Trading Glossary Certificate On treasury securities

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Trading Glossary: Certificate of Accrual on Treasury Securities (CATS)

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- C -

Term:

Certificate of Accrual on Treasury Securities (CATS)

Definition:

Refers to a zero-coupon US Treasury Issue that is sold at a deep Discount from the face value and pays no Coupon interest during its lifetime, but returns the Full face value at maturity.

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02/09/2012 - SV1n