Risk Latte - CALLABLE RATCHET RANGE ACCRUAL

Issued by a Leading European Bank in Hong Kong in the month of January 2005.

CALLABLE RATCHET RANGE ACCRUAL

Jan 18, 2005


Currency USD
Maturity 10 years

Coupon

Payable quarterly, 30/360, Adjusted.

N = No. of Days when the reference index stays within the range;

Ntotal = Total number of days for each coupon period.

Reference Index = USD 6 months LIBOR

Range

Call Option

The issuing bank can call the notes back every three months after the expiry of one year, i.e after CPN(4) onwards.


Disclaimer:
(These notes, articles and reports ("the Content") are prepared by the staff of Risk Latte Company Limited, Hong Kong ("the Company") using various sources, such as books, articles, research papers, websites and conversation with experts; the Content is strictly not for sale or re-distribution. In all cases the Company either seeks explicit written and/or verbal permission from the source (third party) to disclose certain facts in the Content on an "as is" basis and/or make minor or substantial modifications to the facts or to clearly delineate the source of the facts so disclosed in the Content as well as all intellectual property associated with it. The Company does not own the intellectual property of any of the products, processes and/or ideas mentioned in the Content, unless stated explicitly, and the Content is strictly for educational purposes. The Company cannot and does not guarantee the authenticity and/or the veracity of the facts, figures and events mentioned in the Content and does not accept any responsibility for any facts, figurers and events mentioned in the Content.

Any comments and queries can be sent through our web-based form.

More on Quantitative Finance >>

back to top

Videos
 
 

More from Articles


Quantitative Finance