The term "When Issued (WI)" refers to the period of time between the announcement of a security and its actual issuance. During this time, the security is said to be "when issued." This period can last for a few days or even weeks.
WI is commonly used for new issues of stock, bonds, and other securities. It allows investors to trade the security before it is actually issued. This can be helpful if the security is in high demand and the investor wants to get their hands on it as soon as possible.
However, there is some risk involved with WI trading. The price of the security may fluctuate during the WI period, and the investor may not get the exact price they were hoping for. What happens to stock price when bonus shares are issued? When bonus shares are issued, the stock price usually decreases because the company's share count increases. This means that each share is worth less because there are more shares outstanding. However, if the company's fundamentals are strong and the market is bullish, the stock price may not be affected much. What is new issue day? New issue day is the day on which a new stock is first offered for sale to the public. This day is also sometimes referred to as the "IPO" or "initial public offering" day. After the new issue day, the stock will begin trading on the stock market.
What does conditional trading mean?
Conditional trading refers to a type of trading where certain conditions must be met in order for a trade to be executed. For example, a trader may place a buy order for a stock, but only if the stock price falls below a certain level. If the stock price does not fall below that level, the trade will not be executed. When as and if issued trades occur without knowing the? As and if issued trades occur without knowing the identity of the security to be delivered. The delivery of the security is at the discretion of the issuer.
Which information would be included on a when as and if issued trade confirmation for a bond trade?
On a when as and if issued trade confirmation for a bond trade, the following information would be included:
-The name of the bond
-The coupon rate
-The maturity date
-The par value
-The price of the bond
-The yield of the bond
-The date of the trade
-The settlement date
-The name of the broker
-The name of the firm