This page provides a glossary for the Key Deal Fields.
| 144A | A security issued under Rule 144A can be sold to Qualified Institutional Buyers without the need to register the securities with the SEC. |
| Accredited Investors |
This field allows you to search deals with or without
an accredited Investors feature.
This is a field that relates to selling restrictions. It allows you to
search for deals that can be sold to accredited investors as defined by
the SEC. See http://www.sec.gov/answers/accred.htm.
•
Select the “Yes” box if you want to find securities that have
an accredit investors selling restriction.
•
Select the “No” box if you want to find bonds that do not have
an Accredit Investors selling restriction.
•
Leave the tick box empty if you do not care whether the bond has an Accredited
Investors selling restriction.
|
| Call Option |
This field allows you to search deals with or without
a call option.
A call option is the right of the issuer to prepay (i.e., call) the bond
before the maturity date has arrived.
•
Select the “Yes” box if you want to find bonds with call options.
•
Select the “No” box if you want to find bonds that have no
call options.
•
Leave the tick box empty if you do not care whether the bond has a call
option. |
Converts/Exchanges into Shares of Company
|
This field allows you to enter the name of a company whose shares, convertibles,
exchangeables, and warrants convert or exercise. |
| Coupon |
This field allows you to search the coupon, which is the interest
paid out on the security. We also use if for the fixed payment made on
a preferred equity security.
|
| Coupon Type |
This field allows you to choose one of the different types of coupons we offer.
Use Boolean operators
to apply logic to your search.
|
| Cross Default |
This field allows you to search deals with or without a cross default.
A cross default is part of the events of default clause and protects the
bondholder if the issuer of the bond defaults on any payment due on other
bonds, debt or obligations.
In this case, the bondholder can demand his money back immediately. This
clause ensures you can demand repayment of your loan, bond or investment
at the same time as other debt has gone into default, maximising your chances
of getting your money back.
The events of default clause sets out in what circumstances an event of
default occurs. In the event of default, the issuer and creditors get certain
rights and obligations to protect the Issuer from worse things happening
and also offer the creditors the best possible chance of getting their
money back.
•
Select the “Yes” box if you want to find bonds with cross default.
•
Select the “No” box if you want to find bonds that do not have
a cross default.
•
Leave the tick box empty if you do not care whether the bond has a cross
default.
|
| Currency |
This field allows you to search the currency that the deal is issued
in.
Use Boolean operators to apply logic
to your search. |
| First Interest Payment Date |
This field allows you to search the first interest payment date, which
is the first date that investors will receive interest on the security.
|
| Global Securities |
This field allows you to search deals with or without a global securities
feature.
This is a field that relates to selling restrictions. It allows you to
find securities in a “global” form (as opposed to definitive)
that have received a separate ISIN which allows them to be sold in the
U.S. .
•
Select the “Yes” box if you want to find securities that have
this global securities selling restriction.
•
Select the “No” box if you want to find bonds that do not have
a global securities selling restriction.
•
Leave the tick box empty if you do not care whether the bond has a global
securities selling restriction.
|
| Issue Price |
This field allows you to look for securities based on their issue price.
The issue price is the price that the investor pays for the security. It
is expressed as a percentage of the principal amount. |
| Maturity Date |
This field allows you to search for the date on which the security is
redeemable. |
| Maximum Denomination |
This field allows you to search the maximum denomination of a security
which is the largest denomination of two or more denominations in which
a security can be bought. |
| Maximum Issue Price Per Security |
This field allows you to look for securities based on their maximum issue
price. This is mostly relevant for equity securities where a range of possible
issue prices is given just before launch. |
| Minimum Denomination |
This field allows you to search the minimum denomination of a security
which is the smallest lot that you can buy. |
| Minimum Issue Price Per Security |
This field allows you to look for securities based on their minimum issue
price. This is mostly relevant for equity securities where a range of possible
issue prices is given just before launch. |
| Negative Pledge |
This field allows you to search deals with or without a negative pledge.
A negative pledge is a promise by the issuer to an existing bondholder
not to provide security to any other creditor without giving the same security
to the existing bondholder.
We will also accept the narrower version of this definition that simply
states: “The issuer will not pledge or secure any assets to anyone
during the life of this bond.”
•
Select the “Yes” box if you want to find bonds with negative
pledge.
•
Select the “No” box if you want to find bonds that do not have
a negative pledge.
•
Leave the tick box empty if you do not care whether the bond has a negative
pledge.
|
| Number of Securities |
This field allows you to search the number of securities being issued.
This field is mostly relevant for equities and warrants where this is specifically
mentioned in the prospectus. |
| Payment Frequency |
This field allows you to search how frequently the coupon is paid.
Use Boolean operatorss to apply logic
to your search. |
| Principal Amount |
This field allows you to search the principal amount of the securities
issue or programme.
|
| Put Option |
This field allows you to search deals with or without a put option.
A Put Option is the right of the Investor to demand prepayment ("put")
of the bond before the Maturity Date has arrived.
•
Select the “Yes” box if you want to find bonds with put options.
•
Select the “No” box if you want to find bonds that have no
put options.
•
Leave the tick box empty if you do not care whether the bond has a put
option.
|
| Regulation S | A security issued under Regulation S can be sold outside the USA to non-US investors without the need to register the securities with the SEC.
|
| Selling Restrictions |
This field allows you to search for selling restrictions that apply to
particular countries.
Use Boolean operators to apply logic
to your search. |
| Series Number |
This field allows you to search the series number of the issue.
You will usually find the series number in pricing supplements. This number
is used by frequent issuers to help distinguish between different issues.
Use Boolean operators to apply
logic to your search. |
| Status of the Guarantee |
This field allows you to enter or select the particular status of the
guarantee that you are looking for:
• A keep-well agreement is an agreement between the parent of the borrower
and the lender in which the parent states that it will keep the borrower in good
financial health, although it is not a guarantee. Bankers ask for keep-wells
when they cannot get a guarantee. Keep-wells have little to no value as there
is no recourse to the parent if the borrower goes bankrupt.
• A “monoline” can also be selected, indicating a guaranty
by a monoline insurer which sometimes comes in the form of an insurance policy.
Use Boolean operators to apply logic
to your search. |
| Status of the Securities |
This field allows you to search for the particular status of the securities
you are looking for.
Use Boolean operators to apply logic
to your search. |
| Tax Gross-Up |
This field allows you to search deals with or without a tax gross-up.
A tax gross-up is a clause that states that in the event any withholding
taxes will be imposed on the securities, the Issuer will pay additional
amounts to the security holders such that they will receive an amount
as if no withholding tax had been imposed.
•
Select the “Yes” box if you want to find securities that have
a tax gross-up.
•
Select the “No” box if you want to find bonds that do not have
a have a tax gross-up.
•
Leave the tick box empty if you do not care whether the bond has a tax
gross-up. |
| Tranche Number |
This field allows you to search the tranche number of the issue.
The tranche number indicates the number of a tap issue. The first tap typically
is tranche number 2, the next is 3, and so on.
Use Boolean operators to apply
logic to your search. |
| USD Equivalent |
This field allows you to search the USD equivalent of the principal amount
if the principal amount is in another currency. The USD equivalent is calculated
using today’s exchange rate. |
| Well-known Name |
This field allows you to search the nickname of the deal referred to
in the market. It is the well-known name that most traders use to describe
the deal. Often used in the asset-backed market: REMIC, HAUS, TrUPs, TULIPs,
etc.
Use Boolean operators to apply logic
to your search. |
