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Par Yield

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...

Coupon Indexed Floater

A floating-rate note (floater) in which the periodic coupon depends on the performance of some embedded option with an underlying...

Odd Coupon

An interest payment on a bond that is more or less than interest payment of typical six months. This is...

Irregular Coupon

An interest payment on a bond that is more or less than interest payment of typical six months. This is...

Swap BPV

The basis point value (BPV) of a swap is the amount by which the swap's value changes in response to a change of one basis...

Swap Coupon

The fixed-rate of interest on the fixed-rate leg of an interest rate swap or a currency swap (or any similar structures). More specifically, swap...

Reset Bond

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so...

Step-Coupon Bond

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so that...

Quoted Margin

Commonly, it is the additional amount (spread) that the issuer of a debt instrument (such a bond or a floater)...

IO Swap

It stands for interest-only swap; a form of cross currency swap that entails no exchange of principal in two different...