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ICDO

It stands for individual collateralized debt obligation (individual CDO); a synthetic structure that consists of a single tranche. It is...

IIB

It stands for interest-indexed bond; an index linked bond (historically issued in Australia in the 1980s) that pays a fixed...

CDRAN

An abbreviation for callable daily range accrual note; a callable range accrual note (CRAN) that provides the accumulation of enhanced...

PERLES

It stands for performance linked to equity securities; a synthetic security in which the payoff is based on the performance...

SOFR

It stands for secured overnight financing rate; a broad reference rate that measures the cost of borrowing money overnight collateralized...

SAN

It stands for step-down autocallable note; an autocallable note (a yield enhancement note) that is similar to an equity-linked note...

IPO

It stands for initial public offering, which refers to the issuance by a privately-held company of stock to public investors...

ARPS

An abbreviation for adjustable-rate preferred stock; a preferred stock whose dividend is reset at specified periods based, for example, on...

ADST

An abbreviation for approved deferred share trust; a trust fund that a company creates for the purpose of buying shares...

AMLF

An abbreviation for asset-backed commercial paper money market fund liquidity facility; funding that is provided at a discount rate to...