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CSA

It stands for credit support annex; a collateral arrangement the purpose of which is to mitigate counterparty risk in an...

High-Low FRN

A floating rate note (FRN) which is designed as a yield enhancement instrument. It has a premium rate that is...

FR Tranche

It stands for floating rate tranche; a CMO tranche in which the monthly coupon rate is typically set equal to...

CCDS

It stands for contingent credit default swap; a credit default swap (CDS) which is “contingent” upon the setting-off of two...

Contingent CDS

A credit default swap (CDS) which is “contingent” upon the setting-off of two triggers. The first, as in an ordinary...

MRP

It stands for market risk premium; in accounting, market risk premium basically has two distinct meanings: "market risk" premium and...

NFT

It stands for non-fungible token; a type of cryptographic asset whose ownership is established by a unique digital certificate held...

KO Floater

It stands for knock-out floater; a barrier floater in which the coupon is deactivated (knocked-out) if the reference interest rate...

KISS

An abbreviation for keep it simple, stupid!. The language of derivatives (such as delta, DV01, vega, gamma, notionals, vol-vol, fugit,...

RVPI

An acronym for residual value to paid-in ratio; a return multiple that measures the net asset value (NAV) of a...