It stands for principal write-down; a write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence...

A write down of the principal of a contingent convertible bond (CoCo bond) upon occurrence of a trigger event. In...

In relation to fungible bonds (funged bonds) and parent bonds, it is a tranche (part of different tranches) that are...

In relation to fungible bonds and parent bonds, it is an event when a parent bond absorbs a fungible bond....

An event to which barrier options (or other derivatives such as warrants, swaps, etc.) are subject for payoff determination. It...

It stands for event of default; an occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to...

An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...

An impaired capacity/ ability of a borrower/ reference entity (in a credit derivative contract/ arrangement) to meet contractual payments, whereby...

An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...

In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...