Template:M intro repack Debt security: Difference between revisions
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'''Vanilla''': Normal corporate bonds just pay a fixed or floating rate and give you your money back at maturity. These are, technically, credit-linked — in that an investor’s return is dependent on the solvency of the issuer — but are otherwise pretty standardised in terms. Don’t expect investors to parse the prospectus too closely. | '''Vanilla''': Normal corporate bonds just pay a fixed or floating rate and give you your money back at maturity. These are, technically, credit-linked — in that an investor’s return is dependent on the solvency of the issuer — but are otherwise pretty standardised in terms. Don’t expect investors to parse the prospectus too closely. | ||
'''[[Repackaging]]s''': See “weird and wacky securitised derivatives” - jam a [[par asset swap]] in an [[espievie]] and away you go... | '''[[Repackaging]]s''': See “weird and wacky securitised derivatives” - jam a [[par asset swap]] in an [[espievie]] and away you go... | ||
'''[[Securitisation]]s''': Monetising future cashflows, once so rock ’n’ roll that even Bowie was into it until someone had the idea of... | |||
'''[[Collateralised debt obligation|Collateralised debt ob —]]''' DON’T SAY IT YOU ARE NOT ALLOWED TO SAY IT IT IS LIKE VOLDEMORT | |||