Principal write-down (PWD), in general, is the embedded capacity of a financial instrument to absorb losses by writing down its...
A hybrid product is a financial product that combines two products or more, or that combines a specific number of...
Fungible securities: a type of securities that are interchangeable with other securities belonging to the same class or series. In...
An issuer (of a debt instrument or a similar types of instruments) is an entity that creates marketable financial instruments...
LIBOR (London Interbank Offered Rate) is an interbank rate used as a benchmark or reference rate for short-term interest rates....
SOFR (secured overnight financing rate); is a broad reference rate that measures the cost of borrowing money overnight collateralized by...
A quasi-equity instrument is an instrument (a hybrid instrument) that possesses and exhibits the features of quasi-equity (QE)- that is,...
A bespoke CDO Tranche is a tranche of a collateralized debt obligation (CDO) for which terms and features can be...
A tranche is one of an array of related securities (security issues), each of which is characterized by different return...
A tranche is one of an array of related securities (security issues), each of which is characterized by different return...