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Near Perfect Floater

A floater that is embedded with caps or collars (caps and floors) so that the floating rate movement (adjustment) is…

Near Perfect FRN

An FRN that is embedded with caps or collars (caps and floors) so that the floating rate movement (adjustment) is…

Elf-X Option

It stands for equity-linked foreign exchange option; a compo option that gives the holder the right to trade a foreign…

Deferred Floor

A floor (interest rate floor) which provides protection against interest rate downward fluctuations for a future period starting at some…

Average Rate Floor

An interest rate floor (i.e., a contract on a minimum interest rate) whereby the seller pays the buyer, at periodic…

Floored Floater

A floater that provides capital guarantee to the holder (it is a capital guaranteed product). It pays a yearly, semi-annually…

Actual Stop

A stop order that a client (investor) actually places with his broker and is thus found its way to the…

Floating-Rate CMO

A collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that is tied to a reference interest rate.…

Auction

A market system in which buyers bid against each other to reach the selling price of the security or instrument…

CMO FRN

An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…