Difference between revisions of "Capped FRN"

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An issue with an upper limit on the coupon rate.  Under this type of issue, the lender forgoes the possibility of receiving a return above the cap rate should the market interest rate exceed the cap rate.
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An issue with an upper limit on the coupon rate.   
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Under this type of issue, the lender forgoes the possibility of receiving a return above the cap rate should the market interest rate exceed the cap rate.
  
  
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* [[Floating rate note]]
 
* [[Floating rate note]]
 
* [[Issue]]
 
* [[Issue]]
 
 

Revision as of 04:57, 3 August 2013

An issue with an upper limit on the coupon rate.

Under this type of issue, the lender forgoes the possibility of receiving a return above the cap rate should the market interest rate exceed the cap rate.


See also