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A guarantee placed on a loan on behalf of the borrowing party by the borrowing party's parent company or stockholder. By guaranteeing the loan for its sub[阅读全文:]
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1. A U.S. denominated bond that trades outside of the United States. Along with the principal, any coupon payments from the bond are paid in U.S. funds.
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Dollar duration measures the dollar change in a bond's value to a change in the market interest rate. The dollar duration is generally used by professi[阅读全文:]
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Percentage of par, or face value, that a bond is quoted at. The other way bonds are often quoted is in terms of their yield.
|||For example, i[阅读全文:]
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A type of repurchase transaction in the mortgage pass-through securities market in which the buy side trade counterparty of a "to be announced" (TBA) [阅读全文:]
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A call provision added to fixed income securities that allows for early redemption by the issuer if certain conditions are favorable.
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A municipal general obligation bond in which the cash flows are pledged by two distinct and different entities. One entity will make interest payments, and[阅读全文:]
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The status accorded to municipal bonds for which interest is not subject to taxation at either the federal or state level. In general, most states do not t[阅读全文:]
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A sinking fund provision that gives a bond issuer the right to redeem twice the amount of debt when repurchasing callable bonds. A doubling option allows t[阅读全文:]
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A series of indices that track North American and emerging market credit derivative indexes. The purpose of the combined indexes is to track the performanc[阅读全文:]