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Par Floater Spread

The quoted margin for a par floater. In other words, it is the spread over a floating rate (e.g., LIBOR)...

Stepped Spread Floater

A floating-rate note (floater) that comes with a changing quoted margin. That means the quoted margin changes at certain intervals...

Par Floater

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

Floating Rate Security

A financial security whose coupon rate is not fixed over its life. The coupon payments reset periodically according to a...

Dual Indexed Floater

A floater whose coupon rate is typically the difference between two reference rates plus (or minus) a fixed percentage (quoted...