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Security (finance) - Wikipedia, the free encyclopedia Where A is owed a debt or other obligation by B, A may require B to deliver property rights in securities to A. These property rights enable A to satisfy its claims in the event that B becomes insolvent. The holder of a debt security is owed a debt by the issuer and is entitled to the payment of principal and interest, together with other personal rights under the terms of the issue, such as the right to receive certain information. Debt securities are generally issued for a fixed term and redeemable by the issuer at the end of that term. en.wikipedia.org /wiki/Securities   (2219 words)

Introduction to Debt Securities   (Site not responding. Last check: 2007-11-04) A debt security is evidence of a debt. These securities are considered by many to be the safest of all because of the creditworthiness of the U.S. government. A repurchase agreement (repo) is a contract between a buyer and a seller of debt securities, stating that the seller will repurchase the securities after a certain length of time or after certain conditions are met. www.ameritrade.com /education/html/encyclopedia/tutorial3   (1547 words)

Investment versus trading - a misnomer. (classifying debt securities) When debt securities are sold for the aforementioned reasons, and gains/losses are realized, this should not be viewed as abusive but as a result of prudent portfolio management. However, if the sale of the debt scurities triggers a requirement to apply LCM to the remaining $15 million 2-year fixed-rate debt securities, then the result would be a realized loss of $260,000; and total income of only $1.49 million versus $1.75 million. The intent to hold securities for the foreseeable future should be explicitly stated by management in the notes to the financial statements and should be supported by an evaluation of events that might be reasonably expected to cause the institution to decide to sell. www.nysscpa.org /cpajournal/old/08522232.htm   (3992 words)

Notes to Financial Statements Debt securities with original maturities within three months are considered cash equivalents. Debt securities with original maturities beyond three months have remaining maturities within 13 months and are considered short-term investments. These cash equivalent and short-term investment debt securities are available for sale and stated at fair value, which approximates their specific amortized cost. www.ti.com /corp/docs/investor/ar95/invest.htm   (181 words)

Dominion Sells Convertible Debt Securities The offering is part of a refinancing plan for debt securities which were called for redemption on Nov. 14 at Dominion's wholly owned subsidiary, Virginia Electric and Power Co. Proceeds will be loaned to Virginia Electric to fund a portion of the redemptions. The securities will be senior unsecured obligations of Dominion and have a coupon rate of 2.125 percent. The securities will be convertible into 13.5865 shares of Dominion common stock per $1,000 principal amount at the option of the holder, provided that the price of Dominion's common stock has appreciated to a price of at least $88.32 or certain other conditions are met. www.dom.com /news/dom2003/pr1204.jsp   (250 words)

CYTYC CORP - CYTC Securities Registration Statement (simplified form) (S-3) DESCRIPTION OF DEBT SECURITIES These debt securities may be original issue discount securities, which means that less than the entire principal amount of the original issue discount securities will be payable upon declaration of acceleration of their maturity. We may issue the debt securities of a series in whole or in part in the form of one or more global securities to be deposited with, or on behalf of, a depository or with a nominee for a depository identified in the applicable prospectus supplement relating to that series. However, any holder of debt securities is not prohibited from instituting suit for the enforcement of payment of the principal of, or premium, if any, or interest on the debt securities at their respective due dates. sec.edgar-online.com /2004/10/28/0001193125-04-179507/section11.asp   (5572 words)

Securities Industry and Year 2000 The staff of the Securities and Exchange Commission (SEC), in response to an inquiry from Congressman John Dingell, has undertaken a coordinated examination of the state of its internal preparedness as well as that of the nation's securities industry and public companies to properly handle the information processing challenges associated with the upcoming millennium change. As a general proposition, the majority of the members of the securities industry are involved in the assessment and remediation phases of the effort. Even though such securities may be registered under the Securities Act, they may not be offered for sale to the public unless a formal agreement between the issuer of the bonds and the bondholder, known as a trust indenture, conforms to the statutory standards of this act. www.sec.gov /news/studies/yr2000.htm   (8267 words)

AMERICAN EXPRESS ANNOUNCES PRICING OF ITS CONVERTIBLE DEBT SECURITIES (American Express Company) - Pressi.com   (Site not responding. Last check: 2007-11-04) The convertible debt securities were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, at an offering price of $1,000 per security. The convertible debt securities cannot be called or put prior to December 1, 2006. American Express may redeem all or some of the convertible debt securities for cash at any time on or after December 1, 2006, at their accreted principal amount plus accrued and unpaid interest, if any, to the redemption date. www.pressi.com /int/release/79505.html   (578 words)

