CREDIT SPREAD OPTION
Financial derivative contract which transfers credit risk from one party to another. The buyer pays the initial premium in return for potential cash flows should a specific credit spread change from its present level. The buyer of this option will receive cash flows if the difference between two given benchmarks widens or narrows. Such options come in the form of both calls and puts to allow long and short credit positions.
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Tax Court
Specialized court of the law handling and adjudicating tax disputes and issues. In the United States, the Congress has established a federal court ...
Accrual Swap
An interest rate swap which a counterparty pays reference rate, it is usually a three to six month of LIBOR.
Key Rate
A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Alternative Order
A mandate of an investor to buy or sell stock using a first come first served basis policy. It is also called the one cancels the other orders. ...
Catalog of Federal Domestic Assistance – CFDA
Government-wide compendium of Federal assistance programs, projects, activities, and services, which offers financial and nonfinancial assistance o ...
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