rate securities
71Canadian Overnight Money Market Rate — A measure or estimate of the rate at which major dealers are able to arrange financing of securities inventory for one business day. It is compiled by the Bank of Canada at the end of the day through a survey of major participants in the… …
72Dollar Bond Index-Linked Securities - Dollar BILS — A zero coupon floating rate debt instrument with an interest rate that is determined by the return performance of a specified index over a given time period. The interest rate for dollar BILS is determined at maturity, once the change in the… …
73Coupon rate — In bonds, notes or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. The New York Times Financial Glossary * * * coupon rate coupon rate ➔ rate1 …
74PSA Prepayment Rate — The Bond Market Trade Association s Mortgaged Asset Backed Securities Division s prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primarily to derive an… …
75fixed rate preference shares — Shares issued wholly for new consideration with no conversion rights or rights to acquire further shares or securities, which carry dividends of a fixed amount or fixed rate per cent of the nominal value. The dividends (plus any amount paid on… …
76Public Securities Association Standard Prepayment Model - PSA — An assumed monthly rate of prepayment that is annualized to the outstanding principal balance of a mortgage loan. The PSA model is one of several models used to calculate and manage prepayment risk. The PSA model acknowledges that prepayment… …
77interest rate futures — Futures contracts traded on long term and short term financial instruments: U.S. Treasury bills and bonds and Eurodollar Time Deposits. More recently, futures contracts have developed for German, Italian, and Japanese government bonds, to name a… …
78adjustable-rate — Applies mainly to convertible securities ( convertible security). Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that… …
79Exchange rate — An ISO term. The price at which one currency can be bought with another currency. ISO Securities Message Types term. The exchange rate between the currencies used and the net proceeds/net amount. 12d. ISO Standard Telex Formats term. The… …
80discount rate — n. 1. DISCOUNT (n. 3) 2. the rate at which the Federal Reserve Banks discount or rediscount securities offered by member banks …
