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NCC

It stands for net credit cap; an upper or maximum limit (cap) that is placed on the credit exposure (credit...

Net Credit Cap

An upper or maximum limit (cap) that is placed on the credit exposure (credit risk) which a participant (e.g., a...

Non-Capital Protected Product

A structured product that does not provide full or partial capital protection. The holder is not guaranteed that the initial...

Non-Callable FRN

A floater (floating rate note, FRN) that is not callable (as opposed to a callable floater). In other words, it...

Non-Callable Floating Rate Note

A floater (floating rate note, FRN) that is not callable (as opposed to a callable floater). In other words, it...

Non-Callable Floater

A floater (floating rate note, FRN) that is not callable (as opposed to a callable floater). In other words, it...

Non-Statutory Reserve

Any types of reserves that are created and allocated for a specified purpose but not established by a statutory or...

Nominal Value

The value that is stated on a coin or banknote (monetary assets). Nominal value refers also to the face value...

Notional Value

The nominal value or face value of a financial instrument, on which payment of interest or payoff is based and...

Non-Recourse LCLN

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...