A type of callable LIBOR exotic in which the underlying instrument is a plain-vanilla fixed-for-floating swap. Therefore, the coupon at…
An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…
A floater that involves a short position in a strip of caps over the life of collateralized motgage obligation (CMO)…
A capped option that constitutes a long call position in which a cap is placed on the maximum payout of…
An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…
aa municipal derivative which constitutes a municipal note embedded with a derivative such as a swap, cap, option, etc. By…
An option in which the cap level is based on the last rate set for the underlying floating rate (LIBOR)....
A barrier cap whereby protection ceases to exist or deactivates only if the floating interest rate crosses the barrier on…
An option on a cap. In other words, an interest rate caption is an option to buy or sell an…
A step-up cap which applies the minimum level of a given benchmark rate (index rate) as observed in the reset...