Live listings
The Book
Every listing carries one price: the upfront a seller will accept for a stream of future cashflows. The discount, the implied APR and your return are that one number restated.
| Stream | Class | Face | Tenor | Upfront | Discount | Implied APR |
|---|
What you hold
Positions
As the underlying pays, each distribution routes to whoever holds the stream. Your return is simply what has arrived, minus what you paid.
Sell forward
List a stream
Publish the face, the tenor and the upfront you will accept. The discount you are paying for immediacy is quoted back to you before you sign.