A credit linked note (CLN) whose redemption and coupon payments are linked to a single default event and also depend…

It stands for knock-in swaption. A barrier swaption in which protection exists or activates only if the swap rate crosses…

It stands for best estimate liability; an estimation of the liability value of a portfolio of insurance policies. It refers...

It stands for medium term note; a corporate fixed-income security that is offered intermittently or continuously by an agent of...

It stands for put-call-futures parity; the relationship between the prices of calls (call options), puts (put options), and futures (futures…

Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…

A financial asset (FA) that is held for the purpose of selling or repurchasing it in the short term. It...

A financial liability (FL) that is assumed by an entity for the main purpose of selling or repurchasing in the...

It stands for variable fee approach; with respect to an insurance contract with direct participation features, it is the applicable...

An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…