A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be...
The expected yield to maturity (YTM) of a bond/ note that is adjusted for an embedded option (e.g., an issuer's...
A type of repo (repurchase agreement) that has no fixed maturity date. In effect, the transaction can be terminated "on...
A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open maturity repo...
A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open-ended repo is...
An abbreviation for out-of-the-money warrant; a warrant whose exercise price exceeds the price of its underlying at a given point...
A floater (FRN) in which coupon payments are subject to a floor set at the preceding coupon payment and a...
A repurchase agreement (repo) which matures after one day of entering into it. In other words, the term of an...
The risk that arises from the possibility that changes in credit spreads (omicron) will inversely affect the value of a...
A measure of a bond's convexity which takes into account the convexity of options embedded within the bond. It captures...