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General Collateral

Broadly, it is a category of collateralized securities (known as eligible collateral) with identical credit quality, and as a result...

GC

It stands for general collateral; broadly, it is a category of collateralized securities (known as eligible collateral) with identical credit...

GC Repo

An abbreviation for general collateral repo; a repo agreement in which the lender of cash accepts any securities that are not special...

Specialness Spread

The spread that measures how special a security is seen in the repo market. It is the spread between the...

Specific Collateral Rate

A repo rate that corresponds to special collateral such as Treasury securities that are on the run or have recently been issued. This rate...

Specialness Repo

The spread between the general repo rate and the special repo rate. It can be viewed as a repo dividend (it...

Special Repo Rate

A repo rate that corresponds to special collateral such as Treasury securities that are on the run or have recently been issued. This rate...

Warrant Intrinsic Value

A component of the value of a warrant (warrant value) that is measured as the difference between its underlying share price and...

Non-Principal Protected Autocallable Equity Linked Structured Product

An equity-linked structured product that allows the investor to potentially profit from the underlying stock performance. To that end, the investor can...

Lemons Problem

A market problem that arises due to information asymmetry between investors and entrepreneurs, leading to the break down of capital...