Table of Contents
What does DAC Bond do?
DAC assists its issuer and obligor clients in complying with their post-issuance tax compliance requirements by providing post-issuance record retention services and software which allows clients not only to track and model private business use, but also to prepare Schedule K to Form 990 for non-profit obligors.
What is continuing disclosure?
Continuing disclosure consists of important information about municipal bonds that arises after the initial issuance. By looking at continuing disclosures, investors can compare annual financial information about a particular bond from year to year, or between two similar securities.
What is a dissemination agent?
Dissemination Agent means any agent designated as such in writing by the Issuer and which has filed with the Issuer a written acceptance of such designation, and such agent’s successors and assigns.
What is the difference between issuer and obligor?
Issuer: The party or vehicle that issues the debt. An Issuer can borrow for itself or as a conduit for another entity. Obligor: The “credit” behind a deal – the ultimate source of payment of principal and interest. An Obligor may be a legal entity or a specific revenue stream.
What is a demand for continuing disclosure?
Continuing disclosures are prepared by state or local governments to convey important information about municipal bonds that arise after they are issued.
What is a bond disclosure?
The disclosure document prepared by a bond issuer that gives detailed financial information about the issuer and the bond offering. These municipal disclosure documents provide information for investors, including the terms of the bond and financial information on the issuer.
What is dissemination information?
Information dissemination is the means by which facts are distributed to the public at large. Traditional and social media represent the two general form by which humans disseminate information in contemporary society. Traditional media include phones, television, oral communication and print publications.
What are corporate bonds SEC?
What is a corporate bond? A bond is a debt obligation, like an Iou. Investors who buy corporate bonds are lending money to the company issuing the bond. In return, the company makes a legal commitment to pay interest on the principal and, in most cases, to return the principal when the bond comes due, or matures.
What is included in a bond indenture agreement?
It specifies the important features of a bond, such as its maturity date, the timing of interest payments, method of interest calculation, callability, and convertible features-if applicable. A bond indenture also contains all the terms and conditions applicable to the bond issue.
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