The AI-powered English dictionary
plural Canaries
(soccer) Someone connected with Norwich City Football Club, as a fan, player, coach etc. examples
not comparable
(finance, of an option) That can be exercised on quarterly dates, a set time period (usually one year) after the issue date, and before the expiry date. quotations examples
Canary callable bonds are a type of step-up bond that is a hybrid structure, having elements of both Bermudan and European calls.
2005, Gary Strumeyer, chapter 9, in Investing in Fixed Income Securities: Understanding the Bond Market, John Wiley & Sons
The canary bond is unique in that it is callable during the period before the security converts to a noncallable or bullet structure; the canary callable coupon can possess a step-up feature.
2006, Ben Finkelstein, The Politics of Public Fund Investing: How to Modify Wall Street to Fit Main Street, Touchstone, page 123
A (receiver) Canary swaption has two expiry dates 0 < θ1 < θ2 ≤ t0 and involved two swaps Si (i = 1, 2) with cash -flows (ti,j, ci,j) (1 ≤ j ≤ ni).
2006, Marc Henrard, Numerical integration for Canary swaptions in the gaussian HJM model, Bank for International Settlements, page 5