In some cases stipulated by law, a bond is positioned in the securities segment as a loan agreement, therefore, the general provisions of civil law governing the actions of borrowers and creditors and special rules governing the circulation of the securities market apply to relations related to the issue, circulation and redemption of bonds. … By this dual regulation, bonded loans differ from credit.
Instructions
Step 1
If you have a bond, then you, as a holder, have the right to receive its par value in the stipulated lines or property equivalent. Payment is provided by the person who issued the bond. In parallel, the holder has the right to receive a fixed percentage of the nominal value or property rights. Refer to Art. 816 of the Civil Code of the Russian Federation.
Step 2
Express the par value of the bond in the national currency. Please note that foreign currency or currency values can be considered as the subject of a loan agreement, observing the rules of Articles 140, 141 and 317 of the Civil Code of the Russian Federation. This means that the rights secured by the bond may establish a special procedure for determining the equivalent of the par value in rubles.
Step 3
Legislative acts regarding bond payments provide for the possibility of alternative bond redemption. You, as a holder, can convert convertible bonds into shares, exchange them for bonds of other series, or obtain a housing certificate. In the latter case, you will be provided with the ownership of the dwelling, which is the object of attracting funds that were received from the placement of bonds.
Step 4
Keep track of bond maturities based on a calendar date or length of time. If the issuer has set the date for the fulfillment of obligations under the bond on your bond, then its redemption will take place on the specified calendar day. For a period of time, you, as the holder, send the issuer the appropriate redemption statement. The issuer will fulfill its obligations under the bond to you in the order in which it receives applications from other bondholders.
Step 5
Consider the nuances that arise in the issue of alternative bond redemption. If your bond provides for property rights, then you, as the bondholder, can receive services, goods, products provided by the bond issuer. However, the fee may be waived or accounted for at a reduced price. Therefore, be careful when first studying the terms of the bond.
