- Branża: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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A loan in which two companies in separate countries borrow each other's currency for a specific time period and repay the other's currency at an agreed-upon maturity.
Industry:Financial services
A leveraged buyout in which the buyer sells off the assets of the target_company to repay the debt that financed the takeover.
Industry:Financial services
A commercial paper issuer's bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible.
Industry:Financial services
In the context of equities, a firm with two divisions may split into two companies and issue original shareholders two shares (one in each of the new companies) for every old share they have.
Industry:Financial services
A market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This may occur when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The opposite of contango.
Industry:Financial services
A nonparallel shift in the yield curve involving the height of the curve.
Industry:Financial services
Applies to derivative products. Complex option strategy that involves selling two calls and buying two calls on the same or different markets, with several maturity dates. One of the options has a higher exercise price and the other has a lower exercise price than the other two options. The payoff diagram resembles the shape of a butterfly.
Industry:Financial services