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Turbo Certificate

A structured product (structured certificate) that provides leverage (gearing), both upside and downside, so that every incremental movement in the...

Tripartite Repo

A type of repo in which a three-way agreement is entered into to facilitate settlement and daily margining. The three...

Term-Rate-Indexed Repo

A type of floating rate repo (variable rate repo) which is linked to a term index such as LIBOR or...

Trust-Me Repo

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

Tranche

One of an array of related securities (security issues), each of which is characterized by different return patterns, cash flows,...

Terminable On Demand Repo

A type of repo (repurchase agreement) that has no fixed maturity date. In effect, the transaction can be terminated by...

TAC

It stands for targeted amortization class; a type of bond class that has a schedule for repayment of principal which...

Targeted Amortization Class

A type of bond class that has a schedule for repayment of principal which is protected against contraction risk for...

Tracker Certificate

A structured product (structured certificate) that faithfully tracks the performance of its underlying. Its risk-return profile is identical to that...

Tax Risk

The risk that arises from a business' inability to understand the tax environment(s) in which it operates. This, in turn,...