A memory feature of a structured product (e.g., autocall/ autocallable) that if activated, and if on any coupon observation date...
A phoenix autocall that has no memory. In other words, it is an income product (income-paying structure) that provides a...
The process of swapping bonds of different classes or riskiness to take advantage of lucrative discrepancies in yield. For example,...
A variant of barrier reverse convertible (BRC)- a structured product– that pays a coupon on a frequent basis (e.g., quarterly)…
It stands for moving strike convrtible bond; in Japan, it is a convertible bond in which the conversion price is…
A step-up callable bond whose initial coupon is well above market rates (for vanilla bonds) and which allows more than…
A structured note that allows the issuer to call or redeem it at its own discretion on specified dates along…
A bond in which interest and principal payments are made by home owners. Typically, it is issued by a corporate...
A preferred stock that is subject to mandatory redemption. More specifically, it contains terms requiring the issuer to recall the…
A debt security (e.g., a bond) that is issued by a state or local government to finance specific requirements (public...