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| Securities that are issued and traded at a discount to their face value.
| | == Summary == |
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| 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 instruments quoted on a discount basis include bills of exchange and US domestic commercial paper (USCP).
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| Discount instruments quoted on a yield basis include sterling commercial paper (SCP) when issued at a discount.
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| (However, SCP may also be issued on an interest bearing basis.)
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| == See also == | |
| * [[Discount]]
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| * [[Discount basis]]
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| * [[Discount rate]]
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| * [[Interest bearing instruments]]
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| * [[Interest-bearing instruments]]
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| * [[Sterling commercial paper]]
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| * [[US commercial paper]]
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| * [[Yield]]
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Latest revision as of 09:29, 27 July 2023
Summary
Importing files from local file repository
