Discount instruments and Euro zone: Difference between pages

Revision as of 10:33, 28 August 2014

The collective name for the countries adopting European Monetary Union (EMU) in full. Sometimes written 'Euro zone', 'Eurozone' or 'Euro-zone'.

More formally known as the 'euro area' and more informally as 'euroland'.

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-Securities that are issued and traded at a discount to their face value.
+The collective name for the countries adopting European Monetary Union (EMU) in full.
+Sometimes written 'Euro zone', 'Eurozone' or 'Euro-zone'.
-Depending on the market, their prices may be quoted conventionally in the market either on a discount basis or on a yield basis.
+More formally known as the 'euro area' and more informally as 'euroland'.
-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 ==
-* [[Discount]]
+* [[Central bank]]
-* [[Discount basis]]
+* [[Eurobond]]
-* [[Discount rate]]
+* [[European Central Bank]]
-* [[Interest bearing instruments]]
+* [[European Financial Stability Facility]]
-* [[Interest-bearing instruments]]
+* [[European Monetary Union]]
-* [[Sterling commercial paper]]
-* [[US commercial paper]]
-* [[Yield]]
+[[Category:Long_term_funding]]
+[[Category:Long_term_funding]]