A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

It may stand for structured trade finance; a type of debt finance that involves a structure consisting of multiple trade...

An acronym for single-tranche collateralized debt obligation; a synthetic structure that consists of a single tranche. It is simpler than…

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

It stands for tranche thickness loss multiple; in relation to a tranche and tranche thickness, it is the loss coverage...

Introduced by Jack Treynor (1961, 1962), William Sharpe (1964), John Lintner (1965) and Jan Mossin (1966) independently, and capitalized on...

It stands for forward-starting CDO; a single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time…

It stands for inverse floating rate tranche; a tranche that is created from the collateral tranche (in a CMO structure),...

It stands for floating rate tranche; a CMO tranche (or a tranche in a similar structure) in which the monthly...

It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…