 WHAT
ARE OLOs ?
OLOs (1) are :
- medium-, long-term and very long-term securities;
- denominated in euro;
- issued in different ways :
- by auctions based on the prices offered by the bidders;
- by syndication (e.g.: when issuing the first tranche of a
new line).
- dematerialized securities held in a securities account
system to which CLEARSTREAM and EUROCLEAR have access;
- issued in tranches forming a line;
- having an identical nominal interest rate and redemption
date within a line;
- fungible within each line (i.e. giving subscribers and
issuer the same rights and obligations);
- fixed rate securities, but for one line - the FRN one -
which presents a floating rate linked to the EURIBOR 3 month.
(1) (Obligations Linéaires - Lineaire
Obligaties)
|
WHO SHOULD INVEST IN OLOS ?
 Being
standardised securities, OLOs are well suited for the professional
investor looking for a liquid and safe investment. Private investors
may also have an interest in buying OLOs, and they can do so through their
financial institution.
What
is the role of the Primary Dealers and Recognized Dealers regarding
the OLOs ?
The placement of OLOs and their liquidity on the secondary market is ensured by
the Primary
Dealers and Recognized
Dealers.
Only Primary Dealers and Recognized Dealers are entitled to participate in the
auctions. |
+32 (0)2 282 61 26,
