A type of dividends that are paid to a company's shareholders, based on a dividend payment schedule, out of a...
It stands for coupon barrier autocall note; an autocall note that is subject to a coupon barrier with an opportunity...
A second-order sensitivity; it is a tool that measures of the sensitivity of a bond or portfolio’s duration to a...
A term repo transaction in which the repo rate is fixed, while the lender of cash has the right to...
A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...
The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...
The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...
A bond with a current coupon has an interest coupon very close to the coupons being carried on new issues...
An index participation unit which constitutes a basket product whose components are not supported by physical securities. That means this...
A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...