Separate trading of interest nominative and principal of debt (principal) of tu00ectulos system, method and computer program product

摘要

Separate trading of interest nominative and principal of debt (principal) of tu00ectulos system, method and computer program product for a method and an apparatus for investment are established.By taking the present value of a future liability as the starting point, securities with incidence of interest or derivatives, can be purchased, which may have a duration less than that of the future liability, but are purchased in the multiple sufficient so that the duration of the investment LV Zes the multiple amounts to the duration of the future liability.The securities or derivatives of a shorter duration in almost all cases will have interest rates that are lower than those associated with a title or similar derivative whose duration matches that of the future liabilities.As the length reduces to the securities or derivatives are available, the interest rates of each also decrease, but not as fast as the rate of decrease of duration.By the use of leverage, the securities or derivatives can be purchased in quantities such that the duration of the investment combines with that of future liabilities, but the total amount of interest available from the investment profit will exceed that for a similar instrument whose Du Feed with that of future liabilities.