From The Jolly Contrarian
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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Top Trumps®
Financial Weapons of Mass Destruction®



It’s not synthetic equity. Just calm the hell down.

Docs The Full American: US bond docs, plus security and custody. Lots of it, all dull. 6
Amendability Nope, but why would you? 5
Collateral Fully, and delta-one. 0
Transferability Seeing as that’s the point, yes. Safely transferable. 0
Leverage Zippo the Hippo. 0
Fright-o-meter Disney grade only. Suitable for all the family — Unless the issuer is in a scary foreign jurisdiction in which case OMEN GRADE 8

Index — Click the ᐅ to expand:

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