# Investment-and-finance.net Coupons Code

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### Finance | Coupon

6 days ago
Apr 06, 2013 · **Coupon**. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. The amount of interest payment that is made, usually on a regular basis, to bondholders during the lifetime of a bond (or a similar fixed-income security or interest rate derivative).This amount is determined by the following formula:

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Finance

### Finance | Coupon-Paying Bond

1 day ago
**Coupon**-Paying Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond that pays interest on surrender of the ** coupon**s, clipped from its certificate.The holder of a

**-paying bond receives periodic payment (semiannually, annually, etc) during the life of the bond.**

**coupon**

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Finance

### Finance | Coupon-Bearing Bond

4 days ago
**Coupon**-Bearing Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond that pays interest on surrender of the ** coupon**s, clipped from its certificate.The holder of a

**-bearing bond receives periodic payment (semiannually, annually, etc) during the life of the bond.**

**coupon**

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Finance

### Finance | Step-Down Coupon Note

4 days ago
Sep 01, 2017 · Step-Down **Coupon** Note. A debt instrument which comes with a step-down ** coupon**; the amount of its

**decreases over time to maturity.In earlier periods, it pays a high**

**coupon****, and then in later periods it pays a lower**

**coupon****. This notes suits a low short-term rate environement.**

**coupon**

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### Finance | Full Coupon

5 days ago
Jun 05, 2013 · Full **Coupon**. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond with a full ** coupon** has an interest

**very close to the**

**coupon****s being carried on new issues of the same maturity.Newly issued securities carry an interest rate called full**

**coupon****and, thus, must be selling at a price close to their par value.**

**coupon**

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Finance

### Finance | Coupon Bond

2 days ago
**Coupon** Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond that pays interest on surrender of the ** coupon**s, clipped from its certificate.The holder of a

**bond receives periodic payment (semiannually, annually, etc) during the life of the bond.**

**coupon**

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Finance

### Finance | Coupon Rate

3 days ago
May 29, 2013 · **Coupon** Rate. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. The rate which is earned on a bond purchased at a price equal to par value, and is paid by the issuer, regardless of the current premium or discount value of that bond.It is the bond’s stated interest rate based on its face value, and is usually …

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Finance

### Finance | Odd Coupon

5 days ago
May 12, 2013 · Odd **Coupon**. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. An interest payment on a bond that is more or less than interest payment of typical six months. This is the case with the first ** coupon** payment on many bonds because payment period is different from standard six months from the date of issuance.

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Finance

### Finance | Irregular Coupon

3 days ago
May 29, 2019 · Irregular **Coupon**. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. An interest payment on a bond that is more or less than interest payment of typical six months. This is the case with the first ** coupon** payment on many bonds because payment period is different from standard six months from the date of issuance.

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Finance

### Finance | Dual Coupon Bond

6 days ago
Dual **Coupon** Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond with ** coupon**s that change to preset levels on specific dates. More specifically, the bond pays a given

**for a specific period of time, then its**

**coupon****is stepped up in regular periods until maturity.**

**coupon**

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Finance

### Finance | Fixed Coupon Note

6 days ago
Jun 28, 2017 · Fixed **Coupon** Note. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A note that provides the investor with fixed ** coupon** payment over the couse of its life, typically ranging from two to five years. The stable income is a source of protection against a low to moderate decline in the reference rate (such as an index, …

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Finance

### Finance | Coupon Clipping

1 day ago
Mar 27, 2013 · **Coupon** Clipping. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. The removal of interest ** coupon**s attached to a bearer bond so that the bearer might submit them to a bank or a paying agent for collection of semiannual interest.

**Coupon**clipping was commonplace before the days of registered bonds.

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Finance

### Finance | Deferred-Coupon Bond

1 week ago
Deferred-**Coupon** Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond whereby the issuer is allowed to defer ** coupon** interest for a specified period of time. During the deferred-

**period, there is no**

**coupon****payment.**

**coupon**

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Finance

### Derivatives | Coupon

1 week ago
Physically, a ** coupon** is a slip of paper which is cut off from a bearer bond and presented to a bond issuer in exchange for quarterly, semi-annual or annual interest payment. With respect to swaps,

**refers to the periodic interest payment on the fixed-rate leg of an interest rate swap or a currency swap.**

**coupon**

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### Finance | Zero Rate

1 day ago
Mar 19, 2017 · A zero-** coupon** interest rate is the rate of interest earned on an investment that is made over a given period (horizon). At the end of the period, the interest and principal are paid to the investor, as no intermediate payments would need to be made. For example, if a 7-year zero rate (continuously compounded) is quoted as 5.5% per year, then a ...

