It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…
An abbreviation for floating-rate collateralized obligation; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that is…
The difference between three-month LIBOR and the overnight index swap rate (OIS rate). It is an indication of the amount…
A swap that provided a means to the banks of less developed or underdeveloped countries (such as Mexico, Argentina, etc)…
A perpetual floater which contains a call option given to the issuer. However, if the issuer doesn’t exercise this option…
A collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that is tied to a reference interest rate.…
Another name for a floating rate note (FRN); a medium to long-term debt obligation (note) that has its coupon rate…
A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR.…
An exchange-traded futures contract on the 3-month LIBOR rate. Each contract controls a notional amount of USD 100,000. Interest on…
A balance guaranteed swap in which one leg pays LIBOR plus a spread, while the other leg pays the average…