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Flashcards in System t Deck (8):
1

SYSTEM-T

Security
Yield
Spread
Term
Expenses and External
Marketability
Tax

2

Security

1. Issuer/borrower
2. Collateral: secured/unsecured.
3. Covenants.
4. Regulations: minima and maxima.

3

Yield

1. Nature
2. Quotation.
3. Level
4. Relative level (to other asset classes)
5. Cash flow pattern

4

Spread

1. Volatility.
2. Measurement.
3. Reliability
4. Appetite

5

Term

1. Length
2. Variability
3. Terms and conditions
4. Cash flow pattern

6

Expenses and External

1. Transaction costs
2. Exchange rates
3. External Influences

7

Marketability

Marketability
Liquidity
Secondary markets

8

Tax

Tax regime applicable
Effects of tax on investor behaviour.