Based in New York, NYMEX is the largest physical commodity futures exchange in the world, as well as a leading trading forum for energy and precious metals.

A type of option that a borrower can have inserted into a syndicated credit agreement at the outset of the transaction which allows it to increase the principal under the credit agreement, subject to [..]

This is an annual fee, calculated as a lump sum or per bank per annum, payable by the borrower to compensate the agent for the mechanical and operational work performed by that bank under the loan agr [..]

A coefficient which measures risk-adjusted performance, factoring in the risk due to the specific security (debt or equity), rather than the overall market. A high value for alpha implies that the sec [..]

Anti-money laundering.

Gradual repayment of a debt over time in a series of regular or irregular payments.

A bank or other financial institution responsible for originating and syndicating a transaction. The arranger always has a senior role, is often also the agent and if required, usually underwrites all [..]

A security which is supported by assets such as mortgages, car loans, credit card receivables, owned by the issuer of the security and usually placed with a trustee.

Describes the package of swap + investment where an interest rate swap or currency swap is used to change the interest rate exposure and/or currency risk exposure of an investment. Usually a combinati [..]

Under English law assignment is an agreement to transfer all of the rights (but not the obligations) under a contract to a new lender evidenced by an assignment agreement.