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Agency Repo

A type of repo (repurchase agreement) which involves lending of agency securities such as mortgage-backed securities (MBS) collateralized by residential...

Open Maturity Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open maturity repo...

Open-Ended Repo

A repurchase agreement (repo) which has no specific repurchase date. In other words, the term of an open-ended repo is...

Autocallable Note

A structured note (a short-term market-linked product) that offers an above-market coupon if automatically called prior to the scheduled maturity...

Absolute Yield Spread

The difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities....

XD

A symbol for ex-dividend; an interval during which a company's stock no longer carries the right to the next dividend...

OTM Warrant

An abbreviation for out-of-the-money warrant; a warrant whose exercise price exceeds the price of its underlying at a given point...

One-Way Floater

A floater (FRN) in which coupon payments are subject to a floor set at the preceding coupon payment and a...

Overnight Repo

A repurchase agreement (repo) which matures after one day of entering into it. In other words, the term of an...

Omicron Risk

The risk that arises from the possibility that changes in credit spreads (omicron) will inversely affect the value of a...