An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...
An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...
It stands for market-linked debenture; a structured product that constitutes a loan taken by a firm from the market that...
An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...
It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...
An abbreviation for collateralized debt obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...
It stands for targeted amortization class; a type of bond class that has a schedule for repayment of principal which...
Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...