Make whole: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Add links.) |
||
| Line 8: | Line 8: | ||
== See also == | == See also == | ||
* [[Issuer]] | * [[Issuer]] | ||
* [[Issuer call]] | |||
* [[Make whole clause]] | * [[Make whole clause]] | ||
* [[PRIIPs Regulation]] | |||
* [[Security]] | * [[Security]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Corporate_financial_management]] | [[Category:Corporate_financial_management]] | ||
Latest revision as of 23:18, 10 September 2021
Securities.
To make whole is the action of the issuer of security, on early redemption, of calculating and paying a redemption value calculated at the government bond yield.
The presence of a make whole clause, under which it is mandatory for an issuer to make whole in this way, potentially makes it prohibitively expensive for the issuer to take an early redemption.
