Intermediate
Reverse convertibles and the cost of enhanced income
A reverse convertible can exchange a high coupon for exposure to losses in a reference asset. The additional income compensates for a risk that can overwhelm...
Read articleFOLITIC / HYBRID SECURITIES
Hybrid Securities Trading Guide
Understand securities that combine features of debt, equity and derivatives. Follow eight stages covering preferred shares, convertibles, corporate hybrids, bank capital and structured notes.
Start with What makes a security a hybrid, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Reverse convertibles · All lessons
Structured Notes and Payoff Design
Decode participation, caps, barriers, autocalls and issuer credit exposure.