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Loss Absorption Mechanism Trigger

A feature that is embedded in a contingent convertible bond (CoCo bond) whereby it would would convert to equity or...

LAM Trigger

It stands for loss-absorption mechanism trigger; a feature that is embedded in a contingent convertible bond (CoCo bond) whereby it...

AT1 CoCo Bond

It stands for additional tier-1 CoCo bond; a capital instrument that is subject to specific terms and conditions for eligibility...

Accounting Trigger

A trigger point that occurs when the capital ratio of a bank (issuer of CoCo bonds) falls below a specific...

Straight Through Processing

A mechanism which is developed to automate the end-to-end processing of transacting in financial instruments, replacing the conventional T+3 trading…

Simple Interest

The interest that is calculated only on the principal amount or on a portion of the principal that is still…

Senior Debt

A debt that takes priority over other classes of debt such as unsecured or “junior” debt owed by the issuer.…

Solicited Real-Time Promotion

A real-time promotion which is initiated on the request of the client/customer. Such a promotion, in some jurisdictions like the…

SIB

It stands for systemically important bank; a bank (or a banking institution) that is identified by a regulatory authority as...

Systemically Important Bank

A bank (or a banking institution) that is identified by a regulatory authority as potentially important within the financial sector...