A Certificate of Accrual on Treasury Securities, or CATS, is a type of U.S. Treasury security that primarily appealed to income investors for its deep discount and attractive eventual yield.
U.S. Treasury issues sold at a deep discount from face value. A zero-coupon security that pays no interest during its lifetime but returns the full face value at maturity. Ideal for retirement or education planning and cannot be called.
The Toronto Stock Exchange (TSE) is the largest stock exchange in Canada, listing around 1,200 company stocks and offering 33 options. The exchange employs both open outcry and Computer Assisted Trading System (CATS) for its operations.
