Term:
Continuously Offered Payment Rights In Swiss Francs (Cops)
Definition:
Program of securities issued by the Swiss Bank Corporation on the Swiss market on behalf of the World Bank, starting in 1988. The notes are of three or six months' duration, with a minimum investment of SFr100,000. The program is indefinite (hence continuously offered). The rate will be linked to LIBOR.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt