Coupon Equivalent Rate

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Coupon Equivalent Rate

An alternative method of calculating the yield on a bond. It is used for zero-coupon bonds, as these are issued at discounts to their face value; that is, the CER states what the coupon rate would be if it carried a coupon and had been sold at face value. As such, it gives a more accurate picture of the yield of a zero-coupon bond. It is calculated as:

CER = ((Market Price - Face Value) / Market Price) * (365 / Days until Maturity).
References in periodicals archive ?
* Expect Adjusted EPS to decline -5% to -9% CER reflecting recent approval of a generic competitor to Advair in the US.
In 2019, we now expect Adjusted EPS to decline in the range of -5% to -9% at CER. This guidance reflects the recent approval of a substitutable generic competitor to Advair in the US and the expected impact of the Tesaro acquisition and assumes that the proposed Consumer Healthcare nutrition disposal closes by the end of 2019 and the proposed Consumer Healthcare Joint Venture with Pfizer closes during H2 2019.
"We are today upgrading our guidance for CER growth in Adjusted earnings per share for 2018.
* in the event that no substitutable generic competitor to Advair is introduced to the US market in 2018, the Group now expects full year 2018 Adjusted EPS growth of 7 to 10% at CER, or
CER is focused on upstream oil and gas projects and has interests in the UK, Australia and Poland, and is an active operator in the latter two jurisdictions.
IOG believes that CER is a very strong and naturally well-aligned partner for IOG both in co-developing the SNS assets and in jointly acquiring and developing further upside opportunities in the Thames Pipeline Catchment Area.
Article 86--Post-Market Surveillance (PMS) Report for Class I and Periodic Safety Update Report (PSUR) for Class IIa, IIb, and III devices: This is also in addition to and separate from the CER. The PMS report is for Class I devices, is updated when necessary, and must be available when requested.
Evaluators or teams involved in the CER must be knowledgeable about the device technology, research methodology, information management (scientific or librarianship background), regulatory requirements, medical writing (post-graduate and medical writing experience), and the intended condition's diagnosis and management.
It is also true that as CER has evolved and adapted to changing economic circumstances, making progress has become more difficult, not so much because the vision is no longer there, but because as economies become more integrated attention turns to policies and regulations that have a lot to do with national sovereignty--the focus turns from at the border to behind the border.
SEM is the natural consequence of CER: the goal is to create a seamless environment for business across the Tasman.
O periodo de estudo teve inicio com a obrigacao da delimitacao de atuacao das CERs e das concessionarias de energia no ano de 2004 ate a resolucao normativa do encerramento das atividades das CERs emitido pela ANELL entre 2012/2013.
Durante todo o periodo estudado, foi analisada a participacao dos stakeholders, envolvidos diretamente no processo, a saber: as CERs, as concessionarias interessadas na parcela de mercado, o Governo Federal e o Estadual, a ANEEL e, por fim, o homem rural que era um dos principais interessados no fornecimento de energia.