coupon stripping: translation
Taking a coupon paying bond and selling on each of its coupons separately as zero coupon bonds in their own right. Dresdner Kleinwort Wasserstein financial glossary
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Coupon stripping is the process whereby interest coupons for future payment dates are separated from the security principal amount that entitles the holder to the principal repayment. Euroclear Clearing and Settlement glossary
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Detaching the coupons from a bond and trading the principal repayment and coupon amounts separately, thereby creating zero coupon bonds.
► See also Zero Coupon Bond.