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PIK (Payment in kind) securities |
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PIK (Payment in kind) securitiesHighly speculative bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock.PIK (Payment in kind) securities Similar MatchesDiscount securitiesDiscount securitiesNon-interest-bearing money market instruments that are issued at a discount and redeemed at maturity for full face value, e.g., US Treasury bills. Securities MasterfileSecurities MasterfileProvides up-to-date information on securities traded on UK and international markets (from the London Stock Exchange). Mortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs. SecuritiesSecuritiesPaper certificates (definitive securities) or electronic records (book-entry securities) evidencing ownership of equity (stocks) or debt obligations (bonds). Certificate of Accrual on Treasury Securities (CATS)Certificate of Accrual on Treasury Securities (CATS)Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity. Further SuggestionsBook entry securitiesDebt securities Government securities Public securities offering Agency securities Osaka Securities Exchange (OSE) Marketable securities organised securities exchange Securities Acts Amendments of 1975 Securities and Futures Authority Uniform securities agent state law examination Undigested securities US Treasury securities Treasury securities Original Issue Discount securities (OIDS) Restricted Securities Principal Exchange Rated Linked Securities (PERLS) Universe of securities Fixed income securities Securities and Exchange Commission Distressed securities Committee on Uniform Securities Identification Procedures (CUSIP) Securities Industry Committee on Arbitration (SICA) Securities and Exchange Commission Rules Treasury securities (treasuries) |
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