mandatories

English translation: mandatories

09:04 May 11, 2010
French to English translations [PRO]
Bus/Financial - Investment / Securities / convertibles arbitrage
French term or phrase: mandatories
"Instruments utilisés : obligations Convertibles et assimilées (échangeables, preferreds, mandatories, ORA ...)"
Walden
Local time: 05:31
English translation:mandatories
Explanation:
I'm not sure why this question is being posted, as this is already an English term and could have been found very easily with a little googling.

A mandatory is a type of convertible bond which is automatically converted into its underlying equity at maturity.

See http://www.fow.com/Article/1382842/Issue/26557/Popularity-is...
Selected response from:

Rob Grayson
United Kingdom
Local time: 05:31
Grading comment
With thanks



Summary of answers provided
5 +2mandatories
Rob Grayson


  

Answers


7 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
mandatories


Explanation:
I'm not sure why this question is being posted, as this is already an English term and could have been found very easily with a little googling.

A mandatory is a type of convertible bond which is automatically converted into its underlying equity at maturity.

See http://www.fow.com/Article/1382842/Issue/26557/Popularity-is...

Rob Grayson
United Kingdom
Local time: 05:31
Specializes in field
Native speaker of: English
PRO pts in category: 54
Grading comment
With thanks

Peer comments on this answer (and responses from the answerer)
agree  writeaway: even with my vastly underwhelming knowledge of the field, I did think it already sounded very English. thought it was posted in the wrong pair actually :-)
1 hr
  -> Thanks

agree  imatahan
5 hrs
  -> Thanks
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