General notions

BondForeign bondGrey marketInternational BondMortgage participation certificatePromissory note

Market participants

AgentArrangerAsian Development BankBank for International SettlementsBookrunnerClearstreamDepositoryEuroclearEuropean Bank for Reconstruction and DevelopmentInternational Finance CorporationIssuerRating AgencySPV or SPEStock ExchangeSyndicateSyndication participantUnderwriter

Issue process

Information memorandumListingOfferSecurities issue resolutionTap issue (reopening)

Issue parameters

Common CodeCommon Code 144ACommon Code RegSCouponCurrency of issueFace value (par value, denomination)Integral MultipleISINISIN 144AIssue priceIssuer ratingMarket price (1)Market price (2)Market price (3)Maturity dateMinimum denominationMinimum tradeable unitReg SRule 144A

Analytical characteristics

AI (accrued interest)Current yieldEffective YTMMacaulay durationModified durationNominal YTMYield to maturityYield to option (CALL, PUT)

Transaction types

Concession bondsCredit-Linked Note (CLN)Dim SumEuro-Commercial Paper (ECP)Global Depositary Note (GDN)Green bondInfrastructure bondsInterim financing (bridge financing)Loan Participation Note (LPN)Schuldscheindarlehen or Schuldschein, SchuldscheineSecuritisationStructured financeUridashi

Day count conventions

30/360 German30/360 ISDA (30/360)30/360 US30E+/36030E/360Actual/360Actual/364Actual/365AActual/365FActual/365LActual/Actual (ISDA)Actual/Actual (ISMA)Day count basisDay count conventionDay count fractionNL/365

Financial ratios: Debt


Government securities

Federal loan bonds (OFZ)Federal loan bonds with debt amortization (OFZ-AD)Federal loan bonds with fixed coupon interest (OFZ-FK)Federal loan bonds with fixed coupon rate (OFZ-PD)Federal loan bonds with variable coupon (OFZ-PK)Government savings bonds (GSO)Government savings bonds with a fixed coupon rate (GSO-FPS)Government savings bonds with permanent coupon rate (GSO-PPS)Index-linked OVGZOVGZShort-term government bonds (GKO)VAT-OVGZ

US Treasury Securities

TIPSTreasury billsTreasury bondsTreasury notes

Credit Structure

Amortized loanBalloon loanBridge loanBullet loanClub loanMulti-currency loanPre-export financingRevolver, revolving loanSecured loanSubordinated loanTerm loan

Rates of Interest

Bank Rate of The Bank of EnglandBasis point (bp)Basis rateEURIBORFederal funds rateLIBORMarginMosPrime RateOvernight Call RateTarget of Bank of JapanRefinancing Tender RateWIBOR

Credit Market General Notions

Cross-border loansSyndicated loanSyndicated loan tranche

Islamic Finance


Advanced terms of bond market

Callable Ratchet Inverse Floater NoteCarrot-and-Stick BondCertificate Of Deposit (CD)Contingent Convertible bonds (CoCos)Death Spiral Convertible BondDoomsday callDual Coupon BondEquity clawbacksHard Call ProtectionHeaven-and-Hell BondInverse FloaterPayment-In-Kind Bonds (PIK)Ratchet Bond (i.e. rate adjustable bond)Retractable BondSoft Call ProtectionToggle Note

Structured Products

Barrier Capital Protection Certificate (Shark Note)Barrier Discount CertificateBarrier Reverse ConvertibleBonus Certificate/Protected TrackerBonus Outperformance CertificateCapital Protection Certificate with CouponCapital Protection Certificate with ParticipationCategories of structured productsConstant leverage certificatesConvertible Certificate (Exchangeable Certificates)Discount CertificateExpress CertificateGeared Reverse ConvertibleLadderMini-FuturesOutperformance CertificateRange AccrualReference Entity Certificate with Conditional Capital ProtectionReverse ConvertibleSpread WarrantStructured productTracker CertificateTwin-Win CertificateWarrantWarrant with Knock-Out
Cbonds Glossary contains data on key notions and definitions of the bond and international bond market. All the terms in Glossary are grouped by the following categories: market participants, issue process, issue parameters, analytical characteristics, transaction types, day count conventions, financial ratios, government securities, loan market general notions, structure and peculiarities of syndicated loans, interest rates, Islamic finance.