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Tel quel
French term for flat; without accrued interest. Expression used in the trading of fixed-interest securities to indicate that the price of the security includes current interest and any future interest income not yet paid (tel quel price). This price is quoted on the Swiss Exchange for dual currency bonds and bond issues in default.
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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