By default, the Cap Term Structure page opens with the market data displayed for the current currency, trade date and market data cut-off as set in the pricing page from which it was opened. The expiries for the caps/floors come from the customize settings (for more information see Customizing the Market Data in the Swaptions Forward Rates Page & the Cap Term Structure Page ); the expiries for the caplets/floorlets are set by the system’s default settings for that currency.
In the page itself you can control:
For which currency the volatility surface is displayed. By default this is taken from the pricing page from which this page was opened, but you can change it using the Currency dropdown list.
For which tenor of the interbank interest rate index the data is displayed.
By default, if you opened this page from a cap/floor instrument in the pricing page it opens with the tenor used in the pricing page; if you opened this page from a different instrument it opens with the default tenor for the currency displayed in the pricing page.
You can then edit it manually in the cap Term Structure page itself using the Caps/Floor Libor dropdown list.
For which market data cut-off time the data is displayed.
By default this is taken from the pricing page 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.