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Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
Knowledge
base
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Copyright: All materials on this site, unless otherwise specified, are sole intellectual property of Vinod Kothari and their reproduction in any form is a violation of copyright law. |
Credit derivatives terminology
By
Vinod Kothari Structured
notes: The US Office of Controller of
Currency defines structured notes as “Non-mortgage-backed debt
securities, whose cash flow characteristics depend on one or more indices
and/or have embedded forwards or options.” Includes
instruments such as range bonds, reverse floaters, and of course, credit linked notes.
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