FRN – Page 7 – Fincyclopedia
Search
Generic filters
Filter by Categories
Accounting
Banking

Floating Rate Note

A medium to long-term debt obligation (note) that has its coupon rate linked to some reference interest rate (specifically a...

SURF

It stands for step-up recovery floating-rate note; a floating-rate note (floater or FRN) that typically pays 50% of a Constant-...

Step-Up Recovery FRN

A floating-rate note/ floater (FRN) that typically pays 50% of a Constant- Maturity Treasury (CMS) rate plus a specific spread...

Accrual Range FRN

A floating rate note (floater or FRN) that pays a coupon whose amount depends on the times a floating rate...

Ratchet Collared FRN

A collared FRN in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...