Negotiable instrument and Private placement: Difference between pages

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A promise to pay money which is freely transferable without formality from one person to another.   
This is a form of securities issuance that has no exact definition. 
 
It usually refers to an issue that has been designed for a specific set of investor needs at a particular time. 
 
As such it is not expected to be traded in the secondary market and is not a 'public' issue.   
 
It is not normally expected to be listed on an exchange.
 
A wide variety of securities under various names are private placements. In Germany, [[Schuldschein]] are a form of private placements, for example.
 
 
== ACT Website links ==
 
[http://www.treasurers.org/blogs/ceo/201307 Colin Tyler's Blog 5 July 2013]
 
[http://www.treasurers.org/node/8624 Developing a UK Private Placement market – report of the PP15+ working group]


So a negotiable instrument can be transfered simply by endorsement or by delivery (depending what type of negotiable instrument it is).


== See also ==
== See also ==
* [[Aval]]
* [[Issue]]
* [[Bearer instrument]]
* [[Placement]]
* [[Bill of exchange]]
* [[Rule 144A]]
* [[Blank endorsement]]
* [[Secondary market]]
* [[Dishonour]]
* [[Security]]
* [[Endorsement]]
* [[Forfaiting]]
* [[Holder in due course]]
* [[Presentment]]
* [[Promissory note]]
* [[Special endorsement]

Revision as of 13:30, 1 October 2013

This is a form of securities issuance that has no exact definition.

It usually refers to an issue that has been designed for a specific set of investor needs at a particular time.

As such it is not expected to be traded in the secondary market and is not a 'public' issue.

It is not normally expected to be listed on an exchange.

A wide variety of securities under various names are private placements. In Germany, Schuldschein are a form of private placements, for example.


ACT Website links

Colin Tyler's Blog 5 July 2013

Developing a UK Private Placement market – report of the PP15+ working group


See also