Discount Note

Discount Note

A debt security with a maturity of one year or less issued at a discount to its face value. For example, if a discount note has a face value of $1,000, it may be issued to the holder at $900. When it matures, the holder receives the full $1,000. A discount note does not pay a coupon; rather, the difference between the discount and the face value takes the place of the coupon. See also: coupon-equivalent yield.
References in periodicals archive ?
the candidate proposes in the discount note a delivery time of the supplies (less than or equal to the maximum delay of 2 days) and a deadline for completion the issuance of purchase orders can only take place during the period of validity of the framework agreement.
M2 EQUITYBITES-March 25, 2014--World Bank adds CastleOak Securities to discount note dealer group
BANKING AND CREDIT NEWS-March 25, 2014--World Bank adds CastleOak Securities to discount note dealer group
It plans to finance USD70m of the purchase price for West Sirius's owber with the proceeds from the issue of a zero coupon discount note to the vendor.
During this period, the rate is based on the one-month Freddie Mac Reference Bill[R] index, a short-term, unsecured debt Freddie Mac issues to supplement its weekly discount note program.
Both use r within a range of reasonable rates which range from Treasury Bill rates of 5% to 50% which is a not unreasonable rate for an unsecured discount note for a small business start-up charged by venture capital firms.
The services will be remunerated, for the batches 1 and 3 by unit prices of the catalog to which will be applied the discounts of the discount slip, for the lot 2 by the unit prices of the bordereau de prix unitary and the catalog to which will also be applied the discounts of the discount note; delivery of dematerialized offers mandatory.
The delivery time of the supplies, Less than or equal to the maximum period, Must be specified in section e of the deed of commitment and in the discount note. The period of completion of related services is to be specified in the schedule of benefits.
Building on investor demand, IFC will establish a Singaporean dollar-denominated discount note program and a program aimed at retail investors in Singapore.
Previously, participation from this investor base was limited to select offshore RMB bond and discount note issuances which were registered with the Securities and Echange Ccommision or issued by supranationals (such as the International Finance Corporation).
Aside from Treasury discount notes, securities issued by Government Sponsored Enterprises were the next largest source for fund assets.
The National Bank of Kazakhstan on March 27 launched a new mobile application - Invest Online, which can be used to buy discount notes of the central bank.