The ex coupon date is the first day the bond starts trading without the coupon attached to it. If the asset is purchased on or after the ex coupon date, no coupon is included with the asset, so the investor must buy or sell the asset before the ex coupon date in order to get it with a coupon linked to it.
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без купона на право найскорішого отримання процентів; без процентів; виключаючи проценти