Cheapest To Deliver Issue definitions

Cheapest to deliver issue

The acceptable Treasury security with the highest implied repo rate; the rate that a seller of a futures contract can earn by buying an issue and then delivering it at the settlement date.
Found on http://www.encyclo.co.uk/local/20047

---

Cheapest To Deliver Issue

Bonds redeemable at par value in the case of a takeover.
Found on http://www.encyclo.co.uk/local/22402

---