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Certificate of Government Receipts (COUGRs) U.S. Treasury fixed-income securities stripped of their coupon payments, providing payment of face value. These are synthetic securities offered by the firm A.G. Becker Paribas. Part of the "feline" family of synthetic zero-coupon Treasury securities, which include CATS, COUGRs and TIGRs. This default-free family of products provide safety of principal and transparent profits. The product is sold at a discount and redeemed at face value as there are no interest payments during the life of the security.
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