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### Finance | Low Coupon Bond

1 week ago
May 11, 2013 · Low **Coupon** Bond. A bond that pays small ** coupon**s over its life, but requires a large payment of principal at maturity. This bond, therefore, allows its holder to receive capital gains in consideration for invested funds. By nature, …

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### Finance | Contingent Coupon Reverse Convertible

1 day ago
Contingent **Coupon** Reverse Convertible. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A reverse convertible in which the ** coupon** is made contingent on a specific event such as trading in a range in order to have an enhanced

**. The reverse convertible will pay higher than usual**

**coupon****when the specified event takes place.**

**coupon**

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Finance

### Derivatives | Coupon Frequency

4 days ago
**Coupon** Frequency. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. The number of times the exchange of swap ** coupon**s (cash flows on both legs) is carried out over the life of an interest rate swap (or any similar swap). In practice,

**frequencies are often less than a year.**

**coupon**

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Finance

### Banking | Zero-Coupon Certificate of Deposit

1 day ago
Mar 23, 2016 · Zero-**Coupon** Certificate of Deposit. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A certificate of deposit that pays no periodic interest to the holder.However, its return comes from it being sold at a discount from face value (i.e., its value at maturity date). That is, the CD holder pays less than the face value at …

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Finance

### Finance | Coupon Equivalent Rate

5 days ago
**Coupon** Equivalent Rate. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. Also equivalent bond yield; the yield on a discount bond that is computed in the same way the yield on a ** coupon** bond is calculated. This indicates the annual yield on a short-term fixed income security or product that is typically quoted on a bank …

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Finance

### Finance | Split Coupon Bond

2 days ago
Split **Coupon** Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A bond that is issued as a zero-** coupon** bond but which converts to a

**paying bond at a specific time during its life. This bond is usually issued by companies and municipalities which don't want to pay out cash interest for the first few years of a bond's life.**

**coupon**

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Finance

### Finance | Invoice Price

2 days ago
May 19, 2013 · Accrued interest fluctuates sharply over ** coupon** periods. Its is zero immediately after

**has been paid, rises linearly and reaches its highest at the next**

**coupon****date and then falls back to zero after payment. For example, if the flat price of a bond is quoted at $96, the**

**coupon****rate is 7%, and**

**coupon****is paid annually.**

**coupon**

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### Finance | Realized Compound Yield

3 days ago
May 13, 2013 · The realized compound yield (annual return) that is actually earned on a ** coupon** bond will be equal to the bond's yield to maturity ( YTM) only if the bond is held to maturity and the

**s can be reinvested at the yield to maturity. This measure of yield allows for comparing between alternative interest-bearing assets.**

**coupon**

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### Derivatives | Currency Coupon Swap

1 week ago
Jun 21, 2016 · Currency **Coupon** Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A currency swap in which one side is a fixed rate currency and the other a floating rate payment (such as U.S dollar LIBOR).This type of swap combines the features of a currency swap and an interest rate swap.In currency ** coupon** …

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Finance

### Derivatives | Snowball - investment&finance

6 days ago
Mar 02, 2013 · For example, an investor holds a 5-year note with quarterly ** coupon**s, such that his payoff at the first two

**dates is set at 4% per annum, resulting, for an accrual period of three months, in**

**coupon****s of:**

**coupon****Coupon**= 0.04 × 0.25 = 1%. The payoff, for subsequent

**dates, is given by the following formula:**

**coupon**

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### Derivatives | Tenor of Swaps - investment&finance

1 week ago
Feb 11, 2013 · A common tenor is three months. So instead of exchanging cash flows once a year, the counterparties do so four times per year, and so on. Other popular tenors are six months and one month. Another common arrangement is the semi-quarterly ** coupon** frequency in which the swap has a 6-month fixed leg and 3-month floating leg.

