Le caratteristiche degli strumenti di debito

Translated title of the contribution: [Autom. eng. transl.] The characteristics of debt instruments

Francesca Pampurini, Fiorenzo Di Pasquali

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

[Autom. eng. transl.] Among the financial instruments the debt securities examined in this and in the next chapters represent the most significant share of instruments in circulation both with regard to the amount of the issues and with regard to their number, of which it is even difficult if not impossible to find reliable data . If it is true that their main partition is well known and widespread, on the one hand it sees government bonds and on another side the issues of so-called private debtors, an examination that is aimed at highlighting its structure, the fruit of infinite possibilities combinations of their technical characteristics, must disregard the figures of the issuers and focus on the characteristics according to an abstract classification that will constitute the theme of this chapter. We will initially focus on the morphological elements of debt securities in their broadest sense and then go on to review the structure of some of the most common types of bond loans: first the peculiar characteristics of variable-element loans and therefore of the obligations provided will be investigated. of options, structured bonds and securities deriving from the securitization activity. The chapter will conclude with an appendix which recalls the characteristics of the «repurchase agreements» and coupon stripping operations, which play a significant role in the economy and in the practice of the financial market.
Translated title of the contribution[Autom. eng. transl.] The characteristics of debt instruments
Original languageItalian
Title of host publicationEconomia del mercato mobiliare
EditorsLoris Nadotti, Giulio Tagliavini, Mario Valletta Alberto Banfi
Pages33-71
Number of pages39
Publication statusPublished - 2016

Keywords

  • Titoli di debito
  • covered bond
  • index linked
  • obbligazioni
  • obbligazioni strutturate
  • reverse convertible
  • reverse floater

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