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Bond interest is paid on a coupon date and reflects interest paid during the coupon period. If you sell a bond in the middle of a coupon period, the new owner of the bond will owe you interest for the period you owned 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 received. The Bond Interest Received section also ties to the Cash Report section of the statement.
Note: This section appears in the Default Statement and Legacy Full Default Statement.
|Date||The date when the bond interest posted to the account.|
|Description||The description of the bond interest.|
|Amount||The amount of bond interest received.|
Total amounts for the following fields appear at the bottom of each currency section: