Zero Coupon Bond
Property | Option |
---|---|
Denomination | On-chain (ASA) |
Principal repayment | At maturity |
Early repayment options | No |
Interest | Fixed |
Coupons | No |
Time Schedule | Fixed (Events) |
Day-Count Convention | Actual/Actual, Continuous |
Primary Distribution | Direct placement |
Primary Market | Placed at nominal value |
Transfer Agent | Trustless |
Payment Agent | Trustless |
Secondary Market | Yes |
Default | Manual (Trustee) |
Payment Agent
Payments are trustless (i.e., can be triggered by anyone), as long as payments' conditions are met (e.g., the payment is due).
Default
Called manually by the trustee.