文档介绍：融培训服务鹏生教育—高端财经培训专家! 1 cfa level 1 词汇 L1word 5 Indenture A contract between an issuer of bonds and the bondholder stating the time period before repayment, amount of interest paid, if the bond is convertible (and if so, at what price or what ratio), if the bond is callable and the amount of money that is to be repaid. Investopedia Says: The indenture is another name for the bond contract terms, which are also referred to asa deed of trust. 契约: 债券发行人与债券持有人之间的合约,列明偿还年期、支付利率、可否转换(如可转换,转换的价格及比率),以及偿还资金的金额 callable adj . 可赎回的, 可随时支付的( 如贷款), 见通知即兑付( 证券或贷款) variant adj. 1. 不同的; 差别的; 变异的 2. 易变的, 不定的; 各种各样的 n. 变种变量/式 Covenant 保证条款/ 契约: 债券协议中的条文,承诺将会或不会进行某些行动 A promise in an indenture, or any other formal debt agreement, that certain activities will or will not be carried out. Investopedia Says: The purpose ofa covenant is to give the lender more security. Covenants can cover everything from minimum dividend payments to levels that must be maintained in working capital. straight bond 纯粹债券;直接债券( 内); 传统债券; 普通债券(港) ; 标准债券 option free bond 无期权债券指不附任何嵌入选择权的债券, 其价格与收益率不是线性关系, 而是具有一定凸度的曲线关系,即不含期权债券的价格上升的速度比下降的速度快 Treasury Bond = T-Bond (长期) 国库券/ 国库债券期限 10 年以上的可买卖定息美国政府债务证券 Treasury Note 政府票据中期国库券期限 1至 10 年的可买卖定息美国政府债务证券 Treasury Bill 短期国库券美国政府发行的债务证券, 期限少于一年。短期国库券通过竞标过程发售, 价格相对面值有折扣,所以不会像大部分其他债券一般支付定额利息 Coupon 息票: 债券在发行时确定的利率,息票一般每半年支付一次票息;券息:[ 债市] 发行人承诺会按面值年率计算,向债券持有人支付直至到期日的债券利息。举例: 假如债券的票息为 10% , 每年便按面值 100 元支付 10 元的利息, 一般是分期每6 个月( 半年)或3 个月( 每季) 派息一次。 Treasury Note 融培训服务鹏生教育—高端财经培训专家! 2 A marketable . government debt security with a fixed interest rate and a maturity between one and 10 years. Treasury notes can be bought either directly from the . government or through a bank. When buying Treasury notes from the government, you can either put petitive or petitive bid. With petitive bid, you specify the yield you want; however, this does not mean that your bid will be approved. With a petitive bid, you accept whatever yield is determined at auction currency denomination 货币面值