Structural operation

Open market operation executed in order to bring about a lasting change in the structure of the Eurosystem's balance sheet |#0#0#0#0#0
Structural subordination###Occurs when a bank or other institution lends to a holding company that uses the loan proceeds to infuse capital, in the form of equity or deeply subordinated shareholder loans, into one or more newly purchased operating companies. The holding company lender is structurally subordinated in right of payment relative to third-party lenders that may be extending credit directly to the operating subsidiaries.#0#0#0#0#0
Structural unemployment###Unemployment levels inherent in an economic structure.#0#0#0#0#0
Structured assets###Assets which are tailored to a client´s specific requirements e.g. those financial products that have a well defined and highly quantitatively complex structure.#0#0#0#0#0
structured credit product###An instrument that pools and tranches credit risk exposure, including mortgage-backed securities and collateralized debt obligations.#0#0#0#0#0
Structured finance###Financially engineering the proper blend of debt, equity, synthetic, derivative and hybrid capital in order to resolve particular transactional needs that cannot readily be met by conventional senior financing. The financial instruments are devised for funding on the basis of identifiable assets rather than the credit standing of the entity concerned. Typical examples of structured finance are securitisation, convertible bonds, collateralized debt obligations and callable bonds. It also includes various forms of lending where the cash flows of the entity are trapped at source to pay off the lender. Commonly based on an SPV.