An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement…
A zero coupon swap (ZC swap) in which payments are reversed. That is the zero coupon payment is made at…
An abbreviation for short-term interest rate contract. STIR contracts may take the form STIR futures, STIR option, STIR swap, etc.…
A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…
It is an acronym for credit option on Brady bonds. By definition, it is an option whose underlying is the...
The price value of a basis point of a bond is a measure of the bond price volatility to interest…
It stands for moving strike convrtible bond; in Japan, it is a convertible bond in which the conversion price is…
It stands for recovery lock CDS; a credit default swap (CDS) entails the exchange of a floating recovery amount for…
An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…
A leveraged super senior tranche (LSS tranche) (a synthetic collateralized tranche) that is associated with a loss trigger. More specifically,...