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NPA

It stands for non-performing asset; an interest-bearing (interest-paying) asset, such as a debt instrument or loan, that is not currently...

Notional Value

The nominal value or face value of a financial instrument, on which payment of interest or payoff is based and...

Drawdown Swap

An interest rate swap whereby the notional principal amount (NPA) grows over its time to expiration. Such a swap is…

Flavored Currency Swap

Unlike a plain vanilla currency swap, a flavored currency swap is a more complicated structure that eases up specific standard…

Step-Up Swap

An interest rate swap (IRS) in which the fixed-rate payments are increased over the term of the swap and up...

Fixed Notional Swap

A swap whose notional principal amount (NPA) doesn't vary over its tenor. Each cashflow is calculated using a constant notional...

Amortizing Cap

An interest rate cap in which the successive caplets cover decreasing notional principal amounts. In other words, the notional principal...

Notional Value

The nominal value that is used to calculate swap payments. For example, in an interest rate swap, each period's interest rates are...

Amortizing Option

An option whose underlying asset is an interest rate (hence called: an interest rate option) or an interest rate swap...

Amortizing Collar

An interest rate collar (collar - collar option) which covers notional principal amounts (NPAs) decreasing on a scheduled basis. Amortization...