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The ECB has approved the use of a security issued by Macquarie as collateral.
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An ETN is a debt security issued by an index provider or a bank and traded on the market; an ETV is similar, but the debt issuer is a special-purpose vehicle.
Correction: July 14 , 2001 Saturday The Floyd Norris column in Business Day yesterday, about financial troubles at Corning Inc., misidentified a $2 billion security issued by the company.
Underlying that security was another one, a "trust preferred" security issued by JPMorgan Chase and sold to institutional investors.
It would extend to swearing off any securities issued by enablers of these name-sprayers.
The fund, which invests mainly in triple-A rated mortgage securities issued by Fannie Mae and Freddie Mac, has received $400 million in margin calls, and some lenders started to liquidate collateral for $5 billion of debt.
The payment is the largest ever by a bank, brokerage firm or auditor to settle a fraud case brought by investors who bought securities issued by a corporation that was advised by one of those firms.
Some investors voluntarily avoid buying securities issued by a company that is not considered investment grade; others are forbidden to do so by their own rules.
Some investors voluntarily avoid purchasing securities issued by a company that is not considered investment grade by large credit rating companies; others are forbidden to do so by their own rules.
In a case filed in April 2009 MBIA sued Patriarch for $60 million for allegedly breaching its obligation to transfer debt securities issued by a Patriarch-managed CDO, leaving MBIA holding the bag.
The rest goes to holders of preferred securities issued by an affiliate of Warnaco, Designer Finance Trust, and to Alvarez.
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CEO of Professional Science Editing for Scientists @ prosciediting.com