Call protection: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand.) |
imported>Doug Williamson (Add link.) |
||
| Line 10: | Line 10: | ||
* [[Call risk]] | * [[Call risk]] | ||
* [[Hard call protection]] | * [[Hard call protection]] | ||
* [[Security]] | |||
* [[Soft call protection]] | * [[Soft call protection]] | ||
* [[Spens clause]] | * [[Spens clause]] | ||
Revision as of 12:57, 29 October 2016
Protection for lenders/investors in securities, against the potentially adverse effects of call risk.
The issuer's right to call for early redemption is restricted. For example, they may be prevented from making a call until a specified time period has elapsed.
Non-bank investors buying bank loans in the secondary market have been the source of pressure for some call risk protection in loans.
