A range accrual note (RAN) that is a structured in such a way that the coupon is linked to the...
It stands for overnight index swap; a fixed-to-floating interest rate swap where the floating leg is determined by reference to...
It stands for low outlay geared option. A low premium option (specifically a put) which allows the holder to participate...
It stands for multiperiod strike reset option; an option in which the strike price is periodically reset with multiple payouts....
It stands for quanto equity swap; a swap that pays the return on a foreign equity investment (like a share...
An acronym for participating interest rate agreement; an interest rate collar that allows an investor or borrower to mitigate or...
It stands for principal only; the principal-only portion of a mortgage loan or a mortgage-backed security (MBS). Financial institutions, especially...
It stands for knock-out floating rate note; a barrier floating rate note in which the coupon is deactivated (knocked-out) if...
It stands for quality spread differential; the difference in quality spread as measured at two different maturities. This difference goes...
It stands for swap differential agreement; an interest rate basis swap which entails the exchange or locking in of the...