What is the meaning of Conversion Factor?

For the credit futures markets, it is the number that relates different coupons and acceptable deliverable maturities for delivery against the contract standard of an 8 percent coupon and the stipulated acceptable time remaining to maturity specifications. For the security markets, it is the contractual number that indicates how many shares a convertible security can be exercised into at any point in time.

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APABarry Goldsmith. (2010). conversion factor. Retrieved September 20, 2026, from http://smartdefine.org/conversion_factor/definitions/1150748
ChicagoBarry Goldsmith. 2010. "conversion factor" http://smartdefine.org/conversion_factor/definitions/1150748 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, conversion factor, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/conversion_factor/definitions/1150748>.
MLABarry Goldsmith. "conversion factor" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/conversion_factor/definitions/1150748>
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