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DEMAT

A short form for dematerialisation/ dematerialization; the process that eliminates physical records (certificates or documents) of title indicating ownership of...

NCC

It stands for net credit cap; an upper or maximum limit (cap) that is placed on the credit exposure (credit...

RFR

It stands for risk-free rate; the interest rate that would exist on a riskless asset/ investment/ security, given that expected...

PDV

An acronym for present discounted value; the value (also known as present value) that is calculated today for a stream...

PV

It stands for present value; the value that is calculated today for a stream of future payments associated with, i.e.,...

CC

It stands for capped call; a structured product that does provide full, or at least partial, capital protection subject to...

UC

It stands for uncapped call; an uncapped capital protection product that replicates the payoff of a call option. It offers...

RMBS

It stands for residential mortgage-backed security; a debt security that pays out based on payments from a pool of individual...

CPN

An acronym for capital protected note; a capital protected product/ instrument that pays back the protected amount at the end...

PPC

It stands for profit participation certificate; a certificate that combines specific elements of shares and bonds. It entitles the holder...