it may be exercised at expiry, like a European option, and also during the transaction, like an American option — but only on specified dates.

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• JC’s “nutshell” summary of the clause
• Background reading and long-form essays

See also

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• European option
• American option
• Bermuda Option Triangle