It stands for zero-volatility spread; the spread that would be realized over the whole risk-free spot rate curve if a…
The correlations which are observed between a convertible’s theoretical value and relevant influential factors such as the underlying stock price,…
A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be…
The incremental cost which is paid by a principal to an agent who is supposed to make decisions, manage affairs...
A bond swap and particularly a form of the intermarket spread swap whereby an investor may be compensated for the…
A type of antidilution provision that gives the holder of an equity-based security the right to obtain extra shares of…
A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continous…
A variant of barrier reverse convertible (BRC)- a structured product– in which the barrier strike is only active for a…
A fund of liquid assets (cash or cash equivalents) which a company earmarks to pay for a takeover of another…
A collateral, in a repo transaction or CMOs, that comes in the form of a whole loan. For whole loan…