The difference between the CDS spread and par equivalent CDS spread: PECS basis = CDS spread - PECS It captures...

The danger (risk) that some unexpected event will take place and increase the credit risk of an issuer, hence badly...

A floater (floating-rate note) that gives the bondholder the right to convert a note with a long maturity date or...

A bond that has an embedded option that allows investors to switch between two types of securities. For instance, an...

A floater (floating-rate note) that gives the bondholder the right to convert a note with a long maturity date or...

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullet securities (bullets)...

A floating-rate note (FRN) in which coupon rates (coupon reset rates) are subject to an upper limit. Like standard FRNs,...

A floater (floating-rate note/ FRN) whose principal never matures, i.e., it doesn't have a redemption payment and only makes perpetual...

The interest rate is said to be simply compounded (simple compounding) if it is paid at the end of the...

The removal of interest coupons attached to a bearer bond so that the bearer might submit them to a bank...