Cliquet


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Cliquet

A series of forward start options in which the first option is active (and its strike price is set) immediately. The second option becomes active on the expiration date of the first option, with the strike set as the market value of the underlying on that day. The process continues for as many options as exist in the cliquet. Importantly, the entire premium is paid at once. Cliquets are useful for an investor who wants to lock in an option for a significant period of time, with the strike price adjusting to reflect market realities. It is also known as a reset option or a ratchet option.
References in periodicals archive ?
The fines centred on a product called Cliquet designed by Credit Suisse International (CSI) and sold to nearly 84,000 customers who ploughed in PS797 million.
4m for failing to ensure promotions for Credit Suisse's Cliquet Product were clear, fair and not misleading.
Edited by Frank Maes, An Cliquet, Willemien du Plessis, and Heather McLeod-Kilmurray
Agianniotaki, Emmanuelle Robardet, Emmanouil Liandris, Spiridon Doudounakis, Mirsini Tzani, Paraskevi Tsaroucha, Evelyne Picard-Meyer, Florence Cliquet, and Olga Mangana-Vougiouka
Cliquet options, in this sense, are heavily traded in the markets, especially as building blocks for many structured products.
Lesuffleur F, Paynel F, Bataille M, Le Deunff E, Cliquet J (2007) Root amino acid exudation: measurement of high efflux rates of glycine and serine from six different plant species.
Paynel F, Murray P, Cliquet JB (2001) Root exudates: a pathway for short-term N transfer clover and ryegrass.
France stopped vaccinating in 2003, but Florence Cliquet, head of the French national rabies lab in Nancy, says her team will bait fox dens along the German border this week, and will vaccinate a 60-kilometre-wide border strip in May.
During her big "pay-day", she managed to grab an astonishing array of freebies, including a free honeymoon worth pounds 15,000, a free David Fielden designer dress worth pounds 10,000 and pounds 6000 worth of champagne thanks to top champers firm, Veuve Cliquet.
Out of the box support for all flavors of VA's and FIA's including Withdrawal Benefit (WB), Income Benefit (IB), Accumulation Benefit (AB) and Death Benefit (DB) in the VA space and Point-to-Point, Call Spread, Cliquet, Binary (Digital) and Asian Rainbow structures in the FIA space.
Robardet E, Giraudoux P, Caillot C, Boue F, Cliquet F, Augot D, et al.