Series 27: Nonconvertible Debt Securities

Taken from our Series 27 Online Guide

Nonconvertible Debt Securities

The haircut deduction from the market value of the greater of the long or short position in each of the categories ranges from one to three percentage points higher than Treasury securities for nonconvertible debt that has these characteristics:

  • A fixed interest rate and a fixed maturity date
  • Not traded flat or in default as to principal or interest
  • Has only a minimal amount of credit risk

Since you're reading about Series 27: Nonconvertible Debt Securities, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 27
Please Enable Javascript
to view this content!