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Sales Discount

A reduction in the price (list price) of a product/ service that is offered by a seller, against prompt or...

Standby L/C

A letter of credit (LC) that represents a guarantee by an issuing bank rather than a source for payment. A...

Survivors Pay

A loss-sharing arrangement whereby participants agree that, in the event of a participant’s inability to settle its obligations (e.g., to...

Settlement Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

Settlement Asset

An asset or a claim on an asset that is accepted by a beneficiary (in a financial transaction) as a...

Safety Buffer

In relation to a structured product, it is the underlying instrument's current price difference from a predetermined stop-loss threshold. Many...

Sprint Certificate

An outperformance certificate that allows the holder/ investor to benefit, disproportionately, from moderate price increases in the underlying asset/ instrument....

Sidestep Certificate

An outperformance certificate whereby the holder/ investor receives the underlying or its performance in addition to a certain adjustment if...

Structured Retail Product

A financial product that is issued (by certain institutions, e.g., banks, insurance firms, etc.) to the public as an investment...

Spread Certificate

An outperformance certificate that features, and whose performance depends on, a spread with an upper and a lower limit set...