Full-price trading refers to the bond trading mode in which the accrued interest is included in the bond price, in which the accrued interest refers to the interest of the bond from the last interest payment date to the purchase date.
Net price transaction is a price transaction without interest. This trading method decomposes the quoted price and accrued interest of bonds. The price only reflects the change of the market value of the principal, and the interest is calculated in days according to the face value interest rate, and the holder enjoys the interest income during the holding period.
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The trading methods of listed bonds generally include spot trading, repurchase trading and futures trading.
1, spot trading
Cash spot trading, also known as cash spot trading, is a trading method in which both buyers and sellers are satisfied with the buying and selling price of bonds and deliver them immediately after the transaction, or in a very short time.
For example, investors can buy and sell listed bonds directly through securities accounts at various securities outlets of Shenzhen Stock Exchange.
2. Repurchase transaction
It means that when the bondholder, issuer and purchaser reach a deal, it is agreed that the issuer must buy back the bonds originally sold from the purchaser at an agreed price at an agreed time in the future, and pay interest at an agreed interest rate (price).
Both Shenzhen Stock Exchange and Shanghai Stock Exchange have bond repurchase transactions, and both institutional legal persons and individual investors can participate.
3. Futures trade
Bond futures trading refers to a group of transactions that are delivered and settled at the price stipulated in the futures contract at a specific time in the future after the two parties complete the transaction. Bond futures trading.
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