ICCL

ICCL

ICCL is acronym of Indian Clearing Corporation Limited is wholly owned subsidiary of BSE Ltd. It a clearing house and carries out the function of clearing, settlement, collateral management and risk management for various segments of BSE. It act as a central counterparty to all the trade.

INDEX LINKED BOND

INDEX LINKED BOND

Index linked bonds are the bonds which are linked to a certain index such as inflation rate to adjust interest rate to the inflation.

INFLATION

INFLATION

Inflation is the rate of increase in prices over a given period of time. 

INFORMATION MEMORANDUM

INFORMATION MEMORANDUM

 The offered document which contains the disclosures of Companies Act, 2013 and the rules thereof, also includes summary of term sheets, material updates including ratings, rationales, financial ratios as specified in schedule I, indicating pre and post issue changes.

INFRASTRUCTURE BONDS

INFRASTRUCTURE BONDS

These are bonds issued by the government or government authorized corporations to fund infrastructure projects. Additionally certain Banks are also allowed to issue such bonds against the infrastructure funding that they do.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING

Process of offering/selling securities (shares or bonds) of the company to the public in the primary market.

INTEREST

INTEREST

Compensation paid or to be paid for the use of borrowings, generally expressed in terms of annual percentage rate.

INTEREST RATE RISK

INTEREST RATE RISK

Volatility in the interest rates which results in the changes in return from the market thus changing the value of asset.

INTEREST SERVICE COVERAGE RATIO

INTEREST SERVICE COVERAGE RATIO

Ratio used to determine the ability of a company to be able to make interest payments on all outstanding debts.

INTERNAL RATE OF RETURN

INTERNAL RATE OF RETURN

It is a discount rate which brings down the value of future investments to present value and thus is helpful to calculate the profitability of potential investments.

ISIN

ISIN

An International Securities Identification Number is a unique identification alpha numeric code allotted for each security in the depository system by SEBI.

ISSUE DATE

ISSUE DATE

The date on which new security is traded or a bond starts to accrue interest is the issue date.

ISSUE PRICE

ISSUE PRICE

The value of a security when it is first issued in the market.

ISSUER

ISSUER

In a bond market, the issuer of the bond is the borrower (can be government/ corporate/private company), raising a definite sum of money from potential investors at a certain interest rate.