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Present Discounted Value

The value (also known as present value) that is calculated today for a stream of future payments associated with, i.e.,...

Premium

The premium or agio (from Greek: allag = exchange) for securities (debt securities) such as bonds is the amount by...

PV

It stands for present value; the value that is calculated today for a stream of future payments associated with, i.e.,...

Present Value

The value that is calculated today for a stream of future payments associated with, i.e., generated from, an instrument/ a...

Protected Tracker

A participation product (a tracker product, or simply a tracker) that provides a full participation (1:1) in the underlying, typically...

PPC

It stands for profit participation certificate; a certificate that combines specific elements of shares and bonds. It entitles the holder...

Profit Participation Certificate

A certificate that combines specific elements of shares and bonds. It entitles the holder to a profit interest, repayment or...

PWD

It stands for principal write-down; a write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence...

Principal Write-Down

A write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence of a trigger event. In...

Perpetual Contingent Convertible Bond

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...