Abbreviation for spread-adjusted note; a debt instrument that bears a base rate fixed or linked to a sovereign rate (Treasury rate) and a specific spread linked to the credit spreads prevailing in the market at given reset dates over the life of the instrument. This note is a variation on a credit-sensitive note (CSN).
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments