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FCN

It stands for fixed-coupon note; a note that provides the investor with fixed coupon payment over the course of its...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...

DCD

It stands for dual currency deposit; a structured product that involves two different currencies. It allows a depositor to capitalize...

VRN

It stands for variable rate note; a note on which the spread varies over time depending on the change in...

IAN

It stands for index amortizing note; a note (or a bond) that may repay principal before maturity date according to...

IIO

It stands for inverse interest only; an interest only (IO) security that pays a coupon inversely related to market rates...

PP-MLD

It stands for principal-protected market-linked debenture; a market-linked debenture (MLD) whose issuer promises to pay back the principal amount (face...

FDO

It stands for forward-starting CDO; a single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time...

USGG3YR

The index of US government bonds with a 3-year maturity (3-year bonds/ notes or in general 3-year treasuries). It measures...

USGG10YR

The index of US government bonds with a 10-year maturity (10-year bonds or in general 10-year treasuries). It measures the...