A Zero-Coupon Inflation Swap (ZCIS) is a derivative that exchanges fixed payments for inflation-adjusted payments to manage exposure to purchasing power changes.
A zero-gap condition describes a perfect balance in interest-rate-sensitive assets and liabilities within a financial institution, ensuring stability against interest rate changes.
The Z-Spread provides an insight into the value of a bond by spreading the difference between its cash flows and the corresponding risk-free Treasury yield.