Attachment Action

From Open Risk Manual


Attachment Action. The combination of different security types to create a unit. Units are usually comprised of warrants and bond or warrants and equity. Securities may be combined at the request of the security holder or based on market convention. Further NOtes: is there some common term for these (see Detachment event)?; Are there separate scenarios for attachment of different kinds of security. Definition says "usually" Warrant. Probably applies to any fungible securities, whether or not warrants. For example two fungible tranches of a debt issues, that are funged later on in their life. Are these ever notified differently or have different details for warrants, fungible debt etc.? No. the message can relate to any, and the event defined here can be defined in terms of "any" securities.


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