Mandatory Put Event

Definition

Mandatory Put Event.

There is a Put Bond, which is a kind of option in the sense that in return for getting less yield it allows you to put it back to the issuer. This means Put is a voluntary event. Therefore Mandatory Put is nonsensical? discussion: Or is it? If you are the issuer (therefore the granter of the option) then the event is to the holder). Partly paid shre for example gives the issuer the right to call funds but also has the right to put. So put is not by definition ... someone can have the right to put something. Conclusion: these do not appear to make sense as terms. A put bond allows the holder to redeem the issue. So this is by definition a voluntary event. Conclusion: go back to Pershing and find out what this term meant. Also we don't even know what kind of security this event was intended to refer to. We assume it refers to Put bond. This is on the assumption that Options can't be defined as having corporate action.

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