perpetual floating rate note
1floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate. They first appeared in the 1970s and are usually issued as negotiable bearer bonds. A perpetual FRN has no redemption. A capped FRN is one with a… …
2floating-rate note — FRN A eurobond with a floating rate interest, usually based on the London Inter Bank Offered Rate They first appeared in the 1970s and have a maturity of between 7 and 15 years. They are usually issued as negotiable bearer bonds. A perpetual FRN… …
3Perpetual Note — A floating rate note that has no final maturity, and therefore has no arrangement for repayment of principal. For this privilege, the borrower pays a higher margin over a relevant base interest rate. As they will never be repaid, the notes… …
4perpetual FRN — A floating rate note that is never redeemed. See also flip flop FRN …
5Credit-linked note — A credit linked note (CLN) is a form of funded credit derivative. It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay …
6flip-flop FRN — A perpetual floating rate note (i. e. one without redemption), which can be converted into a short term note of up to four years maturity and back again into a perpetual FRN …
7external liquidity risk — A term defined by the Federal Reserve. The risk that a bank will experience funding problems as a result of factors outside of its direct control. The Federal Reserve defines three types of external liquidity risk. These are geographic (such as… …
8Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …
9Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… …
10Minibond — is a brand name for a series of structured financial notes issued in Hong Kong under the control of Lehman Brothers. It is a misnomer to describe the Minibond as credit linked note because of the Synthetic Collateralised Debt Obligations hidden… …
