Difference between revisions of "Maturity Extension"

From Open Risk Manual
(Initial Entry)
 
 
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'''Maturity Extension'''. As stipulated in a bond's Terms and Conditions, the issuer or the bondholder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.
 
'''Maturity Extension'''. As stipulated in a bond's Terms and Conditions, the issuer or the bondholder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.
  
This would ne notified in advance. Fits into the normal "Action" workflow. SWIFT = EXTM
 
  
 
== Disclaimer ==
 
== Disclaimer ==
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[[Category:Corporate Actions Events]]
 
[[Category:Corporate Actions Events]]
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[[Category:Credit Events]]
  
 
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/CAE/CorporateEvents/CorporateActionsEvents/index-en.html }}
 
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/CAE/CorporateEvents/CorporateActionsEvents/index-en.html }}
  
 
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Latest revision as of 11:20, 31 March 2021

Definition

Maturity Extension. As stipulated in a bond's Terms and Conditions, the issuer or the bondholder may prolong the maturity date of a bond. After extension, the security may differ from original issue (new rate or maturity date). May be subject to bondholder's approval.


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.