Sale rules
- Issuers must repay face assets within 7 days before the maturity date.
- If the repayment is not completed within 7 days before the maturity date, issuers’ bonds will be liquidated, which means the collateral will be distributed to bondholders.
- To maintain the bond, issuers should ensure that the LTV is less than or equal to 65%.
- The bond will be liquidated when its LTV reaches 80%.
- When a bond is liquidated or matured, you can no longer trade it on Bond Exchange.
- The system will distribute the issuer’s collateral to the holder as a percentage of holding.
- Issuers are able to claim assets when bonds are bought.
- Issuers must pay issue fee when claiming asset.
- Use face assets to purchase the bonds with the issue price.
- Bonds will be on-sale when it reaches the on-sale phase.
- Bonds will be active once sold out or at an active date. Therefore, the maturity date may be sooner than expected.
- When bonds are liquidated, you can claim the underlying assets of bond issuers even though it has not reached the maturity date.
- In case the issuers do not pay investment plus interest when bonds reach maturity, the bond will be liquidated, and their collaterals will be used for payment to investors.
- In normal cases, bondholders can claim face assets when the bond reaches maturity.
- Use face assets to purchase bonds
- Bonds can be sold when it reaches the on-sale phase
- Bonds are only active once sold out or at an active date
- Bonds can be liquidated when the price reaches the liquidation price.
- In this case, you can claim underlying assets of bond issuers even though it has not reached the maturity date
- In case the issuers do not pay investment plus interest when bonds reach maturity, their collaterals will be used for payment to investors
- YTM is the fixed interest rate of a bond that you are guaranteed to receive at the maturity date
Last modified 11mo ago