Variable Coupon Renewable Note (VCR).

A Variable Coupon Renewable Note (VCR) is a type of financial instrument that pays periodic interest payments that are variable in nature. The payments are generally based on a reference interest rate, such as the London Interbank Offered Rate (LIBOR). VCRs are typically issued with maturities of one year or less, and are renewable at … Read more

What Is Pay/Collect?

The term “What is Pay/Collect?” is used in the futures and commodities trading industry to describe the process of making or taking delivery of a commodity. In order to make or take delivery of a commodity, a trader must first be registered with the commodity exchanges where the commodity is traded. Then, the trader must … Read more