Moody’s Outlook for French Banks Remains Negative
The fundamental credit outlook for the Frenchbanking system remains negative, primarily reflecting further likelydeterioration of the macroeconomic environment, says Moody’s InvestorsService in its new...
View ArticleThe Big Bang : Standardized CDS Contract
on brokerbase.eu : The Big Bang : Standardized CDS Contract
View ArticleAsset Swap
The purchase of a fixed rate instrument, plus a position of paying fixed and receiving floating in an interest rate swap of the same maturity. A dealer ordinarily arranges both the sale and the swap....
View ArticleBISTRO
Definition: An acronym for either of the following, depending on who’s talking and who might be listening. 1. Broad Index Secured Trust Offering. J.P.Morgan’s preferred vehicle for transferring a...
View ArticleBond Guarantee
A contract that puts the guarantor in place of the debtor, in case of debtor’s default. Thus, a guarantee seems to promise payment in full of the bond’s interest and principal and is like bond...
View ArticleBond Insurance
An insurance contract that promises the bondholder a payment (maybe not payment in full) in case the debtor defaults.
View ArticleChase Secured Loan Trust Note (CLST)
Chase Bank’s preferred vehicle for transferring a large amount of diverse credit risk into an SPV.
View ArticleCollateralized Bond Obligation (CBO)
A note or bond or tranches of notes and/or bonds that an SPV (q.v.) issues, in order to raise money to buy bonds that serve as collateral for the SPV obligations. Application: The CBO gets the bonds...
View ArticleCollateralized Loan Obligation (CLO)
A note or bond or tranches of notes and/or bonds that an SPV (q.v.) issues, in order to raise money to buy loans that serve as collateral for the SPV obligations. Application: The CLO gets the loans...
View ArticleCollateralized Mortgage Obligation (CMO)
A note or bond or tranches of notes and/or bonds that an SPV (q.v.) issues, in order to raise money to buy mortgage loans that serve as collateral for the note(s). Application: The CMO gets the bonds...
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