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Accrual Tranche

A tranche that has some similarities to a zero-coupon bond. An accrual tranche (zero tranche) consists of Z bonds. By...

Coupon Stripping

A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a...

Coupon-Paying Bond

A bond that pays interest on surrender of the coupons, clipped from its certificate. The holder of a coupon-paying bond...

Z-Tranche

A tranche that has some similarities to a zero-coupon bond. A Z tranche (zero tranche) consists of Z bonds. By...