An acronym for root cause analysis; an analytical tool that is used by managers to track down the very essence...

It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...

A non-standard interest rate cap in which the rate used is a swap rate with a constant maturity. For example, a CMS cap could...

A basis point (bps or BP) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million...

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

It stands for principal protected note; a structured note that guarantees capital (hence the name: capital protection note). This note...

It stands for money-market derivative: a short-term interest rate derivative that is used in money market trading and hedging. Examples of money market derivatives...

It stands for intercontinental exchange rate. By definition, it is the mid-price for interest rate swaps (the fixed leg) and...