The first three letters identify the issuer. The fourth letter identifies the type of security. It is an alphabetical code indicating the number of that particular security in the series on issue by the company. The bid price is the price a buyer is willing to pay for a bond. The ask price is the price a seller is willing to accept for a bond.
Some bonds require a buyer to make a minimum investment at any one time.
Potential buyers should check the prospectus or ask their broker to determine if this is so. Settlement Interest rate securities are settled in the same way as shares. Taxation Investment in equity and interest rate securities may carry different tax implications. Investors should check with their accountants or financial advisers regarding the tax implications of their investments strategies. Stamp Duty Stamp duty is payable to state governments on share transactions.