It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...
A non-standard interest rate cap in which the rate used is a swap rate with a constant maturity. For example, a CMS cap could...
A basis point (bps or BP) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million...
A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...
It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...
It stands for principal protected note; a structured note that guarantees capital (hence the name: capital protection note). This note...
It stands for money-market derivative: a short-term interest rate derivative that is used in money market trading and hedging. Examples of money market derivatives...
It stands for intercontinental exchange rate. By definition, it is the mid-price for interest rate swaps (the fixed leg) and...
An abbreviation for inverted curve enhancement swap; an interest rate swap that places a minimum level (floor) under the floating rate in consideration...