Glossary
- iBoxx indices
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- In the money
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- Index
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- ISIN
- ISM Index
- ISMA Return
- Issue
- Issuer
- Issuing price
ISMA Return
International standard for evaluating the real interest return on bonds in which interest is compounded on a daily basis.
The ISMA return (formerly known as AIBD return) determines the real interest return on bonds by compounding interest on a daily basis. Irrespective of the time at which the interest is credited, the interest that has accrued on a given day is added to the principal, itself bearing interest the following day.
In Germany, regulations on the real interest return are regulated in the Charges Disclosure Rule (Preisangabeverordnung).
AIBD stands for "Association of International Bond Dealers", the former name of ISMA (International Securities Market Association). On the Frankfurt Stock Exchange, real interest returns on bonds are calculated in accordance to the ISMA standard.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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