A series representation that is used for generating the model procedure: the so-called variance gamma process in pricing average rate…
A collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows into short, medium,…
It stands for convetible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,…
The process whereby a parent company divests itself of a subsidiary by distributing all shares in the subsidiary proportionally to…
A two-asset option that has a predetermined time window (monitoring period) during which one of two underlying assets is observed…
A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a…
An after-hours trading platform that is employed at the New York Mercantile Exchange (NYMEX). This electronic computerized after-hours trading system was…
It stands for exchangeable variable rate note; a variable rate note (floating rate note) that pays a floating coupon after…
The maximum number of shares of stock (collectively known as capital stock), both preferred and common, that a company is…
A floater (floating-rate note) that grants issuers and investors the right to convert from a floating rate of interest to…
