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+--- Thread: Discount Instrument (/showthread.php?tid=172)
Discount Instrument - stephenkhoo - 11-04-2011 11:01 PM
This is a discounted instrument where an investor pays the discounted value up front, and receives the full face value on maturity, with the difference equating to the interest on the borrowing.From the nature of the deal, the deal price is calculated more on the period and amount n nt FX.