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

The price at which an asset or service is paid by a willing buyer to a willing seller under normal...

A feature of a structured product (such as an absolute return barrier note) whereby the issuer can, at any observation...

A bond that pays a fixed amount of interest (coupon) for a specific period of time and then turns into...

A structured product (structured certificate) that provides leverage (gearing), both upside and downside, so that every incremental movement in the...

A type of repo in which a three-way agreement is entered into to facilitate settlement and daily margining. The three...

A type of floating rate repo (variable rate repo) which is linked to a term index such as LIBOR or...

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

One of an array of related securities (security issues), each of which is characterized by different return patterns, cash flows,...

A synthetic CDO tranche in which the CDO investor pays the notional amount of the tranche at inception, and the...