Make whole: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages.) |
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Revision as of 21:53, 14 January 2018
US - 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 US 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.
