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Participation Product

A financial product that is designed to allow the holder/ investor to participate in (i.e., get an advantage of) the...

Financial Product

An arrangement/ instrument/ contract that represents a financial means by which a person (natural or legal) can make an investment,...

Barrier Discount Certificate

A discount certificate (belonging to the broad category of yield enhancement products) that allows the holder to invest indirectly in...

Spread Certificate

An outperformance certificate that features, and whose performance depends on, a spread with an upper and a lower limit set...

Trigger ACYN

An autocallable contingent yield note (ACYN) that represents an unsubordinated, unsecured debt obligation issued a firm (the issuer), linking it...

Trigger Autocallable Contingent Yield Note

An autocallable contingent yield note (ACYN) that represents an unsubordinated, unsecured debt obligation issued a firm (the issuer), linking it...

Premium Bond

A bond that is issued at a price above its face value (par value) or whose market price exceeds its...

Outperformance Certificate

A certificate that allows investors to participate disproportionately in the price gains compared to a direct investment in a security,...

PDV

An acronym for present discounted value; the value (also known as present value) that is calculated today for a stream...

Present Discounted Value

The value (also known as present value) that is calculated today for a stream of future payments associated with, i.e.,...