A debt instrument (note) which comes with a step-down coupon; the amount of its coupon decreases over time to maturity....
A floating-rate note (floater) that comes with a changing quoted margin. That means the quoted margin changes at certain intervals...
It stands for structured interest only; an interest-only bond (tranche) that receives the excess interest (difference between the coupon rate...
A municipal bond that is issued by cities and towns for the purpose of funding a specific development project to...
A dividend that is paid for exceptional reasons and is unlikely to be paid again in the foreseen future, if...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
An autocall with a single asset as underlying. It is the simplest autocall structure as its performance depends on the...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
From an investment perspective, a security has many different meanings including: 1) an instrument that constitutes an ownership position (or...
A type of security that represents ownership in a company/ corporation divided into equal shares that are a claim on...