Discount instruments: Difference between revisions

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Securities that are issued and traded at a discount to their face value.
Discount instruments are securities that are issued and traded at a discount to their face value.


Depending on the market, their prices may be quoted conventionally in the market either on a discount basis or on a yield basis.
Depending on the market, their prices may be quoted conventionally in the market either on a discount basis or on a yield basis.
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* [[Discount basis]]
* [[Discount basis]]
* [[Discount rate]]
* [[Discount rate]]
* [[Interest bearing instruments]]
* [[Interest-bearing instruments]]
* [[Interest-bearing instruments]]
* [[Security]]
* [[Sterling commercial paper]]
* [[Sterling commercial paper]]
* [[US commercial paper]]
* [[US commercial paper]]
* [[Yield]]
* [[Yield]]
[[Category:Corporate_finance]]
[[Category:Financial_products_and_markets]]

Latest revision as of 14:41, 16 February 2022

Discount instruments are securities that are issued and traded at a discount to their face value.

Depending on the market, their prices may be quoted conventionally in the market either on a discount basis or on a yield basis.


Discount instruments quoted on a discount basis include bills of exchange and US domestic commercial paper (USCP).

Discount instruments quoted on a yield basis include sterling commercial paper (SCP) when issued at a discount.

(However, SCP may also be issued on an interest bearing basis.)


See also