In general, it is a method to determine how the monthly interest and principal cash flows are allocated among all...

A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...

A convertible which is embedded with a par-strike put option prior to final maturity. In other words, the holder has...

It stands for yield enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium...

The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...

A bond swap that involves swapping a relatively high-price bond with a relatively low-price bond (otherwise, the two bonds are...

The difference between the CDS spread and par equivalent CDS spread: PECS basis = CDS spread - PECS It captures...

The danger (risk) that some unexpected event will take place and increase the credit risk of an issuer, hence badly...

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

A bond that has an embedded option that allows investors to switch between two types of securities. For instance, an...