“Coupon leverage”的意思、由来-开放百科全书

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Coupon leverage

释义

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Coupon leverage, or leverage factor, is the amount by which a reference rate is multiplied to determine the floating interest rate payable by an inverse floater.^[1] Some debt instruments leverage the particular effects of interest rate changes, most commonly in inverse floaters.^[2]

As an example, an inverse floater with a multiple may pay interest at the rate, or coupon, of 22 percent minus the product of 2 times the 1-month London Interbank Offered Rate (LIBOR).^[3] The coupon leverage is 2, in this example, and the reference rate is the 1-month LIBOR.

References

1. ^{{Cite web |url=http://www.riskglossary.com/letters/c.htm |title=Coupon leverage |accessdate=2008-06-18 |publisher=Risk Glossary}}
2. ^{{Cite book |last=Marshall |first=John Francis |title=Dictionary of Financial Engineering: Over 2,000 Terms Explained |publisher=John Wiley & Sons |year=2000 |page=51 |isbn=0-471-24291-8}}
3. ^{{Cite web |url=http://www.dgcommercialloans.com/glossary/c/coupon_leverage.html |title=Coupon leverage |publisher=DG Commercial Loans |accessdate=2008-06-18}}

1 : Interest rates

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