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Reverse Floating-Rate Note

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

Range Floating-Rate Note

A floating-rate note (FRN) in which a higher coupon is paid should a particular reference rate is within a specific...

Min-Max Floater

A floating-rate note (floater) whose coupon payments fall within an embedded collar. This means the coupon is capped at a...

Prime FRN

A floating-rate note (FRN) in which coupons are based on the prime rate. Prime is a short-term, floating rate of...

Knock-in Floating Rate Note

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

Prime Floating-Rate Note

A floater (floating rate note) in which coupons are based on the prime rate. Prime is a short-term, floating rate...

Putable FRN

A floating rate note (FRN) that can be given back to the issuer by the holder at put price before...

Puttable FRN

A floating rate note (FRN) that can be given back to the issuer by the holder at put price before...

Hedged Inverse Floating Rate Note

A combination of an inverse floating-rate note and a principal currency swap which is designed to hedge a direct exposure...

Perpetual Floating Rate Note

A floating rate note that that has no redemption date (maturity date), i.e., whose principal never matures. The note only...