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exchangeable+security

  • 1 заменяемая ценная бумага

    Stock Exchange: exchangeable security

    Универсальный русско-английский словарь > заменяемая ценная бумага

  • 2 ценная бумага, подлежащая обмену

    Универсальный русско-английский словарь > ценная бумага, подлежащая обмену

  • 3 обмениваемая ценная бумага

    ценная бумага, гарантирующая своему владельцу возможность обменять ее на акции других фирм) exchangeable security

    Русско-Английский новый экономический словарь > обмениваемая ценная бумага

  • 4 convertible preferred stock

    Fin
    stocks that give the holder the right to exchange them at a fixed price for another security, usually common stock.
    EXAMPLE
    Preferred stocks and other convertible securities offer investors a hedge: fixed-interest income without sacrificing the chance to participate in a company’s capital appreciation.
         When a company does well, investors can convert their holdings into common stock that is more valuable. When a company is less successful, they can still receive interest and principal payments, and also recover their investment and preserve their capital if a more favorable investment appears.
         Conversion ratios and prices are key facts to know about preferred stocks. This information is found on the indenture statement that accompanies all issues. Occasionally the indenture will state that the conversion ratio will change over time. For example, the conversion price might be $50 for the first five years, $55 for the next five years, and so forth. Stock splits can affect conversion considerations.
         In theory, convertible preference shares (and convertible exchangeable preference shares) are usually perpetual in time. However, issuers tend to force conversion or induce voluntary conversion for convertible preference shares within ten years. Steadily increasing ordinary share dividends is one inducement tactic used. As a result, the conversion feature for preference shares often resembles that of debt securities. Call protection for the investor is usually about three years, and a 30- to 60-day call notice is typical.
         About 50% of convertible equity issues also have a “soft call provision.” If the ordinary share price reaches a specified ratio, the issuer is permitted to force conversion before the end of the normal protection period.

    The ultimate business dictionary > convertible preferred stock

См. также в других словарях:

  • Exchangeable Security — Security that grants the security holder the right to exchange the security for the common stock of a firm other than the issuer of the security. The New York Times Financial Glossary …   Financial and business terms

  • Exchangeable Security — A security that grants its holder the right to exchange it for the common stock of a firm other than the issuer. These are often used in takeovers …   Investment dictionary

  • exchangeable security — investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument. Bloomberg Financial Dictionary …   Financial and business terms

  • exchangeable — Applies mainly to convertible securities ( convertible security). Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Most often used when a corporation has an… …   Financial and business terms

  • exchangeable instrument — Applies mainly to convertible securities ( convertible security). bond or preferred stock that may be exchangeable into the common stock of a different public corporation. Bloomberg Financial Dictionary …   Financial and business terms

  • exchangeable — adjective a) Able to be exchanged. b) Having an associated right to be exchanged for another form of financial security …   Wiktionary

  • Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • United States Treasury security — A United States Treasury security is government debt issued by the United States Department of the Treasury through the Bureau of the Public Debt. Treasury securities are the debt financing instruments of the United States federal government, and …   Wikipedia

  • Debt Exchangeable for Common Stock - DECS — A debt instrument that provides the holder with coupon payments in addition to an embedded short put option and a long call on the issuing company s stock. DECS instruments provide the holder with the right to convert the security into the… …   Investment dictionary

  • Ценная бумага — (security) 1. Актив (активы), на который кредитор имеет право оборота (регресса) при невыполнении должником своих обязательств по погашению долга. Когда речь идет о предоставлении ссуд банками или иными заимодателями, обеспечение иногда называют… …   Финансовый словарь

  • Convertible bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

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