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Collared FRN

A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…

    Collared FRN with Participating Caps and Floors

    An FRN that is embedded with increased participation mechanism. In other words, the holder can get more participation levels as...

      Ratchet Collared FRN

      A collared FRN in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...