A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continous…

An accrual note (accumulation note) in which the initial price is below par, while it has a zero-coupon or very…

A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In…

A bond that trades in the market at its par value (face value). In other words, parity implies that the...

A floating rate note (floater) in which the required return equals the quoted margin. When the required return is the...

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

A measure of the creditworthiness of a bond. It sets the bond’s Z-spread curve against the CDS contract (CDS spread)....

Trading a debt security like a bond/ note at a price equal to its par value (face value). Face value/...

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...