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Start Leg of a Repo

A repo leg that involves the delivery of collateral assets/ repo collateral (securities) against payment of an amount of money...

Safekeeping Repo

A repo (repurchase agreement) under which the collateral (posted by the repo seller) is not handed over to the cash...

Synthetic Repo

A repo (repurchase agreement) that is created "synthetically"- that is, from different components- rather than the classic repo in order...

Static Spread

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

Special Dividends

A distribution of company profits (distributable dividends) to equity holders (shareholders) either as a lump sum amount that would be...

Structured Certificate

A certificate of investment that represents an amount of money surrendered or deposited with an entity (e.g., a bank, institutional...

Structured Note

A debt security that is issued by a financial institution on an underlying such as a single equity, equity indexes,...

Soft Asset

Broadly speaking, it is an asset that is intangible/ non-physical, such as goodwill, corporate reputation, brand recognition and intellectual property....

Sub-Prime Swap

A swap (a bond swap or a broadly an asset swap) that entails the exchange of an underwater asset (a...

Sinking Fund Bond

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...