RAMS® The product lines supported include, but are not limited to, Treasuries, Adjustable Rate Mortgages (ARMs), CMOs, Floaters, Mortgage Backed Securities, over-the-counter treasury and mortgage backed options, zero coupon/strips, corporate bonds, high yield bonds, convertible securities, equities, International Fixed Income bonds, currencies, futures, and options.
Wikipedia Links
Zero-Coupon Bond Zero-coupon bonds are bonds which do not pay interest payment (also known as coupon payments). The bonds are purchased at a discount from what they will be worth when they mature. The holder of a zero coupon bond is entitled to receive a single payment, usually of a specified sum of money at a specified time in the future. Some zero coupon bonds are inflation indexed, and so the amount of money that will be paid to the bond holder is calculated to have a set amount of purchasing power rather than a set amount of money, but the majority of zero coupon bonds pay a set amount of money known as the face value of the bond.