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TRACES

An acronym for trust automatic common exchange security; a hybrid equity security (equity linked security, ELS), that constitutes a trust-originated...

Trust Automatic Common Exchange Securities

A hybrid equity security (equity linked security, ELS), that constitutes a trust-originated preferred stock convertible to common equity (common stock)....

Trust Enhanced Dividend Securities

A category (or issue) of a mandatory convertible (a trust preferred) that is embedded with a mandatory conversion feature, backed...

TrENDS

It stands for trust enhanced dividend securities; a category (or issue) of a mandatory convertible (a trust preferred) that is...

TIDES

It stands for term income deferred equity security; a structured convertible (a convertible preferred security)/ a mandatory convertible security) that...

Term Income Deferred Equity Securities

A structured convertible (a convertible preferred security)/ a mandatory convertible security) that are convertible into the common stock of an...

PIES

It stands for premium income equity security; a mandatory convertible that represents a hybrid security consisting of a stock purchase...

Premium Income Equity Securities

A mandatory convertible that represents a hybrid security consisting of a stock purchase contract (equity component) requiring the holder to...

PEPS

It stands for premium equity participating security; a mandatory convertible (a trust convertible preferred security, trust CPS) that represents a...

Premium Equity Participating Security

A mandatory convertible (a trust convertible preferred security, trust CPS) that represents a contract to purchase common stock at a...