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Banking

Banker’s Acceptance

A money-market instrument which constitutes a time draft drawn on and accepted by a bank. A banker’s acceptance (BA) provides…

Hybrid Financial Product

A financial product that combines two products or more, or that combines a specific number of products with add-on features...

Hybrid Product

A financial product that combines two products or more, or that combines a specific number of products with add-on features...

Excess Spread

A type of credit enhancement that represents the difference between the interest rate received on the underlying collateral (in a...

USGG9M

The index of US government bonds with a 9-month maturity (9-month notes or in general 9-month treasuries). It measures the...

CD Rate

The interest rate which a certificate of deposit (CD) bears. CD rates are fixed for the term of the CD,…

Best Efforts

One of the two principal methods of conducting an initial public offering (IPO), in which the underwriting syndicate doesn’t buy…

USGG6M

The index of US government bonds with a 6-month maturity (6-month notes or in general 6-month treasuries). It measures the...

USGG3M

The index of US government bonds with a 3-month maturity (3-month notes or in general 3-month treasuries). It measures the...

Reserve Account

A form of credit enhancement in which a cash reserve is set up, in connection with a debt issue, from...