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Bond Interest Paid

Bond interest is paid on a coupon date and reflects interest paid during the coupon period. If you purchase a bond in the middle of a coupon period, you will owe the previous owner of the bond interest for the period in which you do not own the bond. Bond Interest Paid reflects the amount paid to the previous owner of the bond. The total number in this section is backed out of the Dividends column in the MTM Performance Summary in Base section of the statement at the time of recognition of interest paid. The Bond Interest Paid section also ties to the Cash Report section of the statement.

Note: This section appears in the Default Statement and Legacy Full Default Statement.

Column Description
Date The date when the bond interest posted to the account.
Description The description of the bond interest.
Amount The amount of bond interest paid out.

 

Totals

Total amounts for the following fields appear at the bottom of each currency section: