Secondary spread and Security: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add quote.)
 
imported>Doug Williamson
(Link with Whole business securitisation page.)
 
Line 1: Line 1:
Secondary spread is the difference between the yield on a fixed-income corporate security trading in the secondary market, and a comparable central government risk investment, such as a gilt.
1.  


Assets pledged by a borrower, as additional protection for the lender's interest. 


:<span style="color:#4B0082">'''''Upgrade reduced spreads'''''</span>
For example a residential mortgage loan, for which the security is the residential property mortgaged to the lender.


:"Tesco was upgraded one notch to BBB- by Fitch - Tesco's first investment-grade rating since being downgraded to sub-investment grade in 2015, and testament to the team's active and effective engagement with credit rating agencies.


:The Fitch upgrade had a notable impact on Tesco's secondary spreads."
2.


:''The Treasurer magazine, Deals Edition 2019, p28.''
Other improvements to the legal or commercial position of a lender or another party, particularly in relation to credit risk.
 
 
3.
 
A tradeable legal claim upon the assets of the issuer of the security. 
 
Examples of traded securities include shares and bonds.
 
 
4.
 
Safety, including both physical safety and - for example - the confidentiality of information.
 
 
5.
 
Systems and procedures to improve safety. 
 
Including for example both physical access controls and electronic controls such as encryption and passwords.




== See also ==
== See also ==
* [[Fitch]]
* [[Alienation of assets]]
* [[Gilts]]
* [[Bells and whistles]]
* [[Investment grade]]
* [[Bond]]
* [[Notch]]
* [[Bought deal]]
* [[Secondary market]]
* [[Charge]]
* [[Spread]]
* [[Collateral]]
* [[Collateral agreement]]
* [[Deep discount issue]]
* [[Deep market]]
* [[De-listing]]
* [[Deregulation]]
* [[Dual currency bond]]
* [[Filter rule]]
* [[Financial instrument]]
* [[Firm bid/Firm offer]]
* [[Fixed charge]]
* [[Floating charge]]
* [[Insider dealing]]
* [[Investment bank]]
* [[Issue price]]
* [[Issuer]]
* [[Issuing house]]
* [[Liquidity]]
* [[Listed security]]
* [[Listing]]
* [[Medium term notes]]
* [[Mortgage ]]
* [[Negative pledge]]
* [[Non-callable]]
* [[Offer for sale]]
* [[Open-ended investment company ]]
* [[Over the counter]]
* [[Principal value]]
* [[Private placement]]
* [[Promissory note]]
* [[Prospectus]]
* [[Quotation/Quote]]
* [[Registered security]]
* [[Safekeeping]]
* [[Schuldschein]]
* [[Secured creditor]]
* [[Secured debt]]
* [[Securitisation]]
* [[SFT]]
* [[Share]]
* [[SLY]]
* [[Spens clause]]
* [[Stock]]
* [[Traded option]]
* [[Tranche]]
* [[Undated]]
* [[Undervalued]]
* [[Underwriting]]
* [[Unsecured debt]]
* [[Whole business securitisation]]
* [[Yield]]
* [[Yield]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Financial_products_and_markets]]

Revision as of 17:02, 1 October 2017

1.

Assets pledged by a borrower, as additional protection for the lender's interest.

For example a residential mortgage loan, for which the security is the residential property mortgaged to the lender.


2.

Other improvements to the legal or commercial position of a lender or another party, particularly in relation to credit risk.


3.

A tradeable legal claim upon the assets of the issuer of the security.

Examples of traded securities include shares and bonds.


4.

Safety, including both physical safety and - for example - the confidentiality of information.


5.

Systems and procedures to improve safety.

Including for example both physical access controls and electronic controls such as encryption and passwords.


See also