An option on a CDS tranche. It gives the holder the right, but without the obligation, to buy or sell...
It stands for commercial mortgage backed security loan; a type of real estate loan that is collateralized by a first...
An alternative term for systematic risk premium; the risk premium for systematic risk. It is the risk premium against the...
The correlations which are observed between a convertible’s theoretical value and relevant influential factors such as the underlying stock price,…
In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...
A fixed-income security (investment, instrument, etc.) that is backed by mortgage loans on commercial real estate rather than residential properties...
It stands for commercial mortgage-backed security; A CMBS is a fixed-income security (investment, instrument, etc.) backed by mortgage loans on...
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…
The cash flow amount(s) that remains unpaid on each payment date after all payments on the collateralized mortgage obligation tranches...
The cash flow amount(s) that remains unpaid on each payment date after all payments on the collateralized mortgage obligation tranches...