A bond swap that entails swapping substitute bond issues experiencing short-term imbalances in yield spreads. The imbalance will correct itself...
A tracker certificate which gain in value when the price of the underlying goes down, and vice versa. Such a...
A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
A bond that is issued by a developing country or a less developed country (LDC) as a voluntary debt relief...
A trade that involves the sale of one bond and the use of the proceeds to purchase a different bond...
A bond that is issued in small denominations, i.e., for a par value less than $1,000, usually $500 to $25....
A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will...
A yield enhancement note that provides capped upside participation (exceeding 1 to 1, i.e., above 100%, subject to the cap...
The differential or spread that exists between credit derivatives (such as credit default swaps or CDSs) and their underlying cash...
A slang term for a set of special or exceptional features that are added to ordinary investments or instruments in...