• The bank’s buying price.
• The price offered for securities by one who wishes to buy them.
• The quote a price at which a buyer may purchase a security.

A bond’s annual rate of interest, expressed as a percentage of the bond’s face value.

Discount (Disc.)

• The difference between a security’s current market price and its face value.
• Manner of selling securities which are issued at less than face value and redeemed at face value.
• Method in which interest on a loan is deducted in advance. 

• Peso-denominated notes linked to the movement of the USD/PHP exchange rate; subscription payments, coupon payments and redemption amounts are in Pesos
• Unlike other GS, there is no guarantee of principal because it is dependent on the foreign exchange factor at the time the notes are sold or redeemed
• Quotation is based in price per 100
• Coupon are subject to 20% final withholding tax and paid semi-annually
• Targeted for higher net worth clients with sophistication to comprehend the complexity of this transaction

• The value of a financial instrument, as stated on the instrument. Interest is calculated on face value. Also called Par Value or Nominal Value or Principal Amount.
• The amount for which a financial instrument can be redeemed for cash at maturity.

The rate/price quoted by a dealer to which he is committed to deal. The quoting bank has an obligation to deal if the price is firm.

• These are 2-year to 25-year issues of GS with an unconditional promise to pay an amount stated on the face of the instrument plus accrued interest at specidfic future dates.
• Bear a fixed coupon rate based on the highest bid accepted during the auction, payable semi-annually in arrears until maturity.
• Periodic coupon payments are subject to final withholding tax at the time coupon payments are made. Face value of the bond is redeemable upon their maturity date.

Government securities are evidences of indebtedness of the Republic of the Philippines, its political subdivisions and instrumentalities with an unconditional promise to pay an amount stated on the face of the certificate at a specified future date. These are direct, unconditional and fully guaranteed obligations of the National Government issued to finance the national budget and control monetary growth.

The term used to describe quotations which are not firm, and meant only to show the market level for reference purposes. A dealer has to “firm” up an indication before dealing on it.

The date the security was issued.

The date on which the principal amount becomes due and payable.

• The bank’s selling price.
• The price offered for securities by one who wishes to sell them.

• The amount for which a security is selling or is redeemed above its par value.
• Fee paid to an insurance company.
• Price paid by an option buyer for a put or call.

An agent such as a broker or a bank that stores a customer’s investment/securities for safekeeping, other than the institution who sold you the securities.

The day a seurity transaction is negotiated and executed.

These are short-term discounted, government debt instrument of one year or less. The government issues Treasury bills weekly.

• The date when transactions are settled with the payment/receipt of funds.
• The date securities must be delivered and paid for to complete a transaction.

The percentage rate of return paid if the security is held to its maturity date. The calculation is based on the coupon rate, length of time to maturity, and market price. It assumes that coupon interest paid over the life of the security is reinvested at the same rate.