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Banking

Discount Yield

The discount on a money market instrument (such as Treasury bills, commercial paper, banker's acceptances, etc) that is expressed as...

Default Sensitivity

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...

Default01

A measure of the responsiveness (of equity value or bond loss- i.e., equity tranche or bond tranche in a portfolio)...

Decompounding

A technique which is used to convert an interest rate of a given period into an interest rate of a...

Drop-Lock Floating-Rate Note

A floating-rate note (FRN) which has a rate trigger allowing the interest to convert to a specified fixed rate for...

Downside Gamma

The change in the delta of a convertible with a given downward move in the underlying share. It is typically...

Discount Bond

A bond that accrues interest over its life. Accrued interest is only payable at the maturity date of the bond....

Direct Paper

A commercial paper that is sold directly by issuers to individual investors without the intervention of a securities dealer as...

Discount Rate

The interest rate that is used in discounting the cash flows of an instrument, firm or project to determine its...

Discrete Payoff Bull Note

A fixed rate note in which the rate is higher than usual and the principal will be paid back either...