Copenhagen Stock Exchange: New Market Conventions And Principles Of Yield Calculation

As announced earlier - in Briefing no. 74, among other things - the market conventions governing calculation of accrued interest and true yields, etc will be changed with effect from 8 February 2001. At the same time, the mortgage banks will switch to mathematical drawing, so that all investors will have the same relative share of their holdings drawn corresponding to the drawing percentage rounded to the nearest amount of øre (generally 1/100 currency units). As a consequence of the new drawing procedures the face value of the bonds in question will be changed to 0.01. Read more by downloading the pdf file: http://www.briefing.xcse.dk/uk/marketkonv.pdf