Global note
From ACT Wiki
Securities - issuance.
A global note is a document that represents all the bonds that have been issued in a programme and all the terms and conditions of the bonds as set out in the prospectus are attached to and incorporated in the global note.
The circumstances where investors can obtain definitive notes in exchange for their interest in the global notes (for example if the clearing systems fail) are set out on the face of the global note. The global note is held by a custodian, the “common depository” or “common safekeeper” on behalf of the clearing systems (who in turn hold the global note on behalf of the bondholders).
