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MTN

It stands for medium term note; a corporate fixed-income security that is offered intermittently or continuously by an agent of...

PCFP

It stands for put-call-futures parity; the relationship between the prices of calls (call options), puts (put options), and futures (futures…

PAC Schedule

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

HFTFA

A financial asset (FA) that is held for the purpose of selling or repurchasing it in the short term. It...

HFTFL

A financial liability (FL) that is assumed by an entity for the main purpose of selling or repurchasing in the...

VFA

It stands for variable fee approach; with respect to an insurance contract with direct participation features, it is the applicable...

Auto-Callable ARBN

An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…

Agency CMO

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

Non-Binding MPO

It stands for a non-binding murabaha to the purchase orderer; A non-binding MPO is a murabaha to the purchase orderer...

PO

It stands for purchase orderer; the purchasing party to a murabaha to the purchase orderer (MPO) (or broadly a murabaha...