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Banking

Current-Coupon Issue

An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...

Benchmark Bond

A standard bond against which the performance of other bonds is related or measured. Government bonds (of stable and credit-worthy...

Benchmark Issue

An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...

Bellwether Issue

An issue of debt securities that carries an interest rate very close to the prevailing market rates (in the secondary...

Issuer Swap

A swap by which a low-rated issuer can sell its debt under the name of another issuer. A low-rated bank...

In-The-Money Warrant

A warrant whose exercise price is below the price of its underlying at a given point in time. In other...

Formula Value

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

Bond Dividend

A type of liability dividend that is paid to stockholders in the form of bonds. In this sense, stockholders become...

Bond Ex-Dividend

The interval between the announcement of a coupon and the payment date. If a bond trades during this period of...

Bellwether

A stock, index, bond, or other financial instrument that signifies, foretells or spearheads the direction of a market, industry or...