In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...

In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...

An inverse FRN whose coupon moves inversely with respect to interest rates by more than one for one. The note...

The interest payment (coupon) on an inverse floater; the floater offers a coupon that increases when interest rates fall and...