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LLCDS

It stands for layer-loss credit default swap; a basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long)...

STCDS

It stands for standardized tranche credit default swap; a type of first loss credit default swaps (FLCDS) or tranche loss...

FBDS

It stands for forward-starting basket default swap; a forward contract which obliges the holder to buy or sell a basket...

STRIPE

Abbreviation for swap transferring risk with participating element; a hedging tool that combines an interest rate swap with a participating...

FRN

It stands for floating rate note. It is a note bearing a variable interest rate which is usually readjusted every...

IRDV01 of a CDS

A metric that captures the dollar change in the value of a credit default swap (CDS), or a CDS position,...

IR DV01 of a CDS

A metric that captures the dollar change in the value of a credit default swap (CDS), or a CDS position,...

IO

The interest-only (OI) portion of a mortgage loan. Financial institutions, especially mortgage financing firms, separate a series of interest payment...

ASCOT

An abbreviation for asset swapped convertible option transaction; this structure combines both an option and an asset swap. In other...

HAMSTER

It stands for hope for a market stabilization in a given range, which is one of the numerous names for...