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Convertible Par

The face value of a convertible, i.e., the value that a holder redeems at maturity. The market price of a...

Dilution Factor

Dilution is the extent to which shareholder value erodes due to transfer of value created by their share holdings to...

Trigger BRC

It stands for trigger barrier reverse convertible; a variant of barrier reverse convertible (BRC)- a structured product- which is structured...

Trigger Barrier Reverse Convertible

A variant of barrier reverse convertible (BRC)- a structured product- which is structured in a way that if on the...

Dirty Price of a Convertible

The price of a convertible as quoted inclusive of accrued interest. Some Euroconvertibles such as French convertible bonds are normally...

Omicron

With respect to a convertible bond, it is the change in the bond price resulted from a single basis point increase in the...

DRC

In connection with convertibles, it stands for discount reverse convertible; a reverse convertible which consists of a zero-coupon bond (discount bond) and a...

Discount Reverse Convertible

A reverse convertible which consists of a zero-coupon bond (discount bond) and a plain vanilla put option. The investor issues the put option (short put)...