Discount instruments: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Space added before see also) |
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(However, SCP may also be issued on an interest bearing basis.) | (However, SCP may also be issued on an interest bearing basis.) | ||
== See also == | == See also == | ||
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* [[US commercial paper]] | * [[US commercial paper]] | ||
* [[Yield]] | * [[Yield]] | ||
Revision as of 10:06, 7 February 2015
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.)
