Sale rules

Last updated 2 years ago

Was this helpful?

Sale Rules for Issuer

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.
Exchange your bonds on tab after bonds are active.
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 updated 2 years ago

Was this helpful?

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.
Exchange your bonds on tab after bonds are active.
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
Exchange your bonds on tab after bonds are active
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