Certificate on Government Receipt - COUGR (Specimen)

Certificate on Government Receipt - COUGR (Specimen)
Item# 4286cougar

Certificate on Government Receipts are treasury securities that have been stripped of their coupons. This means that COUGRs (as they are called) are bonds that pay no interest and simply mature at face value. The financial firm A.G. Becker Paribas offered COUGRs as synthetic debt securities, selling them at a discount to their face value, which guarantees a profit for buyers. Because they are U.S. Treasury securities, COUGRs are risk-free.

A. G. Becker Parabis was an investment bank that resulted from the acquisition of A.G. Becker by Banque Paribas in 1984. This acquisition was short-lived, as Banque Paribas sold A.G. Becker to Merrill Lynch later that same year. A.G. Becker was especially desirable to both companies for its knowledge and expertise in the commercial paper markets.

Close Up of Vignettes:

Certificate: Registered Zero Coupon Bond, specimen, late 1900s

Printer: Security-Columbian / United States Bank Note Company

Dimensions: 8 (h) x 12 (w)

State: NY-New York

Subject Matter: Finance and Related | Investments and Funds | Specimen Pieces

Vignette Topic(s): Female Subject | Male Subject | Animal Featured | Cat Featured

Condition: No fold lines, punch hole cancels in signature areas and body, very crisp.

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.