A bond swap that enails swapping substitute bond issues experiencing short-tem imbalances in yield spreads. The imbalance will correct itself…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…
A senior CDO tranche that ranks at the very top of a CDO (collateralized debt obligation) issue. Given its utmost,...
A CDO tranche that constitutes the most senior tranche of a CDO (collateralized debt obligation) issue. Given its seniority as...
A call provision in which the issuer can exercise the call right only if the underlying stock rises above a...
It stands for synthetic high income equity-linked security; a structured equity-linked note (ELN) that is issued not by the company...
A type of market risk (MR) that arises from narrowly-defined, or specific factors other than broad market dynamics/ movements. Specific...
It stands for sustainability-linked repo; a repo transaction/ trade (repurchase agreement/ RP) whose financial and/ or structural characteristics are linked...
The securities leg of a repo transaction is that part relating the securities posted as collateral against the loan (the...
A repo transaction/ trade (repurchase agreement/ RP) whose financial and/ or structural characteristics are linked to the borrower's (collateral seller's)...