Debt Quick Reference, Ready Reckoner, Debt Market Abbreviations

National Stock Exchange of India Ltd.

Wholesale Debt  Market Segment

Legend for Daily Market Reports

Traded Securities on WDM Segment :

1. Security Type : The instruments issued by various issuers are clubbed under different homogeneous categories which are known as Security Types.

                                                                                   

2.  Security:  Security indicates either issuer name or year of maturity or term of the instrument, depending upon nature of the instrument.

Suffixes such as A, B etc. to the security name have been given purely for the purpose of differentiating various securities issued by the same issuer and maturing in the same year and carrying the same coupon rate.

3. Issue: Issue indicates either maturity date, coupon rate or mark-up rate over  benchmark depending upon nature of the instrument.

Explanation of Security and Issue for different types of instruments is given hereunder.

Sr. No	Type of instrument	Security Indicates	Issue Indicates	Example
1	T-Bills	Term of T-bills - 91 days, 364 days	Date of maturity	“TB 364D 160503” stands for Treasury Bill issued for 364 days and maturing on 16/05/03.
2	Discounted instrument other than T-bills	Issuer	Date of maturity	“CP HDFC 061202” stands for Commercial Paper issued by HDFC  Limited maturing on  6th December 2002
3	Coupon bearing instruments including zero coupon instruments	Issuer and year of maturity.	Coupon rate	·         “GS CG2012 7.40%” stands for Govt. dated security, issued by the Central Govt. and maturing in 2012 carrying a coupon of 7.40%.  )      “PT IRFC07 8.05%” stands for taxable PSU bonds issued by the IRFC maturing in 2007 carrying a coupon rate of 8.05%.
4	Floating rate instruments	Issuer and year of maturity.	Mark-up over benchmark	“GF CG2017 +0.34%” stands for Floating Rate Bond issued by the Central Govt. maturing in 2017 with a mark-up of 0.34% over the benchmark.

4. Weighted Yield To Maturity: Weighted yield to maturity (YTM) indicated for the traded security is calculated on the basis of all trades done in the security during the day. The formula used for calculation is given below:-

            Weighted YTM = sum (Traded Value*Yield to Maturity) / sum (Traded Value)

5. Value Weighted Average Price / Rate: Value weighted average price indicated for the traded security is calculated on the basis of all trades done in the security during the day. The formula used for calculation is given below:-

Value Weighted Average Price = sum (Traded Value*Traded Price) / sum (Traded Value)

6. Government Securities: The instruments which are issued by Central Government and State Government are clubbed under the category of Government Securities.

7. Non-Government Securities: The instruments for which issuer is other than Central Government and State Government are clubbed under the category of Non-Government Securities.

List of Security Types
Issuer	Description	Regular Lot
Central Government	Compensation Bond	GD
	Converted Stock	GC
	Floating Rate Bond	GF
	GOI Dated Securities	GS
	Partly Paid up Loan	GP
	Treasury Bill	TB
	Zero Coupon Bond	GZ
	Index Bond	GI
State Government	Development Loan	SG
	Tax-Free Power Bond	SP
	Taxable Power Bond	SX
Local Bodies	Municipal Taxable Bond	MT
	Statutory Corpn. Taxable Bond	TS
	Statutory Corpn. Tax-Free Bond	SF
	Municipal Tax-Free Bond	LF
Public Sector Unit	Promissory Note	PD
	Taxable Bond	PT
	Tax-Free Bond	PF
	Zero Coupon Bond	PZ
	Cumulative Bond	PE
	Infrastructure Bond	PI
	Floating Rate Bond	PR
Institutions	Floating Rate Bond	FB
	Non-SLR Bond	ID
	SLR Bond	IB
	Zero Coupon Bond	IZ
	Deep Discount Bond	DI
	Tax-Free Bond	IF
Supra-Instititutions	Deep Discount Bond	FD
	Tax-Free Bond	FF
	Promissory Note	FP
	Floating Rate Bond	FR
	Taxable Bond	FT
	Zero Coupon Bond	FZ
Banks	Bond	BB
	Certificate of Deposit	CD
	Floating Rate Bond	BF
	Zero Coupon Bond	BZ
	Perpetual Bond	BP
Corporate	Commercial Paper	CP
	Debentures	DB
	Promissory Note	CN
	Deep discount Debentures	DC
	Securitized Debt	SD
	Floating Rate Debenture	CF
	Infrastructure Bond	CI
Mutual Funds	Unit 64	US
	Mutual Funds units	MF
	Mutual fund cumulative	MC