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Perpetual FRN

A floating rate note (FRN) that that has no redemption date (maturity date), i.e., whose principal never matures. The note...

Perpetual Floating Rate Note

A floating rate note that that has no redemption date (maturity date), i.e., whose principal never matures. The note only...

Periodic Floor

An interest rate floor which provides, at specific adjustment dates, protection against decreasing interest rates for loans and mortgages. It...

Periodic Resetting Swap

An interest rate swap in which the floating rate leg resets according to a predetermined schedule or a designated reference...

Periodic Reset Swap

An interest rate swap (IRS) in which the floating rate leg resets according to a predetermined schedule or a designated...

Power Cap

An interest rate cap that pays the holder a reference rate (cap rate) raised to a given power in case...

Prime Cap

An interest rate cap whose reference rate (underlying interest rate) is linked to the prime rate- i.e., the interest rate...

Partial KIKO Option

A KIKO option in which the trigger is valid for a partial period of time over the course of its...

Periodic Cap

An interest rate cap which provides, at specific adjustment dates, protection against increasing interest rates for loans and mortgages. It...

Positioning a Swap

The process of entering into a swap by a swap dealer. The swap in question is said to have become...