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Flat Price |
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Flat price (also clean price) The quoted newspaper price of a bond that does not include accrued interest. The price paid by the purchaser is the full price. Flat Price The price of a coupon bond that does not include any interest that accrues. That is, a flat price is the price of a bond discounting future cash flows. Because the dirty price does include interest between coupon payments, the dirty price and the flat price will equal each other only immediately following a coupon payment. Most American exchanges use the flat price when quoting bond prices. It is also called the clean price. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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amp;ldquo;Our futures component of flat price—whether buying or selling—is hedged in futures, so our profit is the difference between our flat price purchase from the farmer and our flat price sale to an exporter. It tends to be a like a speculative long position in that you could have downside flat price risk if the market breaks. We should think through the pros and cons of having an individual-patient price (such as $600 per year for Crixivan) for critical drugs for poor countries -- as opposed to governments, international agencies, and others contracting to pay pharmaceutical companies a flat price to manufacture whatever amount of drug is needed for treatment programs there. |
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