It stands for principal only tranche; a tranche, part of an IO/ OP structure, that receives only the principal repayment...

A tranche (constituting a type of asset-backed security, ABS) that gives the investors more certain cash flows thanks to its...

It stands for planned amortization class tranche; a tranche (constituting a type of asset-backed security, ABS) that gives the investors...

Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…

A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…

A bond whereby an investor can cash in a security prior to its maturity date if the issuer becomes subject…

A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…

A provision, attached to a puttable bond, which allows the bondholder to put (give back) the bond to the issuer…

The memory of a phoenix (phoenix product) that allows the holder, as an option, to change the manner in which...

A phoenix autocall that has no memory. In other words, it is an income product (income-paying structure) that provides a...