Category: Z
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Zero Coupon
Concept of Zero Coupon in Futures TradingIn this context of financial law, the following is a definition of Zero Coupon: Refers to a debt instrument that does not make coupon payments, but, rather, is issued at a discount to par and redeemed at par at maturity.
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Zero Coupon Swap
Concept of Zero Coupon swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A swap (i.e. a derivative where two counterparties exchange streams of cashflows with each other) where one counterparty pays a floating rate (for example three […]