Principal Menu
Left Menu
Contenido
GLOSSARY
INTEREST
- Underlying asset
- Amortisation of a security
- Book-entry
- Bond
- Zero coupon bond
- Government Bond
- Notional Bond
- Stripped Bond
- Exchange of debt
- Government financing capacity or need
- Maturity portfolio
- Available or registered portfolio
- Central counterparty institution
- Market makers
- Third party account
- Individual account
- Direct Accounts at the Bank of Spain
- Coupon
- Accrued coupon
- Issue
- Issue at a discount
- Managemente institution
- Fungibility
- Iberclear
- Interest
- Treasury Bills
- Liquidity
- Market brokers
- Forward market
- Blind market
- Futures market
- Options market
- Derivatives market
- Primary market
- Secondary market
- Borrowing requirement
- Placement targets
- Bovernment Bond
- Forward transaction
- Spot transaction
- Transaction with agreement to repurchase on demand
- Double transaction
- Simple transaction
- Open position
- Basis point
- Principal
- Reference
- Explicit yield
- Implicit yield
- Yield
- Repo
- Turnover
- Stripping
- Second tier
- Securities Clearing and Payment Service (SCLV)
- Bank of Spain Payment Service
- Simultaneous transaction
- Syndication
- System of provision of securities
- Strips
- Auction
- Third parties
- Account Holders
- Tranches (issue by)
- Transfer of securities
- Security
- Coupon Zero Security
- Security issued at a discount
- Repayment value
- Nominal value
- Maturity
- Residual Life
Payment received for an investment, generally expressed as an annual percentage. It can be understood in two senses:
- Nominal interest: characteristic of securities with an explicit yield. This is equivalent to a coupon.
- Effective interest: that which equates capital invested with the updated value of all the payments which will have been received from this investment in the future. This is, therefore, the best measure of the yield of a security at the time at which it is acquired.