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### Finance | Bond Ex-Dividend

1 week ago
Apr 07, 2013 · Bond Ex-Dividend. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. The interval between the announcement of a ** coupon** and the payment date. If a bond trades during this period of time, it is the seller, not the buyer, who is entitled to the next

**payment. In the period between the**

**coupon****payment date and the …**

**coupon**

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Finance

### Derivatives | Par-Par Asset Swap

1 week ago
Jan 13, 2013 · Par-Par Asset Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. An asset swap package where an investor pays par (100%) to an asset swap seller for a particular fixed-** coupon** bond issued by a specific reference entity (name), in order to obtain exposure to the par notional amount of that bond.

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Finance

### Derivatives | Off-Market Coupon Swap

1 day ago
Jan 20, 2013 · Off-Market **Coupon** Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. Typically, an interest rate swap whose fixed rate payment substantially deviates from currently prevailing ** coupon** rates on debt instruments with similar times to expiration. An adjustment to the net present value of this swap needs to be …

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Finance

### Finance | Ratchet Bond

6 days ago
Feb 07, 2013 · Ratchet Bond. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A rate-adjustable debt instrument that has a ** coupon** rate that adjusts periodically at a specific spread over a non-money market reference rate such as the 10-year CMT rate.However, it can only adjust downward based on a given

**formula.**

**coupon**

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Finance

### Derivatives | Forward Swap Rate - investment&finance

3 days ago
Oct 21, 2017 · For example, assume the 5 and 10 year spot-starting breakeven zero ** coupon** rates are: S 5 = 0.0265, S 10 = 0.0275, respectively. By plugging in the figures, in order to calculate the theoretical 3-year rate, 5 years forward, we find:

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### Derivatives | Snowball Swap - Investment and Finance

2 days ago
The snowball ** coupon** is continually adjusted by an accrual factor, following the first lockout period (first year) of the swap in which it is kept fixed. After this period, the issuer has the right to cancel the swap. The snowball swap offers a guaranteed initial

**, while forthcoming payments are determined by how fast the floating rate ...**

**coupon**

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### Islamic Finance | Zero-Coupon Nontradable Sukuk

5 days ago
Sep 01, 2014 · Zero-**Coupon** Nontradable Sukuk. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A sukuk issue in which the backing assets (i.e., the assets to be mobilized) don’t yet exist or are not created at the time of issuance. The funds mobilized through sukuk will be used to create more assets on the balance sheet of the …

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### Derivatives | Zero-Coupon Swap Valuation Method

3 days ago
Jan 29, 2013 · Zero-**Coupon** Swap Valuation Method. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. An interest rate swap valuation method that views a swap as a series of cash flows for each of which is applied a zero ** coupon** rate ().More specifically, the present value for each cash flow is determined using a spot rate.

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Finance

### Derivatives | Target Redemption Note

5 days ago
Jan 29, 2013 · For example, a 5-year TARN in which the first ** coupon** rate is fixed at 8%, whilst the

**rates in subsequent years are calculated based on this formula: MAX(7.54%- 2L, 0), where L denotes the index rate (say the 12-month Euribor) on the**

**coupon****date. The TARN will be terminated prematurely if the accumulated**

**coupon****rate, on the**

**coupon****date ...**

**coupon**

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### Derivatives | Callable Zero Coupon Swap

1 week ago
May 11, 2013 · Callable Zero **Coupon** Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A zero ** coupon** swap in which the zero

**leg has the right, without the obligation, to call off the underlying zero**

**coupon****swap on any**

**coupon****date after a specific lockout period.On calling off the structure, the zero**

**coupon****…**

**coupon**

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Finance

### Derivatives | Determining LIBOR/Swap Zero Rates

2 days ago
Feb 17, 2013 · Suppose the 2-year swap rate is 5.5% (that means, a bond with a principal of $100 and a semiannual ** coupon** of 5.5% per annum is selling for …

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### Derivatives | Autocallable Coupon Accrual Swap

5 days ago
Mar 14, 2013 · Autocallable **Coupon** Accrual Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. An OTC swap which features both a knockout and contingent ** coupon** mechanism. The issuer receives the

**, whilst the holder receives an adjusted rate linked to the LIBOR rate. The knockout feature allows the holder, …**

**coupon**

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Finance

### Finance | Capitalizing Bond

4 days ago
Sep 15, 2017 · A bond in which a percentage of ** coupon** payments is converted into capital . In other words, the capital amount outstanding is increased over the bond's life. Eventually, the issuer will repay the capitalized value of the bond at maturity date. In this sense, the capitalized percentages constitute a form of debt owed by the issuer.

