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Hybrid Security

A combination of a debt instrument and a derivative instrument such as equity option, equity swap, currency forward, currency futures,...

Flip-Flop Note

A note that has an embedded option that allows investors to switch between two types of securities. For instance, an...

Manufactured Dividend

A payment that is received by a securities lender for a dividend distributed on a loaned security. By agreement, the...

Securitization

A type of structured finance that involves the pooling of assets (or specific types of assets such as receivables) for...

GC Security

It stands for general collateral security; broadly, it is a category of collateralized securities (known as eligible collateral) with identical...

General Collateral Security

Broadly, it is a category of collateralized securities (known as eligible collateral) with identical credit quality, and as a result...

SC Security

It stands for special collateral security; a specifically determined and specified collateral security in a repo transaction. In this transaction,...

Special Collateral Security

A specifically determined and specified collateral security in a repo transaction. In this transaction, the underlying security/ issue is well...

ELK Security

It stands for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock...

ELKS

It stands for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock...