Convertible Bond
By Alba Gudness
A convertible bond is a kind of bond, which can be converted into the shares of the stock in an issuing company, generally at a certain pre-announced ratio. This is a hybrid security, featuring debt and equity like characteristics. Now, although it usually has a lower coupon rate, the holder gets compensated with the availability of converting the bonds to common stock, generally at a substantial rate of discount to the market value of the stocks.
If we take into account the perspective of the issuer, the major benefit of raising funds by way of selling the convertible bonds is in respect to a decreased payment of cash interest. However, in return for this benefit of decreased the payment of the interest; the value of the equity of the shareholder gets decreased due to the dilution of the stock expected in case the bondholders change their bonds into shares.
As it is, the convertible bond markets of the United States, as well as Japan, have been of major global importance. As a matter of fact, these two markets are the biggest in regard to market capitalization. The other convertible bond markets are quite often illiquid, and the pricing is usually non-standardized.
Just like any usual bond, convertible bonds come with a maturity date, a maturity value, an issue size, an issue date, a face value and a coupon. They also come with a few additional features, like conversion price, conversion ratio, Parity value, conversion premium, call features, etc.
There have been several variations, in regard to the basic structure, as per convertible bonds. As it is, the following are a few variations in regard to convertible bonds:
1. Mandatory convertibles
Mandatory convertibles refer to short duration securities, usually with higher yields than that found over the underlying common shares, which are mandatorily convertible at the time of maturity in a predefined number of common shares. Mandatory convertibles are the ones, which only allow an investor to convert bonds into stock, in case the price of the share is a certain percentage over the conversion price.
2. Exchangeable
An Exchangeable bond is the one, which might be converted into shares different from those of the issuer. As it is, they are not convertible bonds; however, they share a few usual evaluation characteristics.
3. Vanilla convertible bonds
Vanilla convertible bonds refer to bonds that might be converted at an option of an owner into shares of the issuer, generally at a predetermined rate. These may or may not get redeemed by an issuer, much before the final maturity date, in regard to a few, share price performance conditions.
Convertible bonds play a very important role in the finance of a firm. As a matter of fact, convertible bonds bestow an investor with the benefits of both bonds as well as equities.
To read more about Political Chit Chat Political Chit Chat Learn more Hot Political Gossips
=================================
Using Direct Debit Services
By Randy Brook
Direct Debit is a very popular method of payment used in most countries all over the world. The main purpose of it is to allow automatic payment of outstanding bills so that the bills can be paid more efficiently and more conveniently. Before setup can be initiated the account holder must give his or her permission that the account can be debited. Their permission usually is obtained by the utility company by the use of a payment slip which is then taken to the bank to be processed so that the account can be debited. The details on the payment slip will include, amount, customer signature, date, and how often the account is to be debited. A direct debit can also be setup over the telephone using a formal script to collect the information and also over the Internet through the use of an application form. Having your account debited directly has both advantages and disadvantages which are visited below.
Advantages
- Easy to setup
- Convenient and efficient method of payment
- Once a direct debit has been setup you do not have to worry about late payments or penalties
- It is the cheapest method of payment as opposed to posting a cheque which would cost money for the stamps and envelopes
- The customer has control over the amount and dates of the payment
Disadvantages
- If the balance in your account does not cover the amount due it is still debited which means you could face fees from your bank for being overdrawn
- Utility companies usually calculate your payment amount by using previous consumption figures. This means that you could be paying more than the amount you have actually used
- You have lost some flexibility in the management of your finances
The important thing to remember is that your direct debit is protected by the Direct Debit Scheme. All banks and building societies take part in this, which offers their customers a good level of protection. The scheme means:
- You cancel a direct debit at anytime you choose
- The beneficiary has to provide you with written notice of any change to dates or payments
- That if your money is ever collected incorrectly then the bank is required to give you a full refund
Many people confuse standing orders with direct debits. Even though they are both ways to setup regular payments from one account to another, how they operate and how they are setup in the first place are very different. Where direct debits are usually setup by the organisation requesting payment, a standing order can only be setup by the payer is always for a fixed amount to be paid regularly.
