Ex-Coupon

Ex-Coupon

The sale of a bond after a stated date before a coupon is distributed. When a bond is sold ex-coupon, the right to receive the coupon remains with the seller. Selling ex-coupon almost invariably reduces the selling price of the bond. See also: Ex-dividend, Ex-bonus.
References in periodicals archive ?
The ex-coupon date will be July 10, thus, the holders of TV Azteca CPOs at the end of the operations of the Mexican Stock Market (BMV) that day will receive Grupo Iusacell shares on July 16.
Starting November 5, 1993, all Banacci shares will be quoted ex-coupon.