The process of breaking up a convertible bond (CB) into two structured products: an asset swap (credit component) and a…
It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…
It stands for drop-lock note; a floating rate note that converts into a fixed coupon obligation when a reference interest…
It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...
An abbreviation for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock…
It stands for zero-coupon tranche; an alternative term for principal only tranche; a tranche, part of an IO/ OP structure,...
It stands for up-and-out put; an up-and-out option that is deactivated if the price of the underlying exceeds a preset...
It stands for up-and-in option; a barrier option in which the right to exercise activates or becomes active if the...
It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…
An abbreviation for certificates of deposit index, which is by definition an index that measures the 12-month average of the...