Scope - Clearstream
Scope - Clearstream
Scope - Clearstream
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MARKET PRACTICE BOOK<br />
8<br />
Issue Date<br />
Issuer<br />
Issuing Agent (IA)<br />
Issuing and Paying Agent (IPA)<br />
Lead Manager (LM)<br />
Legal Counsel<br />
Manual of Procedure (MOP)<br />
New Global Note (NGN)<br />
Pricing Supplement<br />
Principal Paying Agent<br />
(PPA)/Paying Agent<br />
Private Placement Memorandum<br />
Private Placement<br />
For non-syndicated issuance, the date on which the issue<br />
proceeds are paid to the Issuer and the securities are created<br />
and distributed to investors through the ICSDs.<br />
An entity issuing securities.<br />
An agent appointed by the Issuer to issue securities to the<br />
market and receive corresponding payments, if applicable,<br />
from the Dealer on the Issue Date.<br />
An agent appointed by the Issuer to act as both the Issuing<br />
Agent and the Paying Agent under a Programme.<br />
An entity appointed by the Issuer to structure and lead the<br />
placement of a Syndicated Issue.<br />
A law firm or lawyer appointed by an entity involved in the<br />
new issues or corporate actions process as its legal adviser.<br />
Appendix to the common depository agreement. Together<br />
with the contract, the documents governing the relationship<br />
between the ICSDs and their service providers (CD/CSP).<br />
A form of Global Certificate which refers to the records of the<br />
ICSDs to determine the IOA.<br />
A document containing the specific terms and conditions of a<br />
security issued under Programme. It may also be referred to<br />
as Final Terms.<br />
An agent appointed by the Issuer to process the cash<br />
payments to be made by the Issuer (collection of coupon,<br />
redemption or other monies) related to a security.<br />
The Private Placement Memorandum could contain similar<br />
information as a prospectus for a public offering: a<br />
description of the terms of the offering, the company's<br />
business, risk factors, additional terms (i.e. antidilution<br />
protection, registration rights, control features) and summary<br />
financial information.<br />
The sale of securities directly to private persons, institutional<br />
investors, or both outside a public offering. Such non-public<br />
deals (often without a publicly available prospectus) closing<br />
through the ICSDs are placed directly with investors.
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