A two-tranche liability position that consists of senior (A) and subordinated (B) securitized loans. In an A/B structured loan, the...
Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...
A bond that is denominated in U.S. dollars but sold mainly in and through Hong Kong and Singapore financial markets....
A bond swap that involves swapping a short maturity bond with a longer maturity bond. This swap helps investors to...
An act by which an amount of money is used after it has been made available for a particular purpose....
The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...
A floating-rate note (FRN) which has a rate trigger allowing the interest to convert to a specified fixed rate for...
A letter of credit that represents a guarantee by an issuing bank rather than a source for payment. A bank...
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has...
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has...