It stands for convetible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,…
It stands for currency total return swap; a total return swap (TRS) that allows the buyer to hedge against both…
A call option on a put option. It gives the holder the right, without the obligation, to purchase a put…
It stands for credit-linked note. A credit-linked hybrid that combines a note with a credit default swap. The face value…
An asset swap which has a callable convertible bond (CB) as underlying. The underlying convertible bond is associated with a…
A par asset swap whose underlying asset (e.g. a convertible bond) is repackaged with an equity warrant stripped therefrom, with…
Changing a call option into a put option or vice versa. In the former case, an investor buys the call,...
It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…
A callable range accrual note (RAN); a range note that is imbedded with a call option. The embedded option allows…
A bond that is issued by a firm that allows it to be converted into equity at certain times using...