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  • Thursday, November 21, 2024
  • The Financial Encyclopedia

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FX Target Accrual Redemption Note

A target accrual redemption note (TARN) (basically, a long-dated FX product) which allows counterparties to link to floating-rate benchmarks in...

    FX Target Redemption Note

    A long-dated FX product which allows counterparties to link to floating-rate benchmarks in the funding currency. This target redemption note (TARN), as the...