If you would like more information on using direct debit services then you can visit the Eazipay website for direct debit information
===================================
The Fast Track to Getting Free Government Grant Money
By Glenn Ross
If you're looking to apply for a Government Grant for business or personal pursuits, you will undoubtedly be competing with many others for the hundreds of billions (yes, billions) that are available each year through various Federal and Private grant programs.
So what is the key to success? There are 3 things really. You need to first locate the grant opportunities that you qualify for. Next you need to prepare your application and materials and finally, you need to submit them to the right person for consideration. If you're doing this by yourself, things are a bit more complicated than it seems.
Applying For Grants Without Help From Experts
The first thing you need to do is locate grant opportunities. If you've never been to the official government websites that make this information available, be prepared for a serious time commitment. The government sites do not make it easy to find all the opportunities that you may qualify for (this is likely why 85% of all grant money is never even applied for. You will have to find suitable grants one by one and compile a list manually.
Next you will need to prepare your grant applications. Each grant is likely going to have a different requirement for what they want on the application. Again, you will have to dig through each offer and try to find the right way to do it. If you make a mistake here, they will send your application back - or even toss it in the trash because they simply don't have time to handle applications that aren't done correctly.
Third you will have to mail the applications to the right department/person. This information is sometimes easy to find, other times, it is impossible to find. If you send it to the wrong person, guess what? Yes, your application gets sent back or tossed.
So how do you apply for grants in a quick, efficient and proper way?
How To Fast Track The Grant Application Process?
The best way to do is to get expert, professional help. You could go and hire a grant researcher and writer - if you want to spend thousands of dollars that is. A better, easier solution is to use a grant kit from reputable (and I stress reputable) company that provides them. These companies will provide these kits for free and all you simply have to do is request one. Though most will charge you ongoing fees, it is absolutely possible to do your applications during the free trial period.
What are Grant Kits?
Grant Kits usually consist of software packages that access and organize all of the grant opportunities so that they can be easily searched and compiled. These kits also include application templates that are designed to meet the specifications of each grant agency. This makes it very easy to fill in your personal info once, tweak the application for each grant, print and mail.
Additionally, many of these companies have expert grant researchers and writers on staff that can assist you at each step of the process. This can speed up your application time by as much as 80% and increase your chances of getting multiple grants. These can be valuable services and can be the difference between getting multiple grants and nothing at all.
To learn how to increase your chances of getting a Government Grant by over 80%, visit our top grant sources page where you'll find proven companies with multi-year track records that can help you get grant money quickly and safely. http://www.verifiedgrants.com/the-top-grant-sources
====================================
The Financial Credit Crunch & Its Affects
By Peter M. Wilson
The credit crunch and recession has hit the country with a massive impact within the last 6 months and most people have been affected by this, whether it's a shortfall of finances, house repossessions, missed payments or a cut back to lifestyles. If you are looking for loans and credit cards you will have found that many lenders refuse where they would normally accept applications due to the risk and scare that has been spread across the UK.
Even though borrowers have access to credit their policies and standards are tightening which has an adverse affect to you and me. If you have money in savings accounts and in company shares you will undoubtedly have noticed a massive difference since the credit crisis struck, but the biggest difference comes in house prices because right across the UK house prices have fallen by a dramatic amount and if you are in the process of selling then you could be losing anything from £5,000 to £30,000.
Large organisations and smaller business have also suffered and many of these have had to cut staff and even closed their doors because times have got that hard for the owners that they cannot afford to keep staff and companies going. There has been a significant knock on effect from company to company and even though governments are looking for a way out things haven't got much better just yet.
However with all this going on it is still possible to be accepted for secured loans, personal loans and credit cards, and during these periods of financial complications you must keep looking on the bright side and make the best of what you have.
Peter is a part-time writer who enjoys to talk about financial issues and discuss the latest in financial news for Finance Talks.
