A floating rate note that is embedded with caps or collars (caps and floors) so that the floating rate movement…

A single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time in the future. It involves…

An estimated price of option based on the premise that the relationships between the underlying price and the option price…

A structured note (and a type of range accumulation notes) that allows investors to particularly capitalize on their ability to…

An interest rate swap in which a fixed rate is exchanged into a low, off-market floating rate linked to a…

A capped call whose payoff is received instantaneously by the option holder. The payoff is a cash amount equal to…

A bond which is backed by a party other than the issuer. In other words, the bond’s interest and principal…

A municipal bond in which interest and principal are backed by the full financial resources and creditworthiness of the issuing…

An average rate option or average rate forward contract which is traded in currency markets, where its underlying rate is…

A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…