{
  "id": 1413,
  "title": "The meaning of trade size",
  "url": "/competitions/benchmark-bond-trade-price-challenge/discussion/1413",
  "author_name": "",
  "post_date": "2012-03-01T00:15:47.753Z",
  "votes": null,
  "comment_count": 1,
  "views": 3049,
  "content": "<p>The data page says that trade size is &quot;the dollar amount of the trade&quot;. In the first row of the training file, we have trade price = 128.596, trade size = 120000 and current coupon = 5.95. How many bonds have the customer bought? For what notional amount?\r\n Are coupons paid on a monthly basis, a quarterly basis, a half-yearly basis or a yearly basis?</p>",
  "messages": [
    {
      "id": "8764",
      "postDate": "03/01/2012 00:15:47",
      "content": "<p>The data page says that trade size is &quot;the dollar amount of the trade&quot;. In the first row of the training file, we have trade price = 128.596, trade size = 120000 and current coupon = 5.95. How many bonds have the customer bought? For what notional amount?\r\n Are coupons paid on a monthly basis, a quarterly basis, a half-yearly basis or a yearly basis?</p>",
      "rawMarkdown": "",
      "votes": null
    },
    {
      "id": "9043",
      "postDate": "03/05/2012 20:30:02",
      "content": "<p>Trade_size refers to the notional amount of the trade. &nbsp;Notional amount is what the bond is issued at, what the coupons are paid in reference to, and what is paid out at maturity. &nbsp;For instance a bond will be issued at $100 with a coupon of 5.5%. &nbsp;This bond\r\n will pay $5.50 a year whether the price rises to $110 or falls to $90. When the bond matures, the holder will receive $100. &nbsp;Whenever this bond is traded, it's trade_size is in reference to this $100 notional amount.</p>\r\n<p>The payment types of the bonds varies (monthy, quarterly, yearly, etc), but the coupon amounts we have provided are standardized to a yearly amount.</p>\r\n<p>-Dan</p>",
      "rawMarkdown": "",
      "votes": null
    }
  ],
  "comments": [
    {
      "id": 9043,
      "author_name": "danglaser",
      "author_url": "",
      "post_date": "03/05/2012 20:30:02",
      "content": "<p>Trade_size refers to the notional amount of the trade. &nbsp;Notional amount is what the bond is issued at, what the coupons are paid in reference to, and what is paid out at maturity. &nbsp;For instance a bond will be issued at $100 with a coupon of 5.5%. &nbsp;This bond\r\n will pay $5.50 a year whether the price rises to $110 or falls to $90. When the bond matures, the holder will receive $100. &nbsp;Whenever this bond is traded, it's trade_size is in reference to this $100 notional amount.</p>\r\n<p>The payment types of the bonds varies (monthy, quarterly, yearly, etc), but the coupon amounts we have provided are standardized to a yearly amount.</p>\r\n<p>-Dan</p>",
      "votes": null,
      "replies": []
    }
  ],
  "raw_markdown_by_id": {
    "8764": "",
    "9043": ""
  },
  "source": "meta"
}