SEC Rule Designed to Curb Fraud...   (Site not responding. Last check: 2007-11-04) While the rule was written broadly enough to encompass debt securities, "throughout its history, market participants have always understood it to have been in-tended to solve problems in the equities markets, not the debt markets," said Association Vice President and Assistant General Counsel Sarah Starkweather. "Rule 15c2-11 should not apply to debt securities because the fraud and manipu-lation that it was intended to prevent in the microcap equity and penny stock markets is simply not evident in the debt markets," she added. The Association said it believes the primary reason the debt securities market is not subject to the same kind of fraud and manipulation identified by the SEC in the equi-ties market is because debt investors are overwhelmingly institutional. www.bondmarket.com /pr/1998pr/rule15c2-11.shtml   (494 words)

debt securities marketplace   (Site not responding. Last check: 2007-11-04) Under these laws, consumers have the right to dispute debt securities charges under certain circumstances and temporarily withhold payment while the creditor is investigating them. We are confident that your debt securities purchase will be efficiently processed to your full satisfaction. Enjoy your debt securities shopping and return regularly to explore the full range of all that is on offer. loan.net--savings.com /loan-23/debt_securities.htm   (305 words)

Mezzanine Debt--Another Level To Consider   (Site not responding. Last check: 2007-11-04) Private mezzanine debt securities are highly negotiated instruments, and are thus illiquid investments. Private mezzanine debt securities are generally the lowest ranking debt obligation in a borrower's capital structure and contain a very loose covenant package. Of course, the illiquid nature of assets (mezzanine debt securities) and the uncertainty of the ramp-up period are just a couple of challenges that would need to be overcome to construct a mezzanine-backed CDO. www.fleetcapital.com /resources/capeyes/a08-03-176.html   (1322 words)

Pride International, Inc. to Sell $250 Million of Convertible Senior Debt Securities   (Site not responding. Last check: 2007-11-04) The convertible debt securities will be convertible into Pride common stock under certain conditions at a conversion price representing an 80% premium to current market price. It is expected that the convertible debt securities will be interest bearing at an interest rate to be determined and that they will bear contingent interest in certain circumstances. The convertible debt securities being sold by Pride and the underlying common stock issuable upon conversion will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. www.frcorp.com /pride-pr/042103.html   (327 words)

Eurex - Trading Conditions   (Site not responding. Last check: 2007-11-04) The debt securities must have a minimum issuance volume of DM 4 billion or in the case of new issues from January 1, 1999 onwards 2 billion EUR. (2) The debt securities that may be used to perform Euro Bobl Futures as well as the conversion factors to be applied thereto shall be determined by the Eurex Exchanges and shall be made available to the Exchange Participants on a screen display. The conversion factor adapts the price of the debt securities available for delivery to that of the contract at the end of trading. www.eurexchange.com /tradconditions/history_upd09121999.html   (229 words)

Debt securities - moneymanager.com.au Government and corporate bonds, debentures, convertible notes and hybrid debt securities are known as "fixed-interest securities". Many bonds are secured against assets of the issuing company and the investment is returned in full. Hybrid debt securities have both debt and equity characteristics, including those of convertible preference shares that convert into a dollar amount of the ordinary shares of a company at a future date and at a set discount to the ordinary share price at the time. moneymanager.smh.com.au /investing/guides/articles/wealth15.html   (499 words)

Corporate Debt Securities As an investor in corporate debt securities, you are a creditor of the issuing company. Corporate debt securities may be issued by corporations in all areas of business, such as public utilities, industrial companies, finance companies, banks and transportation companies. Corporate debt securities are referred to as fixed-income securities because they usually pay a fixed rate of interest, known as the coupon rate. www.eagletraders.com /neg_financial_instruments/corporate_debt_securities_o.htm   (415 words)

Tyco Prices $1 Billion of Debt Securities The Company expects to use the proceeds from the offering to pay-down outstanding debt under its $2 billion 5-year revolving credit facility due February 2006 upon completing negotiation of a replacement of the credit facilities. The debt securities will not be registered under the Securities Act of 1933. Unless so registered, the debt securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-06-2003/0002053211&EDATE=   (416 words)

debt securities - The Financial Reference   (Site not responding. Last check: 2007-11-04) FiscalReference.com search U.S. public debt U.S. public debt The U.S. public debt is the amount of money that the United States federal government (not the states or banks or corporations or individuals) owes. In this lesson, we'll look at the rationale behind why companies choose to issue convertible securities instead of straight bonds or equity, why convertibles are considered safer than common stocks and why you may want to buy convertible securities instead of common stocks. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. www.thefinancialreference.com /debt-securities.html   (2335 words)

Bureau of the Public Debt : Home Page August 4, 2005 — Starting October 3, 2005, with the regular weekly auction of 13 and 26-week Treasury bills, new TreasuryDirect account holders will be able to purchase and hold Treasury marketable and savings securities in one online account. During these times, the Federal Government invests some of this money and also does not need to do new borrowing to meet its obligations. U.S. Department of the Treasury, Bureau of the Public Debt www.publicdebt.treas.gov   (184 words)

Bureau of the Public Debt : Treasury Inflation-Protected Securities (TIPS)   (Site not responding. Last check: 2007-11-04) When the security matures, we pay the original or adjusted principal, whichever is greater. Of course, if you redeem an inflation-protected security, you can use the proceeds from the redemption to buy a new security of any type. Like other marketable Treasury securities, TIPS are exempt from state and local income taxes, and subject to federal income tax. www.publicdebt.treas.gov /sec/seciis.htm   (316 words)

