Variable Coupon Renewable Note (VCR)

Variable Coupon Renewable Note (VCR)

What is ‘Variable Coupon Renewable Note – VCR’

A renewable fixed income security with variable coupon rates that are periodically reset. A Variable Coupon Renewable Note is a type of debt security with a weekly maturity. The principal of this security is reinvested automatically at new interest rates, every week it matures.

Explaining ‘Variable Coupon Renewable Note – VCR’

Usually the coupon is set on a weekly basis at a fixed spread over the T-bill rate. The security is reinvested automatically, continuously, until the owner of the security requests that the security is no longer reinvested. The initial rate of this security is linked to the T-bill rate, which is backed by the full faith and credit of the U.S. government. T-bills have a maturity of one year or less.

Further Reading

  • Experimental investigations on a variable compression ratio (VCR) CIDI engine with a blend of methyl esters palm stearin-diesel for performance and emissions – [PDF]
  • A note on the effect of tax brackets on non-renewable resource extraction – [PDF]
  • Developing of ANN model for prediction of performance and emission characteristics of VCR engine with orange oil biodiesel blends – [PDF]
  • Experimental investigation on engine performances, combustion characteristics and emission of exhaust gases of VCR engine fuelled with cottonseed oil methyl ester … – [PDF]
  • Accounting for Taxes and Financing – [PDF]
  • Techno-Economic Trade-Off between Battery Storage and Ice Thermal Energy Storage for Application in Renewable Mine Cooling System – [PDF]