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Leveraged Reverse Convertible

An equity structured product (and a reverse convertible) that provides participation leverage with no guarantees as to potential downside risk....

Letter Repo

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

Lot-Size Transformation

A type of transformation that involves matching assets/ investments that have different sizes, pooling small deposits or shares in order...

Leveraged Credit Linked Note

A credit linked note (CLN) whose redemption and coupon payments are linked to a single default event and also depend...

Leveraged CLN

A credit linked note (CLN) whose redemption and coupon payments are linked to a single default event and also depend...

Leveraged Super Senior Tranche

A super-senior tranche in which only a part of the tranche notional is paid by the holder. In other words,...

LSS Tranche

It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...

Long Bond

A bond with a long period remaining until maturity date. Bonds with more than two years to maturity are often...

Long Coupon

An interest payment (coupon) that covers a longer period than the other coupons on a bond. For example, in a...

Long Turbo Certificate

A turbo certificate that aims to bet on price increases. The participation in the upward movement of the underlying will...