A security that certifies the deposit of funds by its first owner, determines the loan relationship between the bond owner and the issuer, confirms the issuer’s obligation to return its face value to the bond holder within the period specified in the prospectus or decision to issue the securities (for Ukrainian government bonds – the terms of their placement) and pay income on a bond, unless otherwise provided by the prospectus or decision to issue the securities (for Ukrainian government bonds – the terms of their placement).

Securities trader who carries out licensed brokerage activities to conclude civil law contracts for the sale and purchase of securities. The broker can provide its clients with advice on the purchase/sale of securities and other financial instruments.

The amount of money that is paid on interest-bearing bonds to its holders on the pre-determined date.

Bonds that are sold at a price below their face value. The difference between the purchase price and the nominal value of the bond, which is paid to the owner of the bond when it is redeemed, is the income (discount) on the bond.

Number (code) that allows you to uniquely identify securities or other financial instrument. ISIN assignment is required by the Ukrainian law.

An account in a depository institution, where the ownership of registered securities is recorded.

Simple yield (SIM) characterizes the yield on a bond with no coupon payments between the date of purchase and the date of redemption. This value is calculated by the formula:

P – the price of the bond;

D – yield, %;

CFi – current/future bond payment;

t_i – t₀ – the number of days between the current date and the date of the i-th payment;

T – number of the future bond payments.

Yield to maturity (YTM) measures the annual return an investor would receive if he or she held a particular bond until maturity. This value is calculated as the root of this equation:

P – the price of the bond;

D – yield, %;

CFi – current/future bond payment;

t_i – t₀ – the number of days between the current date and the date of the i-th payment;

T – number of the future bond payments.

Bonds that have fixed periodic coupon payments.