Auctions Overview » SovereignAuction/XChangeOffer^™

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SovereignAuction/XChangeOffer allows for the exchange of debt issued by sovereigns, corporations, and supernational organizations. The exchange agent, issuer, or dealer-manager utilizes the Web site to receive tender offers and settlement instructions for the debt holders or their agents.

Bids may be stored, retrieved, modified and submitted prior to deadline, and results posted afterwards.

The site can be used by Exchange Agent, Issuer, and Dealers to:

• post documents
• enter tender offers
• record ownership and settlement information
• tabulate results
• generate reports in a variety of formats