A structured product that is linked to an underlying asset with the ability to automatically mature or kick out prior...

A bond whose coupon is lower than the market rate of interest (prevailing yield) at the time of issue. This...

Any coupon or interest that the borrower, in securities lending arrangements, receives and is contractually bound to pass on to...

A bond swap that entails swapping substitute bond issues experiencing short-term imbalances in yield spreads. The imbalance will correct itself...

A tracker certificate which gain in value when the price of the underlying goes down, and vice versa. Such a...

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

A bond that is issued by a developing country or a less developed country (LDC) as a voluntary debt relief...

A trade that involves the sale of one bond and the use of the proceeds to purchase a different bond...

A bond that is issued in small denominations, i.e., for a par value less than $1,000, usually $500 to $25....

A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will...