The rate of return which is quoted on bonds on the basis of simple interest, i.e., without accounting for the...

A note or bond whose coupons are based on the difference between two floating-rate indexes. Typically, these notes or bonds...

A tool that measures the average length of time the holder of a bond has to wait before receiving cash...

A hedge that involves offsetting an exposure to a risk factor, wholly or partially, by an opposite exposure to that...

A variant of the Altiplano protected note which provides a series of annual worst-of knock-out coupons, rather than one at...

The net interest accrued on a bond since its last ex-dividend date. The following formula is usually used to calculate...

An abbreviated form for bond ex-dividend; the interval between the announcement of a coupon and the payment date. If a...

A three-party negotiable instrument which represents an unconditional, written order issued by a natural or legal person (the drawer) instructing...

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

The constrained right of an issuer to redeem a convertible from holders before the passage of a specific period of...