[No title]   (Site not responding. Last check: 2007-11-04) The survey measured foreign holdings as of June 30, 2003, of $4,986 billion, with $1,564 billion held in U.S. equities, $2,946 billion in U.S. long-term debt securities (original term-to-maturity in excess of one year), and $475 billion held in U.S. short-term debt securities. This owes to the fact that securities are often held in custody in countries other than the beneficial owner's country of residence, and U.S. survey respondents may only be aware of the country where the securities are held in custody. Surveys of foreign portfolio holdings of U.S. securities are conducted annually and measure foreign holdings as of end-June each year. www.treasury.gov /tic/shl03sum.html   (408 words)

Securities Law in the Legal Research Guide   (Site not responding. Last check: 2007-11-04) The British Columbia Securities Commission provides access to its databases containing information about exempt distributions, insider trading, registered dealers/advisors, cease trade orders and decisions, reporting issuers in default and public filings (foreign issuers and notices of intention to distribute securities). Also find commentary written by securities attorneys, information about "hot issues" including the site's own analysis of the SEC's interpretive release on the use of electronic media, case digests that appear to cover mostly pending litigation, and more. Other resources available at the site include contact information for state secretaries of state, escheatment offices, and securities regulators, as well as a financial glossary, a state-by-state chart summarizing fiduciary powers, and resources for finding information about stock certificates when the transfer agent is no longer in business. www.virtualchase.com /resources/securities.shtml   (3381 words)

How the SEC Protects Investors, Maintains Market Integrity The Securities Exchange Act also governs the disclosure in materials used to solicit shareholders' votes in annual or special meetings held for the election of directors and the approval of other corporate action. Insider trading is illegal when a person trades a security while in possession of material nonpublic information in violation of a duty to withhold the information or refrain from trading. Even though such securities may be registered under the Securities Act, they may not be offered for sale to the public unless a formal agreement between the issuer of bonds and the bondholder, known as the trust indenture, conforms to the standards of this Act. www.sec.gov /about/laws.shtml   (1182 words)

FFCB - How to Purchase Farm Credit Debt Securities The Farm Credit System’s debt issuance programs provide the System Banks with a variety of funding tools designed to effectively fund their loans to farmers, ranchers and agricultural cooperatives. These programs are supported by approximately 35 investment banks and dealer banks, the Bond Dealers, that provide the financial and human resources necessary to underwrite, distribute and maintain a primary and secondary market in Farm Credit Debt Securities. These securities are not directly available from the Funding Corporation or from any of the System institutions. www.farmcredit-ffcb.com /farmcredit/programs/howto_purchase.jsp   (448 words)

Freddie Mac Press Release: FM Announces First Offering of Subordinated Debt Securities (Freddie SUBSsm) in 2002 -- ... Freddie Mac in late 2000 announced its plans to initiate a Subordinated Debt Securities Program as part of a series of six voluntary commitments to ensure that Freddie Mac's risk and capital management and disclosure standards remain at the vanguard of evolving worldwide practices. The company plans to issue subordinated debt at least twice a year, and anticipates that over a three-year phase-in period the amount of Freddie SUBS outstanding will grow to a range of $8 billion to $10 billion. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. www.freddiemac.com /news/archives2002/subs_022202.htm   (330 words)

PIK Debt Securities - Glossary - Encyclopedia - Library - VC Experts PIK Debt Securities - Glossary - Encyclopedia - Library - VC Experts (Payment in Kind) PIK Debt are bonds that may pay bondholders compensation in a form other than cash. View other documents that reference PIK Debt Securities. vcexperts.com /vce/library/encyclopedia/glossary_view.asp?glossary_id=139   (155 words)

Student Loan Marketing Association announces fixed spread tender offers to purchase debt securities for cash   (Site not responding. Last check: 2007-11-04) Except as otherwise stated, tendered Securities will be accepted only in amounts equal to or greater than the initial minimum denomination for the particular Securities and in increments of $1,000. To the extent that Securities are purchased by SLMA pursuant to the Offers, it will reduce the amount of securities SLMA will need to purchase to collateralize a trust that it expects to create to defease any of its remaining obligations when it dissolves. The Offer to Purchase (and, for holders of Securities in certificated form, the letter of transmittal) contain(s) important information and should be read in its/their entirety before a decision is made with respect to the Offers. www2.salliemae.com /news/newsreleases/2004/tenderoffer.htm   (1101 words)

BMA issues guidelines on debt securities | Bahrain Monetary Agency (BMA)   (Site not responding. Last check: 2007-11-04) The rules are aimed at encouraging and facilitating the use of debt securities as a source of financing by liberalizing the offering and listing requirements and providing adequate measures to protect the interests of the debt-holders. The rules lay down clear and definite requirements and basic conditions for issuers as well as for each class of debt securities, such as Islamic private debt securities; asset-backed securities; convertible debt securities; debt securities issued by states, state corporations and supranationals; securities issued by banks and financial institutions and by overseas issuers. 'The guidelines issued today are a milestone in the development of the debt securities market in the Kingdom of Bahrain, as they clearly specify the rights and obligations of all parties involved and provide appropriate protection to investors,' said Mr. www.ameinfo.com /news/Detailed/36047.html   (905 words)

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