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ASW Spread

An abbreviation for asset swap spread; a spread that is usually paid (when necessary) by the seller of an asset swap, in addition to...

Destructured Asset Swap

An asset swap that is combined with a structured note. The swap is effectively used to convert the note into…

CB Asset Swap

It stands for convetible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,…

Callable CB Asset Swap

An asset swap which has a callable convertible bond (CB) as underlying. The underlying convertible bond is associated with a…

CB Stripping

The process of breaking up a convertible bond (CB) into two structured products: an asset swap (credit component) and a…

Remarketable Asset Swap

Also a callable asset swap. It is an asset swap in which the seller retains a call option on the...

Convertible Asset Swap

An asset swap whose underlying is a convertible security. In terms of composition, it is a combination of an asset…

Par Floater Asset Swap

An asset swap on a par floater (a floater selling at par, i.e., one in which the required return equals...

CAS

It stands for callable asset swap; an asset swap in which the seller retains a call option on the underlying...

RRS

It stands for relative return swap; an asset swap which pays at a series of pre-determined dates (fixings) the relative...