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Flip-Flop FRN

A floating-rate note (FRN) that gives the bondholder the right to convert a note with a long maturity date or...

Credit Spread

The yield spread between non-Treasury securities and Treasury securities, all having identical features in exception of credit rating. Both are...

Vanilla Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Plain Vanilla Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Straight Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Mismatch Floating-Rate Note

A floater (floating-rate note) in which the coupon is payable after more than one coupon period. That is the interest...

Mismatch FRN

A floater (floating-rate note) in which the coupon is payable after more than one coupon period. That is the interest...

Factor Certificate

A structured product (structured certificate) that has a leverage mechanism (constant factor) and is not subject to a knock-out barrier...

Mismatch Floater

A floater (floating-rate note) in which the coupon is payable after more than one coupon period. That is the interest...

Callable Floating Rate Note

A callable note that pays a floating rate coupon for its entire tenor. It allows the issuer to early terminate...