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Synthetic ETF

An exchange-traded fund (ETF) that does invest in assets in indirect way, through certain contracts or structures. For example, instead...

Debt-Like Hybrid Security

A security (hybrid security) that has, in addition to debt features, other additional features, particularly its convertibility to equity and...

Junior Debt

A classification of debt (whether in the form of loans, securities or similar items) that ranks below other classes of...

Subordinated Debt

A classification of debt (whether in the form of loans, securities or similar items) that ranks below other classes of...

Debt-Like Hybrid Capital

A type of capital that consists of hybrid elements (combining both debt and equity), with significant debt features. The debt...

Equity Preferred

A preferred that has the features of equity (e.g., common stocks) without a fixed maturity date. Equity preferred stocks are...

Preferred Securities

A fixed-income security (investment) that bears certain equity-like features. It is mainly issued by large banks and insurance firms. Preferred...

Perpetual Preferred

A preferred that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation in...

Innovative Capital

A sort of capital that is formed from, and consists of, both equity and debt components. In other words, it...

Fixed Rate Perpetual Preferred Share

A perpetual preferred share that pays a fixed dividend. The fixed dividend rate is set at a fixed monetary amount...