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ISMASee: International Security Market AssociationISMA Similar MatchesMismatch bondMismatch bondFloating rate note whose interest rate is reset at more frequent intervals than the rollover period (e.g. a note whose payments are set quarterly on the basis of the one-year interest rate). International Security Market Association (ISMA)International Security Market Association (ISMA)Swiss law association located in Zurich that regroups all the participants on the Eurobond primary and secondary markets. Establishes uniform trading procedures in the international bond markets. |
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