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Delivery Repo

A standard, two-party repo (classic repo) where the party receiving cash (borrower) delivers securities to the cash provider (lender). In...

Payment In Kind

The interest or dividend income that is paid by a borrower through the issuance of debt or stock (new securities)...

PIK

An abbreviation for payment in kind. It refers to interest or dividend income that is paid by a borrower through...

Venture Factoring

A type of factoring (asset-backed lending) that provides financing to start-up firms (ventures) by purchasing their accounts receivable. This is...

Notification Factoring

A type of factoring in which the buyers (end customers) are notified that their accounts (i.e., payables) have been factored-...

Special Repo

A repo agreement in which a special collateral (SC) is posted by the borrower as requested by the lender, who...

General Repo

A repo agreement in which the lender of cash accepts any securities that are not special in the market and...

General Repo Rate

A repo rate that is associated with general collateral securities such as Treasury bonds and notes, mortgage-backed securities, agency-sponsored securities, etc. It is...

Indexed CD

A certificate of deposit (CD) whose interest rate is tied to the performance of a market index, such the S&P500,...

Indexed Certificate of Deposit

A certificate of deposit (CD) whose interest rate is tied to the performance of a market index, such the S&P500,...