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An island nation, Seychelles is located in the Somali Sea segment of the Indian Ocean, northeast of Madagascar and about 1,600 km (860 nmi) east of Kenya. The Constitution of Seychelles lists 155 named islands, [54] and a further 7 reclaimed islands have been created subsequent to the publication of the Constitution.
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In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of ...
General description. A zero coupon swap (ZCS) [1] is a derivative contract made between two parties with terms defining two 'legs' upon which each party either makes or receives payments. One leg is the traditional fixed leg, whose cashflows are determined at the outset, usually defined by an agreed fixed rate of interest.
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