Strip

From Open Risk Manual

Definition

Strip. A tradeable debt instrument created either through the process of removing coupons from a bond and then selling the separate parts as a zero coupon bond and an interest paying coupon bond or through taking the opposite position from some variant in the options market

STRIPS is an acronym for Separate Trading of Registered Interest and Principal of Securities, which has come to be used as a term in its own right.

Synonyms

  • Separate Trading Of Registered Interest And Principal Of Securities

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

Facts about "Strip"
IsDefinedBy
URI of an entity that is defined via an imported vocabulary.
https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/DebtInstruments/index-en.html +