Bonds that the United States Treasury issued from 1982 to 1986. Each bond was sold at a considerable discount of its face value, and no interest was paid in its lifetime. Upon maturity, the bond returns to its face value.
Related information about certificates of accrual on treasury securities (CATS):
- Certificates Of Accrual On Treasury Securities (CATS) Definition ...
Issued by the U.S. Treasury and stripped by a financial intermediary, these products are sold at a significant discount from face value and pay no interest during ...
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Answer. Per: http://www.jpmorgan.com/pages/jpmorgan/investbk/contactus/faq# Question 27. I have a Certificate of Accrual on Treasury Securities ( CATS) ...
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Definition of certificates of accrual on treasury securities (CATS): Bonds that the United States Treasury issued from 1982 to 1986. Each bond was sold at a ...
- U.S. Treasury STRIPS
... marketed its Treasury Income Growth Receipts (TIGRs) and Salomon Brothers marketed its receipts as Certificates of Accrual on Treasury Securities (CATS).
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Similar products appeared in 1984, such as Certificates of Accrual on Treasury Securities (CATS) and Treasury Receipts (TRs). However, most of these ...
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Among synthetic strips issued are Certificates of Accrual on Treasury Securities ( CATS), Treasury Income Growth Receipts, and ZEBRAs (Zero-coupon ...
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Other brokerages then started to offer similar products with names like Certificates of Accrual on Treasury Securities -- CATS -- or Treasury Receipts -- TRs.
- * Treasury securities - (Business): Definition
http://www.treasurydirect.gov/indiv/help/TDHelp/glossary.htm. Certificates Of Accrual On Treasury Securities - CATS Issued by the U.S. Treasury and stripped by ...