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Banking

Acceleration Covenant

A provision that is usually stipulated in, or attached to, a debt instrument or swap agreement, by virtue of which…

SPAN

Abbreviation for spread-adjusted note; a debt instrument that bears a base rate fixed or linked to a sovereign rate (Treasury…

Spread-Adjusted Note

A debt instrument that bears a base rate fixed or linked to a sovereign rate (Treasury rate) and a specific…

CRAN

It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…

Debt Instrument

A financial instrument that constitutes a debt issued by an entity, as a liability, (and hence it is held by...

Callable RAN

A debt instrument (range accrual note) where the issuer has the option (call option) to redeem (call) the note at...

Callable Range Accrual Note

A debt instrument (range accrual note) where the issuer has the option (call option) to redeem (call) the note at...

ILS

It stands for index-linked security; a note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption...

Index-Linked Security

A note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption (principal) amounts are linked to...

Index-Linked Note

A note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption (principal) amounts are linked to...