conversion factors(redirected from Conversion of units)
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Rules set by the Chicago Board of Trade for determining the invoice price of each acceptable deliverable Treasury issue against the Treasury Bond futures contract.
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The rates used to adjust differences in bond values for delivery on a U.S. Treasury bond futures contract. Because the contract calls for the equivalent of an 8% coupon, 20-year maturity bond, it is necessary to convert other securities that are acceptable for delivery.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.