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Glossary

I

Ichibu * Idiosyncratic Return * Idiosyncratic Risk * Illiquid * Imbedded Option * Immediacy Cost * Immediacy Demand * Immediate or Cancel * Immediate Repackaging of a Perpetual (IRP) * Immunization of a Portfolio * Impact Forward * Implied Binomial Tree * Implied Correlation * Implied Distribution * Implied Duration * Implied Forward Interest Rate * Implied Repo Rate * Implied Standard Deviation (ISD) * Implied Volatility (IV) * Implied Zero Coupon Swap Curve * Imputation System of Corporate Taxation * In Arrears * In Option * In the Money * In-Arrears Swap * Incentive Fee * Incentive Stock Options * Incentive Trade * Inchoate Instrument * Income Bond * Income Warrants * Increasing Rate Notes (IRNs) * Independent Risk Oversight (IRO) * Index * Index Allocated Principal (XAC) Bond * Index Amortizing Note * Index Amortizing Swap * Index Arbitrage * Index Fund * Index Growth-Linked Units (IGLUs) * Index Participation Certificate * Index Participations * Index Portfolio * Index Principal Return Note * Index Range Note * Index Tracking * Index Warrants * Indexation * Indexed Coupon Note * Indexed Currency Option Notes (ICONs) * Indexed Inverse Floater * Indexed INverse FLOating Rate Security (Indexed IN * Indexed Notes * Indexed Principal Swap (IPS) * Indexed Strike Cap * Index-Linked Bonds or Notes * Indicative Price * Indicator Variable * Indifference Curve * Individual Equity Future (IEF) * Infinite Ladder Option * Inflation Derivative * Inflation Risk * Inflation-Linked Debt * Inflation-Rate Interest- Indexed Bonds * Information Coefficient (IC) * Informationless Trades * Initial Margin * Initial Public Offering (IPO) * Insider Trading * Insolvency * Installment Option * Instinet * Institutional Net Settlement (INS) System * Institutional Regulation * Instrike * Insurable Interest * Insurance * Insurance Risk * Integrity Risk * Intellectual Risk * Inter-Bank On-Line System (IBOS) * Interchangeable Bond * Inter-Dealer Broker (IDB) * Interest * Interest Cover * Interest Coverage Ratio * Interest Equalization Tax (IET) * Interest Only (IO) Obligation * Interest Rate Cap * Interest Rate Caption * Interest Rate Collar * Interest Rate Contingent Option * Interest Rate Corridor * Interest Rate Differential (DIFF) * Interest Rate Floor * Interest Rate Guarantee (IRG) * Interest Rate Index Swap * Interest Rate Option * Interest Rate Parity * Interest Rate Reset Notes * Interest Rate Risk * Interest Rate Swap * Interest Rate Swaption * Intermarket Surveillance Group (ISG) * Intermarket Trading System (ITS) * Intermediary * Intermediation * Internal Rate of Return (IRR) * International Association of Financial Engineers ( * International Monetary Fund (IMF) * International Organization of Securities Commissions (IOSCO) * International Spread Option, Warrant, or Note * International Swaps and Derivatives Organization (ISDA) * Interpolation * Interquartile Range * In-the-Money Forward * In-the-Money Lookback Option * Intrinsic Value of an Option * Invariance Propositions * Inventory Turnover Ratio * Inverse Floater * INverse FLOating Security (INFLOS) * Inverted Curve Enhancement Swap (ICE Swap) * Inverted Market * Inverted Yield Curve * Investment Grade * Investment Grade Consensus * Investment Management Regulatory Organization (IMR * Investment Value * Iota (I) * Irredeemable Debt Instrument * Issuance Facility * Issuer * Issuer's Option Bond * Itayose * Iterative Solution * Ito's Lemma

Glossary