The coverage limit that constitutes the pre-specified maximum level a protection buyer (in a credit-linked instrument/ arrangement such as a...
It stands for tranche outstanding notional amount; with respect to a tranche, it is the original tranche size reduced by...
With respect to a tranche, it is the original tranche size reduced by the credit losses (to the reference portfolio)...
The coverage limit that constitutes the pre-specified maximum level a protection buyer (in a credit-linked instrument/ arrangement such as a...
The coverage limit that constitutes the pre-specified maximum level a protection buyer (in a credit-linked instrument/ arrangement such as a...
A portion of a tranche that constitutes a non-standard CDO tranche (or other types of tranches) with smaller loss intervals...
An option on a tranche. It gives the holder the right, but without the obligation, to buy or sell an...
A bond (specifically a municipal bond) whose holder is exempted from paying taxes on its interest income. This bond is…
A bond that is fully exempted from taxation on its interest payment. The interest income on this bond, generally issued…
An action whereby the U.S. Federal Reserve (the Fed) cuts back- or taper- its bond purchases. Usually, the Fed buys…