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Split Coupon Bond

A bond that is issued as a zero-coupon bond but which converts to a coupon paying bond at a specific...

KO FRN

It stands for knock-out floating rate note; a barrier floating rate note in which the coupon is deactivated (knocked-out) if...

CoBa Note

It stands for coupon barrier autocall note; an autocall note that is subject to a coupon barrier with an opportunity...

CO Swap

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

Inverse Floater Coupon

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

Current Yield of a Bond

The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...

Current Yield

The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

Current Coupon

A bond with a current coupon has an interest coupon very close to the coupons being carried on new issues...

Full Coupon

A bond with a full coupon has an interest coupon very close to the coupons being carried on new issues...

Coupon Frequency

The number of times the exchange of swap coupons (cash flows on both legs) is carried out over the life...