Auction rate security
id:
auction-rate-security-302-5013398
title:
Auction rate security
text:
An auction rate security (ARS) typically refers to a debt instrument with a long-term nominal maturity for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen. In late 2008, investment banks that had marketed and distributed auction rate securities agreed to repurchase most of them at par.
brand slug:
wiki
category slug:
encyclopedia
description:
Debt instrument with a long-term nominal maturity with a regularly reset interest rate
original url:
https://en.wikipedia.org/wiki/Auction_rate_security
date created:
date modified:
2023-10-13T14:10:03Z
main entity:
{"identifier":"Q758667","url":"https://www.wikidata.org/entity/Q758667"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/1/1e/Vereinigte_Ostindische_Compagnie_bond_-_Middelburg_-_Amsterdam_-_1622.jpg","width":640,"height":528}
fields total:
13
integrity:
15