Monis Analyzer: Comprehensive Coverage
Analyzer provides comprehensive coverage of the many different types and features of convertible securities found in the global market, as well as all the trades used to hedge the hybrid risk exposures of convertible positions.
The Monis model is continually refined and developed to capture all the significant innovations that have taken place in the global convertibles market; and with it's global presence and un-rivalled relationships with leading issuers and traders, Monis is among the first to know of new features and instruments to incorporate into product innovations and updates.
Convertible Instrument Coverage:
- Convertible bonds
- Exchangeable bonds (both secured and unsecured)
- Zero coupon convertibles
- Mandatory convertibles (e.g. PERCS, PEPS)
- Convertible preferred securities
- PIK (payment in kind) securities
- Reverse convertibles
- Credit derivatives
- LYONS/OIDs
- Warrants
- Options
- Stocks
Convertible Feature Coverage:
- Structured calls, including soft and hard calls, call adjustment using parity or confidence interval, triggers in share of bond currencty, accreting calls and triggers, user-defined probability of call (Japenese market) and screw clauses
- Cross currency (with correlations)
- Contingent conversion (CoCos) and contingent payment (CoPays)
- Equity resets, including multiple upward and downward resets, madatory conversion by tranches, and price within average period
- Make-wholes
- Structured coupons, including floating coupons, step-up or down, broken-dated coupons, short and long first coupons, guaranteed coupons
- Structured puts, including cast and stock delivery, knock-out puts and tranche puts
- Premium redemptions and tranche redemptions
- Structured conversion options, including choice of entering conversion ratio or price or premium, cash payments on conversion, mandatory conversion, different exercise patterns including American, European, delayed, seasonal and irregular