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TWAP

It stands for time-weighted average price; the average price of securities or contracts over a specific period of time. It...

EIM

It stands for effective interest method; an method/ technique whereby the amortized cost of a financial asset or a financial...

OADV01

It stands for option-adjusted DV01. With respect to bonds, it is the bond dollar value of one basis point (0.01%)...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...

IV

It stands for intrinsic value; in the context of options (stock options) and similar instruments (tradable and non-tradable), it is...

SURF

It stands for step-up recovery floating-rate note; a floating-rate note (floater or FRN) that typically pays 50% of a Constant-...

Step-Up Recovery FRN

A floating-rate note/ floater (FRN) that typically pays 50% of a Constant- Maturity Treasury (CMS) rate plus a specific spread...

YES

It stands for yield enhanced stock; a type of equity derivative; by definition, it is a type of convertible preferred...

IV

It stands for intrinsic value; generally, it is the effective monetary advantage which would be obtained when an option is...

ATM Call

An at-the-money option (call option) in which the strike price is equivalent or approximately equal to the underlying asset's price....