By Alba Gudness
A convertible bond is a kind of bond, which can be converted into the shares of the stock in an issuing company, generally at a certain pre-announced ratio. This is a hybrid security, featuring debt and equity like characteristics. Now, although it usually has a lower coupon rate, the holder gets compensated with the availability of converting the bonds to common stock, generally at a substantial rate of discount to the market value of the stocks.
If we take into account the perspective of the issuer, the major benefit of raising funds by way of selling the convertible bonds is in respect to a decreased payment of cash interest. However, in return for this benefit of decreased the payment of the interest; the value of the equity of the shareholder gets decreased due to the dilution of the stock expected in case the bondholders change their bonds into shares.
As it is, the convertible bond markets of the United States, as well as Japan, have been of major global importance. As a matter of fact, these two markets are the biggest in regard to market capitalization. The other convertible bond markets are quite often illiquid, and the pricing is usually non-standardized.
Just like any usual bond, convertible bonds come with a maturity date, a maturity value, an issue size, an issue date, a face value and a coupon. They also come with a few additional features, like conversion price, conversion ratio, Parity value, conversion premium, call features, etc.
There have been several variations, in regard to the basic structure, as per convertible bonds. As it is, the following are a few variations in regard to convertible bonds:
1. Mandatory convertibles
Mandatory convertibles refer to short duration securities, usually with higher yields than that found over the underlying common shares, which are mandatorily convertible at the time of maturity in a predefined number of common shares. Mandatory convertibles are the ones, which only allow an investor to convert bonds into stock, in case the price of the share is a certain percentage over the conversion price.
2. Exchangeable
An Exchangeable bond is the one, which might be converted into shares different from those of the issuer. As it is, they are not convertible bonds; however, they share a few usual evaluation characteristics.
3. Vanilla convertible bonds
Vanilla convertible bonds refer to bonds that might be converted at an option of an owner into shares of the issuer, generally at a predetermined rate. These may or may not get redeemed by an issuer, much before the final maturity date, in regard to a few, share price performance conditions.
Convertible bonds play a very important role in the finance of a firm. As a matter of fact, convertible bonds bestow an investor with the benefits of both bonds as well as equities.
To read more about Political Chit Chat Political Chit Chat Learn more Hot Political Gossips
=================================
Using Direct Debit Services
By Randy Brook
Direct Debit is a very popular method of payment used in most countries all over the world. The main purpose of it is to allow automatic payment of outstanding bills so that the bills can be paid more efficiently and more conveniently. Before setup can be initiated the account holder must give his or her permission that the account can be debited. Their permission usually is obtained by the utility company by the use of a payment slip which is then taken to the bank to be processed so that the account can be debited. The details on the payment slip will include, amount, customer signature, date, and how often the account is to be debited. A direct debit can also be setup over the telephone using a formal script to collect the information and also over the Internet through the use of an application form. Having your account debited directly has both advantages and disadvantages which are visited below.
Advantages
- Easy to setup
- Convenient and efficient method of payment
- Once a direct debit has been setup you do not have to worry about late payments or penalties
- It is the cheapest method of payment as opposed to posting a cheque which would cost money for the stamps and envelopes
- The customer has control over the amount and dates of the payment
Disadvantages
- If the balance in your account does not cover the amount due it is still debited which means you could face fees from your bank for being overdrawn
- Utility companies usually calculate your payment amount by using previous consumption figures. This means that you could be paying more than the amount you have actually used
- You have lost some flexibility in the management of your finances
The important thing to remember is that your direct debit is protected by the Direct Debit Scheme. All banks and building societies take part in this, which offers their customers a good level of protection. The scheme means:
- You cancel a direct debit at anytime you choose
- The beneficiary has to provide you with written notice of any change to dates or payments
- That if your money is ever collected incorrectly then the bank is required to give you a full refund
Many people confuse standing orders with direct debits. Even though they are both ways to setup regular payments from one account to another, how they operate and how they are setup in the first place are very different. Where direct debits are usually setup by the organisation requesting payment, a standing order can only be setup by the payer is always for a fixed amount to be paid regularly.
