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SATB

It stands for short against the box; a short sale against the box of a stock is a trade in...

TRIPS

It stands for treasury rate index principal swap; an index principal swap in which the floating rate leg is based...

TARN

It stands for target redemption note. A structure that terminates whenever a maturity is reached or the total amount paid...

FSG

It stands for forward shooting grid; a variant of the lattice tree methods (binomial trees/ trinomial trees) that is used...

OAS

It stands for option-adjusted spread; the credit spread that is added over the spot rates (the Treasury spot rate curve,...

CDO

It stands for collateralized debt obligation; an investment-grade bond that is backed by a pool of variously-rated debt obligations including...

CTD

It stands for cheapest to deliver; a procedure which is used to find out which debt instrument (government bonds, corporate...

LIBOR

It stands for London Interbank Offered Rate. It is the rate of interest at which AA-rated banks borrowed large amounts...

CRAN

An acronym for callable range accrual note, which refers to a range note (a type of structured note) that is...

CTFF

It stands for cash-to-first futures; a short cash rate that is observed from current day to the maturity date of...