A variant of barrier reverse convertible (BRC)- a structured product– that pays a guaranteed coupon over the specified term or…
In the context of bonds (specifically bond indentures), this refers to a term providing for a premium to par value…
A tranche (constituting a type of asset-backed security, ABS) that gives the investors more certain cash flows thanks to its...
The process whreby a portfolio manager buys credit protection on one reference asset or pool of assets, and simultaneously sells protection…
The quoted price of a convertible bond which is normally expressed as a percentage of the bond’s nominal value (par…
It stands for planned amortization class tranche; a tranche (constituting a type of asset-backed security, ABS) that gives the investors...
A practice whereby bearish investors (bears) accumulate shares being sold short in an attempt to drive down share prices. The...
An abbreviation for certificates of deposit index, which is by definition an index that measures the 12-month average of the...
A bond that gives its holder a claim against financial asset (i.e., securities) rather than against real or physical assets.…
The excess of the market price of the convertible over its bond value (bond floor). It is typically expressed as…