It stands for mortgage-backed security; a security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage...

A security (specifically, a type of asset-backed security, ABS) which is secured by a mortgage or pool of mortgages. The...

The risk that CoCo investors are exposed to. This risk arises from both the issuer of the CoCo, and the...

A measure of the basis between the spreads of CoCos (CoCo spread) and other risky securities from the same issuer....

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

A contingent convertible (CoCo) bond that has no set maturity date. Like any perpetual bond (perp or consol bond), this...

The yield spread for a given issuer that is added to the yield for the corresponding maturity of the on-the-run...

For an issuer, a fixed-income product is a form of debt that it is obliged to service (in terms of...

A commitment by a company to buy back its stock should its price drop below a specific level. Effectively, repurchasing…

An index participation unit which constitutes a basket product whose components are not supported by physical securities. That means this…