If you would like more information on using direct debit services then you can visit the Eazipay website for direct debit information
===================================
The Fast Track to Getting Free Government Grant Money
By Glenn Ross
If you're looking to apply for a Government Grant for business or personal pursuits, you will undoubtedly be competing with many others for the hundreds of billions (yes, billions) that are available each year through various Federal and Private grant programs.
So what is the key to success? There are 3 things really. You need to first locate the grant opportunities that you qualify for. Next you need to prepare your application and materials and finally, you need to submit them to the right person for consideration. If you're doing this by yourself, things are a bit more complicated than it seems.
Applying For Grants Without Help From Experts
The first thing you need to do is locate grant opportunities. If you've never been to the official government websites that make this information available, be prepared for a serious time commitment. The government sites do not make it easy to find all the opportunities that you may qualify for (this is likely why 85% of all grant money is never even applied for. You will have to find suitable grants one by one and compile a list manually.
Next you will need to prepare your grant applications. Each grant is likely going to have a different requirement for what they want on the application. Again, you will have to dig through each offer and try to find the right way to do it. If you make a mistake here, they will send your application back - or even toss it in the trash because they simply don't have time to handle applications that aren't done correctly.
Third you will have to mail the applications to the right department/person. This information is sometimes easy to find, other times, it is impossible to find. If you send it to the wrong person, guess what? Yes, your application gets sent back or tossed.
So how do you apply for grants in a quick, efficient and proper way?
How To Fast Track The Grant Application Process?
The best way to do is to get expert, professional help. You could go and hire a grant researcher and writer - if you want to spend thousands of dollars that is. A better, easier solution is to use a grant kit from reputable (and I stress reputable) company that provides them. These companies will provide these kits for free and all you simply have to do is request one. Though most will charge you ongoing fees, it is absolutely possible to do your applications during the free trial period.
What are Grant Kits?
Grant Kits usually consist of software packages that access and organize all of the grant opportunities so that they can be easily searched and compiled. These kits also include application templates that are designed to meet the specifications of each grant agency. This makes it very easy to fill in your personal info once, tweak the application for each grant, print and mail.
Additionally, many of these companies have expert grant researchers and writers on staff that can assist you at each step of the process. This can speed up your application time by as much as 80% and increase your chances of getting multiple grants. These can be valuable services and can be the difference between getting multiple grants and nothing at all.
To learn how to increase your chances of getting a Government Grant by over 80%, visit our top grant sources page where you'll find proven companies with multi-year track records that can help you get grant money quickly and safely. http://www.verifiedgrants.com/the-top-grant-sources
====================================
The Financial Credit Crunch & Its Affects
By Peter M. Wilson
The credit crunch and recession has hit the country with a massive impact within the last 6 months and most people have been affected by this, whether it's a shortfall of finances, house repossessions, missed payments or a cut back to lifestyles. If you are looking for loans and credit cards you will have found that many lenders refuse where they would normally accept applications due to the risk and scare that has been spread across the UK.
Even though borrowers have access to credit their policies and standards are tightening which has an adverse affect to you and me. If you have money in savings accounts and in company shares you will undoubtedly have noticed a massive difference since the credit crisis struck, but the biggest difference comes in house prices because right across the UK house prices have fallen by a dramatic amount and if you are in the process of selling then you could be losing anything from £5,000 to £30,000.
Large organisations and smaller business have also suffered and many of these have had to cut staff and even closed their doors because times have got that hard for the owners that they cannot afford to keep staff and companies going. There has been a significant knock on effect from company to company and even though governments are looking for a way out things haven't got much better just yet.
However with all this going on it is still possible to be accepted for secured loans, personal loans and credit cards, and during these periods of financial complications you must keep looking on the bright side and make the best of what you have.
Peter is a part-time writer who enjoys to talk about financial issues and discuss the latest in financial news for Finance Talks.
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