Reference Entry

capped floating rate note

Peter Moles and Nicholas Terry

in The Handbook of International Financial Terms

Published in print January 1997 | ISBN: 9780198294818
Published online January 2005 | e-ISBN: 9780191727245
capped floating rate note

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Floating rate note with an upper limit on the coupon rate (cf. floor). With this structure the holder

Reference Entry.  73 words. 

Subjects: Financial Institutions and Services

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