A trigger point that occurs when the capital ratio of a bank (issuer of CoCo bonds) falls below a specific...
The situation that arises when a regulator considers a bank to be no longer viable (point of non-viability, PONV), setting...
A trigger that marks the situation when and where the common equity tier 1 ratio (CET1) of a bank or...
A mechanism which is developed to automate the end-to-end processing of transacting in financial instruments, replacing the conventional T+3 trading…
The interest that is calculated only on the principal amount or on a portion of the principal that is still…
A debt that takes priority over other classes of debt such as unsecured or “junior” debt owed by the issuer.…
A real-time promotion which is initiated on the request of the client/customer. Such a promotion, in some jurisdictions like the…
It stands for contingent convertible trigger, a trigger in a contingent convertible (CoCo) the breach of which forces a CoCo...
A debt (usually in the form of bonds/ CoCo bonds) that can convert to equity, or can be written-down, when...
It stands for contingent convertible debt; a debt (usually in the form of bonds/ CoCo bonds) that can convert to...