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GB/T 42336-2023: Interest calculation specification for fixed income securities
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| GB/T 42336-2023 | English | 279 |
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Interest calculation specification for fixed income securities
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GB/T 42336-2023
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Basic data | Standard ID | GB/T 42336-2023 (GB/T42336-2023) | | Description (Translated English) | Interest calculation specification for fixed income securities | | Sector / Industry | National Standard (Recommended) | | Classification of Chinese Standard | A11 | | Classification of International Standard | 03.060 | | Word Count Estimation | 14,129 | | Date of Issue | 2023-03-17 | | Date of Implementation | 2023-03-17 | | Issuing agency(ies) | State Administration for Market Regulation, China National Standardization Administration | GB/T 42336-2023: Interest calculation specification for fixed income securities---This is a DRAFT version for illustration, not a final translation. Full copy of true-PDF in English version (including equations, symbols, images, flow-chart, tables, and figures etc.) will be manually/carefully translated upon your order.
ICS 03.060
CCSA11
National Standards of People's Republic of China
Standards for Accounting Interest on Fixed Income Securities
Released on 2023-03-17
2023-03-17 Implementation
State Administration for Market Regulation
Released by the National Standardization Management Committee
table of contents
Preface III
1 Scope 1
2 Normative references 1
3 Terms and Definitions 1
4 symbols 2
5 Discounted and zero-coupon fixed-income securities interest accounting model 3
5.1 Overview 3
5.2 Interest calculation formula 3
6 Interest Accounting Model 3 for fixed-income securities
6.1 Overview 3
6.2 Interest calculation formula 3
7 Interest calculation model of interest-bearing fixed-income securities 4
7.1 Overview 4
7.2 Interest calculation formula 4
8 The selection and correlation of relevant elements for the benchmark interest rate of floating-rate fixed-income securities to take effect 6
9 Applicable interest accounting methods for different types of fixed-income securities 6
9.1 Government bonds6
9.2 Central bank notes 7
9.3 Financial bonds, corporate bonds, international agency bonds, etc. 7
9.4 Corporate bonds 7
9.5 Debt financing instruments of non-financial enterprises and short-term financing bills of securities companies7
9.6 Credit asset-backed securities 7
Reference 8
foreword
This document is in accordance with the provisions of GB/T 1.1-2020 "Guidelines for Standardization Work Part 1.Structure and Drafting Rules for Standardization Documents"
drafting.
Please note that some contents of this document may refer to patents. The issuing agency of this document assumes no responsibility for identifying patents.
This document is proposed and managed by the National Financial Standardization Technical Committee (SAC/TC180).
This document was drafted by. China Central Depository and Clearing Co., Ltd., Interbank Market Clearing House Co., Ltd., China Securities Depository Co., Ltd.
Settlement Co., Ltd., China Foreign Exchange Trading Center (National Interbank Funding Center), Shanghai Stock Exchange (China Securities Museum
Museum), Shenzhen Stock Exchange, China Financial Futures Exchange Co., Ltd., China Banking Association, Industrial and Commercial Bank of China Co., Ltd.
Company, Agricultural Bank of China Co., Ltd., Bank of China Co., Ltd., China Construction Bank Corporation, HSBC Bank (China)
Ltd.
The main drafters of this document. Xu Liangdui, Zhou Yan, Liang Heng, Dong Yi, Cao Jun, Li Hao, Li Zihan, Tang Difei, Wei Cheng, Xie Bingqing, Wang Xiaodan,
Jiang Yue, Li Xiaoqing, Sun Zhishan, Liang Ying, Xun Xiaoqing, Zheng Ruijing, Wang Wei, Zhong Junfeng, Han Yi, Fan Wei, Gao Yao, Que Hanyu, Jia Xianggong, Yu Feifei,
Li Gang, Jiang Ming, Wu Jingyi, Sun Yue, Yuan Bin.
Standards for Accounting Interest on Fixed Income Securities
1 Scope
This document specifies the interest accounting models for discounted, zero-interest, interest-accompanied, and interest-bearing fixed-income securities.
The selection and correlation of relevant elements for the effective benchmark interest rate of interest securities, as well as the interest accounting methods applicable to different securities varieties.
This document is applicable to the calculation of interest payable by issuers of fixed-income securities registered and managed within the territory of the People's Republic of China.
Note. There is no limit to the currency of fixed-income securities, and this document takes RMB as an example for regulations.
2 Normative references
This document has no normative references.
3 Terms and Definitions
The following terms and definitions apply to this document.
3.1
Security holders obtain fixed income within a specific period of time and know in advance the amount and time of obtaining income.
3.2
interest interest
Fixed-income securities issuers lend funds to securities holders according to the agreed coupon rate, interest payment frequency, interest calculation method and repayment period.
compensate.
Note. The interest calculation methods include zero-interest, discount, interest with principal, and interest-bearing (fixed rate/floating rate).
3.3
Couponrate
The interest rate that the issuer promises to pay when a fixed-income security is issued.
Note. The coupon rate of fixed-rate securities is usually the annual interest rate calculated by the simple interest method, which remains unchanged during the duration of the securities, and the coupon rate of floating-rate securities
It changes with the change of the benchmark interest rate during the duration.
3.4
couponfrequency
The time interval between two adjacent interest payment dates for interest-bearing fixed-income securities.
Note. The interest payment cycle can usually be divided into monthly interest payment (January/time), quarterly interest payment (March/time), semi-annual interest payment (June/time) and annual interest payment (December/time)).
3.5
maturity of securities
The time period of a fixed income security from value date to maturity date.
Note. The unit of security term can be day, month or year.
3.6
coupon period
The interest calculation period from the value date (previous interest payment date) to the next interest payment date of fixed income securities.
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