A floater (floating-rate note) that grants issuers and investors the right to convert from a floating rate of interest to…
A type of CMBS (commercial mortgage-backed security) that is formed by combining a weighted average coupon interest only (WAC IO)…
A floating-rate note (FRN) that grants issuers and investors the right to convert from a floating rate of interest to…
It stands for coupon equivalent yield; the rate of return which is quoted on bonds on the basis of simple…
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be…
A debt instrument (specifically a time deposit) that is issued by a bank or depository institution (like a credit union)…
A bond whose interest payments and/or principal repayment are tied to the price of a commodity such as silver, copper,…
The interest rate differential that results from covered arbitrage between two rates denominated in different currencies. More specifically, the covered…
A reaction that is triggered upon occurrence of a predefined event such as when loans/ liabilities exhibit a high percentage…
A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...