The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…
The memory of a phoenix (phoenix product) that allows the holder, as an option, to change the manner in which...
A coupon that is associated with a memory (memory coupon), allowing the holder, once the instrument or product is redeemed...
An autocallable that has a memory coupon as part of its structure. It provides its holder with early redemption at...
A coupon payment (payoff or interest) for a structured product that has a memory feature. If activated, the product/ instrument,...
An autocallable that has a memory coupon as part of its structure. It provides its holder with early redemption at...
A structured product that is linked to the performance of an underlying being either the spot price of a single...
A senior CDO tranche that ranks at the very top of a CDO (collateralized debt obligation) issue. Given its utmost,...
A layer of loss absorption in a collateralized debt obligation (CDO) or any similar structures that is positioned between the...
A layer of loss absorption in a collateralized debt obligation (CDO) or any similar structures that is positioned between the...