The process that involves restoring a bond portfolio to its former position before the original swap. This may usually take...
The mirror image of a bonus certificate in terms of payout profile. The holder will receive the bonus amount if...
A floater (floating-rate note) in which the coupon moves inversely to the movement of the reference rate. That is, if...
The leverage in which the so-called recourse borrowing is used. It is backed by collateral posted by the borrower. The...
A type of arbitrage that involves attempting to profit from specific deviations from interest rate parity by entering into a...
A bond that is associated with no risk (credit risk, default risk) over its term or time to maturity. In...
A bond that is associated with no risk (credit risk, default risk) over its term or time to maturity. In...
A new position that involves revisiting/ revising the terms of an existing finance (e.g., a loan, credit facility, a mortgage...
A mix of funding that involves both a direct repo and a triparty repo. This situation arises when the holder...
The rent amount that can be captured by reinvesting the repo loan funds at the higher general collateral repo rate....