IssuanceProcess
General ontology for the process by which securities are issued. Contains the process features common to all or most securities issuance. These are extended in the process ontologies that are specific to particular types of issuance
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allotment information
Information about the allotment of quantities of the issue to different subscribers. This relates a single instrument allotment against the subscription amounts allotted to each Subscriber.
announcement
competitive sale method
No definition
issuance process activity
issuance programme
A series of issuances over time.
See for example MTN.
issue subscription information
Information relating to the subscription of the issue.
issued security issue information
FIBIM: "Elements relating to issue preparation/bringing to market (also known as primary market or Initial Public Offering (IPO) issuance) through to issue date."
Information about the Issuance of a Security, which is maintained throughout the life of the Security.
negotiated sale method
offering
The process step of offering a security for issue. This is the making available of a new securities issue through an underwriting.
It is assumed that this exists for all security types as the precise issuance process is defined among the Offering terms. Terms which only exist for specific types of instrument are given as specialized variants of this class of Thing.
potential issuer
potential underwriter
The entity which will become the underwriter for an issue. Term origin:MBS PoC Reviews
primary identifier issuer
The party which formally issues the primary security identifier to the security. Term origin:MBS PoC Reviews
primary security offering distribution
The original sale of a company's securities, in which the proceeds from the sale are received directly by the company.
registration information
Information relating to the registration of a registered security.
secondary security offering distribution
An Offering of a security which has been previously issued.
securities issuance process
The process by which a financial security is issued.
securities issuance process actor
security issuance guarantor
security offering distribution method
The distribution type of a securities Offering.
security offering sale method
Method for sale of a new security offering.
subscriber
subscription closing information
traded instrument issuance process information
Information on one Security issue, arising from the Issuance Process. Note that one Issuance Process (Offering) may relate to more than on Issue, which itself may be the issue of more than one Traded Security.
underwriter takedown
Infomation on Takedown quantity of the security handled by the underwriter (that will be brought into DTC).
Question: Do securities issued through processes other than the one formally identified as "Underwriting Process", have Underwriters? Our research would indicate that agency and non agency MBS issuance processes are not "Underwriting" processes as defined for the DTCC Muni unwriting process, but they do have a step which involves identifying and appointing an underwriter, so the issue is underwritten. It may be that these two processes should be defined as types of (variants on) a more general Underwriting Process, which is itself more general than the one captured separately for DTCC Muni Issuance, which is where this term now lives. Modeling Note: Definition is too DTC specific, from DTCC earliy reviews on Muni process. Need to have a global definition and understanding of this term.
underwriting process details
Information specific to the Underwriting of the Issue.
actual closing date
The Closing Date for the Issue, recorded after the event.
announcement date
Date/time, as announced by the issuer, at which the securities were to be issued and subsequently were issued.
describes allotment of
expected closing date
The date on which the transfer of positions to underwriters is expected to take place. This date is provided by underwriters as part of an announcement.
final state described in
first trade date
The date of the first trade of the security in the secondary market.
first trade date and time
First Date and Time a trade may be executed for this security. All times in Eastern Time Zone only. NOTE: This is a date in the future tense at the time of the Offering.
first trade settlement date
The date the Issuer and Underwriter exchange money for bonds.
formal award date and time
Date and time the issuer formally accepts a bid for Competitive Issues or, the Date and Time the Bond Purchase Agreement is executed for Negotiated Issues. Time Zone: Include in date/time data or add a term for it?
has partially paid issuance schedule
Partially paid issue: Schedule of partial payments and dates.
has sale method
Sale Method of the security.
is issuance guarantor
is potential issuer
issue nominal number of units
Total original quantity of securities issued.
issue offering units
Quantity of all securities that is offered in an equity or Corporate Bond issue.
minimum issue subscription
Minimum or incremental denomination required for the transfer or change of ownership of a security.
series
Uniquely identified collection of securities within an Issue with same Expected Closing Date. The text gives the Series Identifier within the Issuance process. There may be one or more Series within one Issue.
over alloted
Whether the subscriber has been over-alloted the requested number of units. REVIEW: Not seen in data terms but implied elsewhere.
required to make eligible
Series identification for the individual Traded Financial Security.
subscription amount
Number of units of the issue that an individual subscriber is allocated.
subscription period
Period during which the security can be subscribed to.
taken down by
underwriter takedown shares
Takedown quantity of the security handled by the underwriter (that will be brought into DTC).