11:12 May 31, 2018 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) / rating | |||||||
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| Selected response from: philgoddard United States | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 | reduction |
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4 | reduction |
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Discussion entries: 1 | |
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reduction Explanation: The coupon is the interest: "one of a number of small detachable certificates calling for periodic interest payments on a bearer bond" http://www.dictionary.com/browse/coupon They're carrying out a stress test, ie a simulation of adverse events. In this case, they're determining how much revenue they'd lose if interest rates were reduced. -------------------------------------------------- Note added at 2 hrs (2018-05-31 13:45:56 GMT) -------------------------------------------------- Yes, stress is a verb. |
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Notes to answerer
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reduction Explanation: Karen: From the PDF Fitch document, asset coupon compression means a reduction in the dollar amount paid on the coupon date |
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