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CCN

It stands for contingent capital note; a type of contingent convertible (CoCo)- contingent convertible bond- that is designed to automatically...

Contingent Capital Note

A type of contingent convertible (CoCo)- contingent convertible bond- that is designed to automatically recapitalize systemically important financial institutions (SIFIs)...

PWD

It stands for principal write-down; a write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence...

Principal Write-Down

A write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence of a trigger event. In...

CoCo Risk

The risk that CoCo investors are exposed to. This risk arises from both the issuer of the CoCo, and the...

CoCo Basis

A measure of the basis between the spreads of CoCos (CoCo spread) and other risky securities from the same issuer....

Perpetual Contingent Convertible Bond

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

Perpetual CoCo Bond

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

Principal Write-Down CoCo

It stands for principal write-down contingent convertible (CoCo); a contingent convertible in which the principal is written down (as a...

PWD CoCo

It stands for principal write-down contingent convertible (CoCo); a contingent convertible in which the principal is written down (as a...