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Corridor Floater

A floater (FRN) in which a higher coupon is paid should a particular reference rate is within a specific range...

Bear Floater

A structured security (a floater or floating rate note- FRN) which allows an investor to take advantage of increasing interest...

Leveraged Reverse Floater

A floating-rate note (floater) in which the reference rate is magnified by a factor λ (where λ > 1). Therefore,...

Hedged Inverse Floater

A combination of an inverse floater and a principal currency swap which is designed to hedge a direct exposure to...

Floating Rate Note

Also a floater. It is a note bearing a variable interest rate which is usually readjusted every six months. This...

FRN

It stands for floating rate note. It is a note bearing a variable interest rate which is usually readjusted every...

Inverse Floater

A floater (floating-rate note) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Inverse Floater Coupon

The interest payment (coupon) on an inverse floater; the floater offers a coupon that increases when interest rates fall and...

Inverse Floater CMO

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

Dual-Index Floater

A bond (floater) with a coupon that depends on two different floating-rate indexes. Typically, this bond pays an above-market fixed-rate...