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Obligation Assimilable Du Trésor
OATs (Obligations assimilables du Trésor) are government bonds issued by Agence France Trésor (French Treasury), generally by auction according to an annual calendar published in advance. These fungible securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ... are issued with maturities of seven to 50 years, and have become the method of choice for placing the French government's long-term debt. See also * List of government bonds * BTF * BTAN References Economy of France Government bonds issued by France {{econ-policy-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Bonds
A government bond or sovereign bond is a form of bond issued by a government to support public spending. It generally includes a commitment to pay periodic interest, called coupon payments'','' and to repay the face value on the maturity date. For example, a bondholder invests $20,000, called face value or principal, into a 10-year government bond with a 10% annual coupon; the government would pay the bondholder 10% interest ($2000 in this case) each year and repay the $20,000 original face value at the date of maturity (i.e. after 10 years). Government bonds can be denominated in a foreign currency or the government's domestic currency. Countries with less stable economies tend to denominate their bonds in the currency of a country with a more stable economy (i.e. a hard currency). All government bonds carry default risk; that is, the possibility that the government will be unable to pay bondholders. Bonds from countries with less stable economies are usually considered t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fungible
In economics and law, fungibility is the property of something whose individual units are considered fundamentally interchangeable with each other. For example, the fungibility of money means that a $100 bill (note) is considered entirely equivalent to another $100 bill, or to twenty $5 bills and so on, and therefore a person who borrows $100 in the form of a $100 bill can repay the money with another $100 bill, with twenty $5 bills and so on. Non-fungible items are not considered substitutable in the same manner, even if essentially identical. Fungibility is an important concept in finance and commerce, where financial securities, currencies and physical commodities such as gold and oil are normally considered fungible. Fungibility affects how legal rights, such as the ownership of assets in custody and the right to receive goods under a contract, apply in certain circumstances, and it thereby simplifies trading and custody. Fungibility refers only to the equivalence and i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than Equity (finance), equity and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., Warrant (finance), equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic (Dematerialization (securities), dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maturity (finance)
In finance, maturity or maturity date is the date on which the final payment is due on a loan or other financial instrument, such as a Bond (finance), bond or term deposit, at which point the Bond (finance)#Principal, principal (and all remaining interest) is due to be paid. Most instruments have a ''fixed maturity date'' which is a specific date on which the instrument matures. Such instruments include fixed interest and variable rate loans or debt instruments, however called, and other forms of security such as redeemable preference shares, provided their terms of issue specify a maturity date. It is similar in meaning to "redemption date". Some instruments have ''no fixed maturity date'' which continue indefinitely (unless repayment is agreed between the borrower and the lenders at some point) and may be known as "perpetual stocks". Some instruments have a range of possible maturity dates, and such stocks can usually be repaid at any time within that range, as chosen by the bor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Government Bonds
This is a list of categories of government bonds around the world. Main issuers Country by country data Asia Issued by: Ministry of Strategy and Finance *Korea Treasury Bond (KTB) *Korea International Bond (KIB) *National Housing Bond (NHBMinistry of Strategy and Finance Issued By: Ministry of Finance (Zaimu-shō) *Japanese Government Bonds (JGBs) **Revenue Bonds/Straight Bonds **Financing Bills **Subsidy Bonds **Subscription Bonds **Contribution Bonds **Demand Bonds (kofu kokusai) **Index-linked Bonds (JGBiMinistry of Finance Issued by: Hong Kong Monetary Authority * Government Bond Programm Issued by: [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BTF (finance)
BTFs (Bons du Trésor à taux fixe et à intérêts précomptés) are fixed-rate short-term discount Treasury bills issued by the French debt agency Agence France Trésor (AFT). They are fungible securities whose original maturity is less than or equal to one year. BTFs are issued on a weekly basis by auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from th ..., according to a quarterly calendar published in advance specifying the maturity of bills to be auctioned. A 3-month BTF is issued each week, together with a semi-annual or annual BTF. References * DesJardine, M., & Bansal, P. T. (2015). Failing to meet analysts’ expectations: How financial markets contribute to corporate short-termism. ''Available at SSRN 2674258''. * Lockwood, T., & Renda-Tanali, I. (2010). A New Market Ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BTAN
A BTAN or Bon à Taux Annuel Normalisé (''Pl.: Bons à Taux Annuel Normalisés'') was a coupon-bearing French government bond A government bond or sovereign bond is a form of Bond (finance), bond issued by a government to support government spending, public spending. It generally includes a commitment to pay periodic interest, called Coupon (finance), coupon payments' ... with a two to five year maturity. The last of these matured on 25 July 2017. References * External linksThe Last BTAN Is Redeemedde l' Agence France Trésor, qui gère la dette de l'État Government bonds issued by France {{econ-term-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of France
The economy of France is a Developed country, highly developed social market economy with notable State-owned enterprise, state participation in strategic sectors. It is the world's List of countries by GDP (nominal), seventh-largest economy by nominal GDP and the List of countries by GDP (PPP), ninth-largest economy by Purchasing Power Parity, PPP, constituting around 4% of world GDP. Due to a volatile currency exchange rate, France's GDP as measured in dollars fluctuates sharply, being smaller in 2024 than in 2008. France has a diversified economy, that is dominated by the service sector (which in 2017 represented 78.8% of its GDP), whilst the industrial sector accounted for 19.5% of its GDP and the primary sector accounted for the remaining 1.7%. In 2020, France was the largest Foreign Direct Investment recipient in Europe, and Europe's second largest spender in research and development. It was ranked among the 10 most Innovation, innovative countries in the world by the 2020 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
