Does anyone know about bond settlements?

[newjobinterviewnerves]

Random Sunday question I know and maybe not many answers but I’ve got an interview for a new job different department and new company but same industry. (Changed name as using my mums lol)

I’m prepping for interview and getting really confused. If a broker sells a bond to another bank, why would it get the coupon and then pass it on. Wouldn’t the bank just get it straight away? Also how does withholding tax work.

I’m not expected to be an expert but is there a good website that can explain? I’m trying to do lots of prep and getting really confused. I know will be good at learning if I get job, just need a break.

Thank you all for your time.

Investopeadia is your friend for this!

Thank you but I still can’t get my head around it.

1. if you buy a bond you get the Coupon right, so why will it go to a broker first? You don’t have an account with them, they are just the seller

2. if you are from country 1. You pay x amount of tax depending on agreement with country 2. Is this kind of right? But some instances mean that even if rate for your country is 15%, if you are a special type of company, you don’t pay any tax at all?

I’m not as stupid as I sound I promise, just worrying will get asked about something the job entails and I haven’t done before. Would rather make a guess than I don’t know answer.

Thanks again for all your help.