A memory coupon is a Phoenix coupon that, if missed because the underlying was below the coupon barrier, is paid later on the first observation date on which the barrier is met again.
Quantitative Finance · Begrippenlijst
Quantitative Finance · Begrippenlijst
A memory coupon is a Phoenix coupon that, if missed because the underlying was below the coupon barrier, is paid later on the first observation date on which the barrier is met again.