A bond that pays a coupon below market floating rate but allows the issuer, thanks to an embedded Bermudan swaption,...
The all-inclusive price of a bond. That is, the market price of a bond or a similar fixed-income security in...
The amount of the manufactured dividend plus the fee the borrower will pay to the securities lender, expressed as a...
A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...
A convertible bond or preferred stock issue whose issuer cannot convert it by force either because it is selling below...
A call option whereby a convertible bond (CB) can be called back if the share price exceeds a specific level...
An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...
A bond provision that requires that the bond is turned in, or redeemed, at par or at a premium in...
A measure of the creditworthiness of a bond. It sets the bond’s Z-spread curve against the CDS contract (CDS spread)....
A payment that is received by a securities lender for a dividend distributed on a loaned security. By agreement, the...