Sentences with phrase «reverse exchangeable»
For a similar decomposition of a reverse exchangeable, see Hernández et al (2007).
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Autocallable Reverse Convertible Notes (issued by Eksportfinans and HSBC) and Autocallable Reverse Exchangeable Notes (issued by JPMorgan) both make coupon payments.
If the product is not called, the payout at maturity is similar to a non-autocallable Reverse Exchangeable Note or a Reverse Convertible Note.
The formula for a reverse exchangeable decomposed into these three components is presented in Hernández et al (2007).9