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Credit-linked note  (CLN) - Financial definition

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Translations:      FR  titre indexé sur un risque de crédit (n.m.) , titre lié à un crédit (n.m.)     ES  bono con vinculación crediticia (n.m.)     DE  Bonitätsanleihe (n.f.) 

Concise definition of the term credit-linked note

A Credit linked note (CLN) is a structured note that combines a debt asset and a credit derivative. It is a security typically issued from a Special Purpose Vehicle (SPV), with redemption and/or coupon payments linked to the occurrence of a credit event.

Comprehensive definition of the term credit-linked note

Credit-linked notes may also be issued on an unsecured basis directly by a corporation or financial institution.

Additional information related to this definition

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