摘要:
The exchange of a convertible type of asset into another type of asset, usually at a predetermined price, on or before a predetermined date. The conversion[阅读全文:]
摘要:
A preferred, floating rate issue, whose interest rate is tied to Treasury security rates. They can be exchanged for common stock or cash after the next per[阅读全文:]
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An investing strategy that involves the long position on a convertible security and a short position in its converting common stock.
|||This [阅读全文:]
摘要:
An arbitrage strategy that aims to capitalize on mispricing between a convertible bond and its underlying stock. The strategy is generally market neutra[阅读全文:]
摘要:
A security similar to a traditional convertible bond in that there is a strike price (the cost of the stock when the bond converts into stock). What differ[阅读全文:]
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A variation on the credit default swap (CDS). In a simple CDS, payment under the swap is triggered by a credit event, such as non-payment of interest. In a[阅读全文:]
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A method of fixed income portfolio management, whereby managers are granted significant powers of control over the selection of products to be added and re[阅读全文:]
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A type of bond that's been sold by the World Bank since 1989 in order to finance its operations. The bo[阅读全文:]
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The risk of a security shortening in duration due to the acceleration of prepayments.
|||This risk is mainly due to lowering interest rates. [阅读全文:]
摘要:
One of two ways of calculating the accrued discount of bonds that trade in the secondary market. The constant yield method is an alternative to the ratable[阅读全文:]