The ordinary type of a repo which entails that two parties enter into a contract to trade securities (bonds, stocks,...

An out-of-the-money convertible; a convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...

All past unpaid dividends on preferred stock containing a cumulative dividend feature. That means dividend payments on cumulative preferred stock...

A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be...

A convertible holder indirectly owns a specific number of shares (for which the convertible bond will be exchanged eventually), but...

A distribution of a company’s earnings to its stockholders on a proportional (pro-rata) basis. In other words, a dividend is...

An autocall with a single asset as underlying. It is the simplest autocall structure as its performance depends on the...

The cash or cash-equivalent proceeds that can be realized by hurriedly liquidating an investment, like an asset or a host...

A form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill Lynch in 1985. This note was...