A single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time in the future. It involves…
It stands for pay-in-kind debenture; a bond that confers on the issuer the option to pay interest with additional pay-in-kind...
A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…
An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…
It stands for sustainability-linked repo; a repo transaction/ trade (repurchase agreement/ RP) whose financial and/ or structural characteristics are linked...
The price value of a basis point of a bond is a measure of the bond price volatility to interest…
It stands for moving strike convrtible bond; in Japan, it is a convertible bond in which the conversion price is…
An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…
A leveraged super senior tranche (LSS tranche) (a synthetic collateralized tranche) that is associated with a loss trigger. More specifically,...
It stands for drop lock bond; a floating-rate bond that converts into a fixed coupon obligation when a reference interest…