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Arbitrage Collateralized Debt Obligation

A securitized product (a type of collateralized debt obligations – CDOs) that originates obligations collateralized or backed by a pool…

LTLSS Note

A leveraged super senior note (LSS note) (a synthetic collateralized note) that is associated with a loss trigger. More specifically…

Loss-Triggered Leveraged Super Senior Tranche

A leveraged super senior tranche (a synthetic collateralized tranche) that is associated with a loss trigger. More specifically, it involves...

Street Name

The name of a brokerage firm which buys stock on behalf of a client (and as a result holds the…

Tri-Party Repo

A type of repo in which a three-way agreement is entered into to facilitate settlement and daily margining. The three...

Margin Spiral

The rush by cash borrowers (collateral providers) to withdraw their securities posted as collateral to a dealer (broker-dealer) through deals...

Haircut Spiral

The rush by cash borrowers (collateral providers) to withdraw their securities posted as collateral to a dealer (broker-dealer) through deals...

Collateral Run

The rush by cash borrowers (collateral providers) to withdraw their securities posted as collateral to a dealer (broker-dealer) through deals...

Collateral Run

A situation that is characterized by a rush by borrowers to get their collateral back from broker-dealers (the lenders). Such...

Repo Run

A situation that arises when market news causes information-insensitive collateral assets, in a repo transaction, to become information sensitive. The...