An index participation unit which constitutes a basket product whose components are not supported by physical securities. That means this...
A bond swap that aims to diversify a portfolio by bond type, sector, or geographic region (country-wise, region-wise, etc.). For...
A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...
In general, it is a method to determine how the monthly interest and principal cash flows are allocated among all...
A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...
A convertible which is embedded with a par-strike put option prior to final maturity. In other words, the holder has...
It stands for yield enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium...
The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...
A bond swap that involves swapping a relatively high-price bond with a relatively low-price bond (otherwise, the two bonds are...
The difference between the CDS spread and par equivalent CDS spread: PECS basis = CDS spread - PECS It captures...