By default, the Caplet Volatility Surface opens with the volatility surface for the current currency, trade date and market data cut-off time set in the Cap/Floor Volatility Surface from which it was opened. The other settings, i.e., the strike scale, the number of scenarios, and the increment between each strike on the top axis, come from the customize settings for the Cap/Floor Volatility Surface (for more information on these settings see Customizing the Volatility Surface).
Once the page is open you can then control what data is displayed in the page and how as follows:
You can control for which trade date the volatility surface is displayed.
By default this is taken from the cap/floor volatility surface from which this page was opened, but you can change it using the Trade Date field.
You can control for which currency the volatility surface is displayed.
By default this is taken from the cap/floor volatility surface from which this page was opened, but you can change it using the Currency dropdown list.
You can control for which tenor of the interbank interest rate index the volatility surface is displayed.
By default this is taken from the cap/floor volatility surface from which this page was opened, but you can change it using the Based on dropdown list.
For which market data cut-off time the volatility surface is displayed.
By default this is taken from the cap/floor volatility surface from which this page was opened, but you can change it using the Cut Off dropdown list. For more information on this feature see Changing the Market Data Cut-off Time.
You can control whether the scale used for the strikes is displayed in:
Basis spreads
Percent
Strikes
By default this is set by the customize settings for the cap/floor volatility surface from which this page was opened (accessed by clicking the Settings button in that page), but you can edit it manually in the page using the Strike Scale dropdown list1.
You can control the size of each strike increment.
By default this is set by the customize settings for the cap/floor volatility surface from which this page was opened (accessed by clicking the Settings button in that page), but you can edit it manually in the page using the Strike Increments dropdown list.
You can control the number of scenarios on either side of the ATM volatility.
By default this is set by the customize settings for this page (accessed by clicking the Settings button), but you can edit it manually in the page using the Scenarios button.