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Fixed-to-Float Bond

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

FCN

It stands for fixed-coupon note; a note that provides the investor with fixed coupon payment over the course of its...

Interest Only

One of two components (strips or tranches) of a mortgage-backed security (MBS) or other types of mortgage structured products (e.g.,...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...

Fixed Coupon Note

A note that provides the investor with fixed coupon payment over the course of its life, typically ranging from two...

Fixed Strip IO

An interest-only (IO) which entitles its holder to receive a fixed coupon stripped off a collateral weighted average coupon (WAC)....

Fixed Rate IO

An interest-only (IO) which the rate is fixed at a level lower than the actual interest payments on the underlying...

Dual Index FRN

An abbreviated form for dual-index floating-rate note; a bond/ note with a coupon that depends on two different floating-rate indexes....

Dual Index Note

A note whose coupon rate is linked to the difference between two active market indexes. such as the difference between...

Dual Option Bond

A bond that contains an embedded option granting the holder the right to choose currencies for interest payment and principal...