Certificate of Government Receipts (COUGRs)

Certificate of Government Receipts (COUGRs)

U.S. Treasury fixed-income securities stripped of their coupon payments, providing payment of face value. These are synthetic securities offered by the firm A.G. Becker Paribas.

Notes:

Part of the "feline" family of synthetic zero-coupon Treasury securities, which include CATS, COUGRs and TIGRs. This default-free family of products provide safety of principal and transparent profits. The product is sold at a discount and redeemed at face value as there are no interest payments during the life of the security.

See also: CATS, TIGRs, Treasury STRIPS, Zero Coupon Bond