Structured Thoughts -- Volume 4, Issue 3 -- February 6, 2013

In This Issue:

Reverse Inquiry Transactions in the Spotlight; How Will the Fed’s Proposed Foreign Bank Rules Affect Foreign Bank Debt Financing Activities in the U.S.?; IOSCO Commences Consultation on Benchmarks; and Extended Settlements and Regulation T.

Excerpt from Reverse Inquiry Transactions in the Spotlight -

“Reverse inquiry transactions” take a variety of forms. In the classic example of a reverse inquiry, a particular investor or its representative reaches out to a structured note manufacturer to request a note of a particular type, underlying asset, and other pricing terms.

In addition, a variety of transaction types, and types of relationships among the parties, fall within this rubric. A prior course of dealing may exist between the investor, on the one hand, and the product manufacturer on the other hand. The parties may engage in ongoing discussions as to a particular transaction type. In addition, an investor may reach out to a variety of manufacturers about the same investment idea, and select the one that reverts with the most favorable pricing terms.

Please see full issue below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Benchmarks, Debt, Foreign Banks, IOSCO, Regulation T, Reverse Inquiry Transactions, Settlement

Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP - Structured Products | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »