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Collared FRN with Participating Caps and Floors

An FRN that is embedded with increased participation mechanism. In other words, the holder can get more participation levels as...

Collared Floating-Rate Note

A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…

Stepped Capped FRN

A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…

Leveraged Floored FRN 

A floored FRN in which the minimum coupon that is linked to the underlying floating rate (short-term rate, such as...

Leveraged Inverse FRN

An inverse FRN whose coupon moves inversely with respect to interest rates by more than one for one. The note...

Barrier FRN 

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

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...

Knock-Out FRN

A barrier FRN in which the coupon is deactivated (knocked-out) if the reference interest rate exceeds or falls below a...

Uncapped FRN

A floater (FRN, floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a...