Monis XL: Extensive Coverage
Convertible structures and features are continuously evolving across global markets. Our specialized focus on the convertibles markets ensures Monis XL handles any innovations in instruments and features. In fact, thanks to a global market presence and strong relationships with leading issuers and traders, Monis is among the first to know of the emergence of a new feature or instrument.
Instrument Coverage:
- Convertible bonds
- Convertible prefs
- DECS/PEPS and other mandatory convertibles
- Zero coupon convertibles e.g. LYONS/OIDs
- Warrants
- Stocks
- Reverse convertibles
- Equity call and put options*
- Convertible asset swaps*
- Bond and interest rate futures*
- Index futures*
- Equity and FX call and put options*
- Equity and FX barrier, digital and cliquet options*
- Vol/var swaps*
- Nth to default*
- CDO*
- FX forward*
Convertible Features Covered:
- Contingent Conversion (CoCos)
- Contingent Payment (CoPays)
- Equity resets, including multiple upward and downward resets
- Make-wholes
- Cross-currency (with correlations)
- Secured and unsecured exchangeable bonds
- Structured calls including soft & hard calls, call adjustment using parity or confidence interval, triggers in share or bond currency, accreting calls and triggers, user-defined probability of call (Japanese market) and screw clauses
- Structured coupons, floating coupons, short and long first coupons, guaranteed coupons
- PIK (payment in kind) convertibles
- Structured puts including knock-out puts and tranche puts
- Tranche redemptions
- Structured conversion options, entered as ratio or price or premium, cash payments on conversion, mandatory conversion and different exercise patterns
- Variable conversion ration (HiPr)
- Takeover protection
*Optional extra functionality