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Reverse FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Hybrid Fixed-Rate Reverse Floating-Rate Note

A floater (FRN) that pays a high fixed rate coupon for an introductory period (first one or two years), then...

Bull FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Barrier Floating-Rate Note

A floating-rate note in which the coupon is activated (knocked-in) or deactivated (knocked-out) if the reference interest rate exceeds or...

Bull Floating-Rate Note

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

Step-Up Cap

A cap structure that limits interest payment increase to a specific amount (called a jump) at each date the underlying...

Ratchet Floater

A structured note (FRN) that pays a floating interest rate referenced to a popular market rate such as LIBOR. Each...

Fake Perpetual Floating-Rate Note

A perpetual FRN (perpetual floating rate note) which contains a call option given to the issuer. However, if the issuer...

Floater

Also floating rate note (FRN). It is a note bearing a variable interest rate which is usually readjusted every six...

Capped Floater

A floating-rate note (floater) which entails the payment of a coupon only up to a preset maximum level of the...