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### Derivatives | Coupon-Only Swap

2 days ago
Jan 30, 2013 · **Coupon**-Only Swap. Investment and Finance has moved to the new domain. Please see this and more at fincyclopedia.net. A form of cross currency swap that entails no exchange of principal in two different currencies at maturity, and only the interest payments (i.e., ** coupon**s) are exchanged. In this sense, a

**-only**

**coupon****swap (CoS) is like an …**

**coupon**

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Finance

### Finance | Ratchet Floater

2 days ago
Ratchet Floater. A floater in which ** coupon** payments are subject to a floor set at the preceding

**payment and a cap equal to the preceding**

**coupon****plus some incremental margin.**

**coupon****Coupon**s on ratchet floaters are typically pegged to LIBOR (3- or 6-month). For example, a ratchet floater may be structured so that it is linked to 6-month LIBOR, while its floor is …

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### Finance | Capped Floating-Rate Note

5 days ago
A floating-rate note in which ** coupon** rates (

**reset rates) are subject to an upper limit. Like standard FRNs, capped FRNs pay a normal floating rate note**

**coupon****up to a specified maximum rate. If rates exceed that limit, the**

**coupon****is fixed at the capped rate. For example, a capped FRN may have a maximum rate of 7% placed on its**

**coupon****...**

**coupon**

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### Derivatives | Callable Range Accrual Swap

1 week ago
Jan 22, 2013 · The ** coupon**s are multiplied by an accrual factor which relates the number of days spent within the range (n) to the number of days in the

**period (N). As such the payoff of a callable range accrual swap is: payoff =**

**coupon****s x n/N. This swap is implicitly embedded with a strip of digital options that expire on a daily basis.**

**coupon**

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### Derivatives | Target Redemption Forward

2 days ago
Feb 03, 2013 · **Coupon** ti = S ti – K. However, the overall structure is limited by the requirement that once the total payout exceeds a target level , then the structure automatically terminates (knocks out). The target redemption forward is a hedging strategy aimed at providing investors with above-market forward rates. For example, investors can hedge ...

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### Derivatives | Matched-Maturity Swap

5 days ago
A matched maturity swap may be established to match the maturity of an on-the-run 5-year treasury note. Typically, a matched-maturity swap will have the same characteristics of a respective instrument in terms of ** coupon**, duration, and convexity. For example, a matched maturity swap for a government agency bond that matures in November 15, 2030 ...

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### Derivatives | Callable Geared Ratchet Inverse Floater

1 week ago
Feb 03, 2013 · **Coupon** = gearing × (previous ** coupon** – index) The leverage level determines how aggressive the structure is: its dependency on the previous

**is increased by a gearing on the previous**

**coupon****. This structure is also known as a thunderball. Read more Comments Last update: Feb 03, 2013**

**coupon**

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### Derivatives | Price Value of a Basis Point (PVBP)

4 days ago
Feb 11, 2013 · C is the dollar value of ** coupon** payments in one year. N is the number of

**payments not yet made. Y is BEY or bond equivalent yield (decimal) 100 means the calculation relates to par value. For instance, assume a 20-year bond with 10%**

**coupon****rate and yield of 8%: that is, C = 10, N= 40, Y= 0.9.**

**coupon**

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### Derivatives | Ratchet Floater

1 week ago
Initially, the note has a high ** coupon** that adjusts with market rate developments over time. Effectively, the investor is long the note and short a path-dependent or period cap and/or long a path-dependent or periodic floor. This structure allows the note holder to receive a high

**floor when he harbors a feeling that rates may move upward ...**

**coupon**

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