It stands for coupon equivalent yield; the rate of return which is quoted on bonds on the basis of simple…
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be…
A debt instrument (specifically a time deposit) that is issued by a bank or depository institution (like a credit union)…
A bond whose interest payments and/or principal repayment are tied to the price of a commodity such as silver, copper,…
The interest rate differential that results from covered arbitrage between two rates denominated in different currencies. More specifically, the covered…
A reaction that is triggered upon occurrence of a predefined event such as when loans/ liabilities exhibit a high percentage…
A fixed-income index that is calculated as the average rate at which major commercial paper dealers (issuers and resellers) offer...
It stands for callable pass-through certificate; a mortgage security (mortgage-backed security) that is created by splitting a pass-through into two...
A mortgage security (mortgage-backed security) that is created by splitting a pass-through into two classes: a callable class and a...
A mortgage security (mortgage-backed security) that is created by splitting a pass-through into two classes: a callable class and a...