Glossary entry

anglais term or phrase:

act/360 with a short first coupon

français translation:

jours réels 360/ premier versement d'intérêt inférieur à la normale

Added to glossary by Jacqueline Johnston
May 2, 2006 14:15
18 yrs ago
1 viewer *
anglais term

act/360 with a short first coupon

anglais vers français Affaires / Finance Finance (général)
contexte:

"The Price shall be determined such that if the Swap Counterparty enters into a discount swap transaction with a swap dealer of recognised standing with an effective date corresponding to the Effective Date of the Swap Unit under which swap transaction the Swap Counterparty would pay 6m Euribor (semi-annual, *** act/360 with a short first coupon *** using interpolated Euribor) on the Price and receive on the Determination Date the difference between the Price and €1,000, then such swap transaction shall be on market."

une idée pour ce act/360 ?

merci d'avance

Proposed translations

33 minutes
Selected

jours réels 360/ premier versement d'intérêt inférieur à la normale

on suppose que l'année réelle est de 360 jours

Short First Coupon
From Reuters Financial Glossary
The first interest payment on a recently issued bond which is less than the normal semi-annual or annual payment.
le premier versement d'intérêts sur une obligation récemment émise est inférieur au paiement trimestriel ou annuel ordinaire
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4 KudoZ points awarded for this answer. Comment: "merci"
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