V2EX clean price

Clean Price

定义 Definition

Clean price(净价):在债券等固定收益证券交易中,不包含应计利息(accrued interest)的报价/成交价格。与之相对的是 dirty price(全价),即净价 + 应计利息。该术语最常见于债券市场报价与结算语境中。

发音 Pronunciation (IPA)

/klin pras/

例句 Examples

The bond is quoted at a clean price of 98.50.
这只债券的报价净价为 98.50。

Investors often compare clean prices across bonds, then add accrued interest to obtain the full settlement amount.
投资者常用净价来比较不同债券的价格,再加上应计利息以得到结算时应付的全额。

词源 Etymology

clean 在金融语境里常引申为“剔除某些附加因素后的、更便于比较的”,这里指剔除债券持有期间累积但尚未支付的利息;price 为“价格”。因此 clean price 直译为“干净的价格”,实际含义是“不含应计利息的价格(净价)”。

相关词 Related Words

文学与著作中的用例 Literary Works

  • Fixed Income Securities: Tools for Today's Markets(Bruce Tuckman & Angel Serrat)讨论债券定价与报价时使用 clean price/dirty price 的区分。
  • Bond Markets, Analysis, and Strategies(Frank J. Fabozzi)在债券市场报价、应计利息与结算金额章节中出现并解释 clean price
  • CFA Institute Curriculum(特许金融分析师教材,Fixed Income 部分)以标准术语讲解 clean price、应计利息及全价结算关系。
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