A type of a step-down coupon security which gives the holder a put option at each step-down point over the…
A bond swap that enails swapping substitute bond issues experiencing short-tem imbalances in yield spreads. The imbalance will correct itself…
A fixed strike lookback option in which the lookback period (partial time- PT) starts at a preset date after the…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…
An equity derivative (specifically an equity buy-write structure) that involves a mandatory conversion preferred stock (it resembles both convertible bonds…
An up-and-out option that is deactivated if the price of the underlying exceeds a preset level. The outstrike (barrier price)…
A turbo certificate that aims to bet on price increases. The participation in the upward movement of the underlying will…
A bond that is issued in one currency giving the holder the option, often at discretion, to receive repayment of…
A preferred stock that is subject to redemption. This hybrid preferred stock may provide for the right of the issuer…
An interest rate swap in which one leg is a fixed rate referenced to the UDI index (or the Unidades…
