Various documents available for download, including statistics

The Federal Public Debt Dept.

Quantity stripped.

Indicative yields

Tax treatment

16 bonds eligible for stripping.

Information published by The Canadian Depository for Securities. Information on both the service and recent statistics is available from the list on the right hand margin.

Investment Dealers Association of Canada Information statement on strip bonds and packages for first time purchasers (in the Bond/Capital Markets section, click on link for Strip Bonds Information Statement)

Investment Dealers Association of Canada Bulletin - Margin Requirements for Synthetic and Reconstituted Government of Canada Bonds

Investment Dealers Association of Canada Bulletin - Calculating the Margin Requirements for "Synthetic Bonds"

Bank of Canada working paper: The Canadian market for zero-coupon bonds (Winter 1996-1997)

Bank of Canada working paper: An Empirical Analysis of the Canadian Term Structure of Zero-Coupon Interest Rates (December 2004)

Bank of Canada Review article: Government of Canada Yield-Curve Dynamics, 1986-2003 NOTE: This is a shorter version of the Working Paper mentioned above.

On a per capita basis, Canada has the largest stripped value by far - more than double the U.S. In terms of total value stripped, Canada ranks second among the countries listed here.

Canada also has the most stripped underlying bonds and a number of innovations that are not currently offered in other countries.

General information

Stripping activity

Monthly bulletin provides breakdown by issue

Largest strip programme in Europe; third largest of countries listed. 29 issues eligible for stripping as of 2003/06/30

Statistics and overview

Summary statistics

Includes security numbers related to each underlying bonds. Statistics include historical data to start of service. 23 issues eligible for stripping as of 2003/06/30.

Report of working group on STRIPS

Report of informal group on STRIPS

Income Tax Department, India

Discussion of possible future implementation of strip bonds

Italian bond market overview (Brief mention of stripping service on p. 14.)

List of securities that have been stripped - select "News", then "Coupon stripping"

Newsletter announcing preliminary details of planned service

Guide to Japanese Government Bonds (2004 edition) - includes a brief mention of their strip bond service on p. 23

Press release dated Jan. 20, 2004

General information and statistics

General information and prospectus - select N.Z. Government Bonds.

Unusual two-step process to create strips representing the individual interest payments. Must first split bond into a principal piece and a coupons piece that includes all the coupons; then may separate the coupons piece into individual payments.

Outline of service, Nov. 2001

Outline of service, 2002

UNEXcCor overview of strip bond processing

Bond Exchange notice re strips

Statistics for Spanish market

General information on service.

General information for Sweden - from the Swedish National Debt Office (select Funding and Management)

Search on "Strip" to view the prospectus (in Swedish), which gives the strip ISINs

Description of the service ("The Official Gilts Strips Facility - A Paper by the Bank of England"), Memorandum and amendments to the service (Sept. 2005, May 2005, Dec. 2004)

Strip ISINs and prices (as of the previous business day)

Statistics on stripped quantities

Basic information on STRIPS

Statistics on Treasury stripping

Information on other government agency bonds that may be stripped (e.g., Farm Credit, Farmer Mac, Fannie Mae, World Bank)

Information on Stripped Fannie Maes

Includes details on the strip bond security numbers (CUSIPs) that are related to each underlying bond eligible for stripping.

Largest stripped value in the world.