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Ladder Rung

In connection with a ladder option or similar-type option (e.g., a shout option), a ladder rung is a trigger strike...

Rung

In connection with a ladder option or similar-type option (e.g., a shout option), a rung is a trigger strike at...

Unwind Trigger

A set of conditions that, if and when met, will trigger liquidation of the underlying asset of a swap and...

Trigger Option

A provision which is typically attached to a CAPS option, whereby it terminates before expiration date and is settled at...

Triggerable Power Reverse Dual Currency Note

A power reverse dual currency note (PRDC note) that has a knock-out feature, i.e., a discrete trigger whereby the structure...

Soft Call

A call option whereby a convertible bond (CB) can be called back if the share price exceeds a specific level...

Trigger Power Reverse Dual Currency Note

A power reverse dual currency note (PRDC note) that has a knock-out feature, i.e., a discrete trigger whereby the structure...

Downgrade Trigger

A provision in a derivative contract that stipulates immediate contract termination with a cash settlement if the credit rating of...

Turbo Trigger

A structural feature that gives protection to senior bondholders (noteholders) against a deterioration of credit support. It applies a host...

Trigger BRC

It stands for trigger barrier reverse convertible; a variant of barrier reverse convertible (BRC)- a structured product- which is structured...