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ABCP

An abbreviation for asset-backed commercial paper; a short-term instrument that is backed by the cash flows from specific assets (e.g....

ASRO

It stands for average strike rate option; an option in which settlement or payment on exercise depends on the difference...

OTM

It stands for out of the money; for a derivative, it refers to a situation where it does not make...

ITM

It stands for in the money; a condition wherein the exercise price of an option is equal (or almost equal)...

NBV

It stands for net book value; the value at which an entity reports an asset on its balance sheet (statement...

ICDO

It stands for individual collateralized debt obligation (individual CDO); a synthetic structure that consists of a single tranche. It is...

IIB

It stands for interest-indexed bond; an index linked bond (historically issued in Australia in the 1980s) that pays a fixed...

CDRAN

An abbreviation for callable daily range accrual note; a callable range accrual note (CRAN) that provides the accumulation of enhanced...

CMS RAN

A range accrual note (RAN) that is a structured in such a way that the coupon is linked to the...

OIS

It stands for overnight index swap; a fixed-to-floating interest rate swap where the floating leg is determined by reference to...