Financial law

SOCAR Trading CFO States Importance of Providing Banks With Reassurance and Trust

Retrieved on: 
Friday, September 18, 2020
Financial markets, Economy, Financial law, Market liquidity, Bank, Financial risk

The panelists discussed challenges ranging from counterparty risk policies, access to liquidity and use of digital tools.

Key Points: 
  • The panelists discussed challenges ranging from counterparty risk policies, access to liquidity and use of digital tools.
  • Mammadov stated that there were two challenges currently facing the industry: whether banks provide financing and at what price.
  • Avoiding risk would not be a constructive approach to the problem of banks preferring to fund large players over smaller players.
  • Mammadov went on to state that SOCAR Trading is present in all regions across the globe and can therefore see the movements across the world.

KBRA Europe Assigns Preliminary Ratings to BlackRock European CLO X Designated Activity Company

Retrieved on: 
Thursday, September 17, 2020
Banking, Professional services, Finance, Currency, Euro, Bond, Loans, Economies, Financial law

Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by BlackRock European CLO X Designated Activity Company (BlackRock Euro CLO X DAC), a cash flow collateralised loan obligation (CLO) back primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.

Key Points: 
  • Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to five classes of notes to be issued by BlackRock European CLO X Designated Activity Company (BlackRock Euro CLO X DAC), a cash flow collateralised loan obligation (CLO) back primarily by a diversified portfolio of Euro-denominated corporate loans and bonds.
  • BlackRock Euro CLO X DAC is managed by BlackRock Investment Management (UK) Limited (BlackRock UK or the collateral manager).
  • The collateral in BlackRock Euro CLO X DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors.
  • BlackRock UK currently has 3.8 billion in AUM across 9 European CLOs as of June 2020 and has been a consistent European CLO issuer since 2015.

Form 8.3 - SDL Plc

Retrieved on: 
Thursday, September 17, 2020
Contract law, Derivative, Financial law, Wagering, Security, South African law

All interests and all short positions should be disclosed.

Key Points: 
  • All interests and all short positions should be disclosed.
  • Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
  • Class of relevant security in relation to which subscription right exists:
    Details, including nature of the rights concerned and relevant percentages:
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Retrieved on: 
Thursday, September 17, 2020
Financial law, Stock market, Security, Derivative, Electronic voting, Group decision-making, Business law, Corporate law, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Retrieved on: 
Thursday, September 17, 2020
Financial law, Stock market, Security, Derivative, Electronic voting, Group decision-making, Business law, Corporate law, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Splitit Announces Partnership With QuickFee to Extend Impact of Its Unique Buy Now Pay Later Platform to Professional Services Industry

Retrieved on: 
Thursday, September 17, 2020
Banking, Professional services, Finance, Actuarial science, Credit risk, Financial law, Splitit, QuickFee

As the Buy Now Pay Later space continues to expand across the globe, Splitit offers a unique solution to businesses looking to help their clients maximize the credit theyve earned through responsible cash flow management.

Key Points: 
  • As the Buy Now Pay Later space continues to expand across the globe, Splitit offers a unique solution to businesses looking to help their clients maximize the credit theyve earned through responsible cash flow management.
  • We are hugely excited by the new partnership with Splitit, added Bruce Coombes, CEO of QuickFee.
  • The Splitit pre-authorisation technology means there is very low credit risk to QuickFee and the professional services firm.
  • In July 2019, QuickFee Australia and QuickFee US became wholly owned by QuickFee Limited and completed an IPO on the ASX.

Lamar Advertising Company Announces Commencement of Exchange Offer for 3 3/4% Senior Notes due 2028, 4 7/8% Senior Notes due 2029 and 4% Senior Notes due 2030

Retrieved on: 
Wednesday, September 16, 2020
Financial markets, 73rd United States Congress, U.S. Securities and Exchange Commission, Security, Stock market, Finance, Securities Act, Financial law, Fixed-income securities

Each series of the Exchange Notes are substantially identical to the corresponding series of the Original Notes, except that the Exchange Notes have been registered under the Securities Act and will not bear any legend restricting their transfer.

Key Points: 
  • Each series of the Exchange Notes are substantially identical to the corresponding series of the Original Notes, except that the Exchange Notes have been registered under the Securities Act and will not bear any legend restricting their transfer.
  • The Exchange Notes will be issued only upon cancellation of a like amount of currently outstanding Original Notes of the corresponding series.
  • Lamar Media will not receive any proceeds from the exchange offer.
  • Lamar Media is making this exchange offer to satisfy its obligations under registration rights agreements entered into when it issued the Original Notes.

Beyond Outperforms US in SMB Processing Growth & Retention

Retrieved on: 
Wednesday, September 16, 2020
Financial law, Payment

PRINCETON, N.J., Sept. 16, 2020 /PRNewswire/ --Beyond outperformed the SMB market in both year over year growth in processing volume and in merchant retention, when compared to a recent report published by top electronic payments analytics and consulting firm The Strawhecker Group (TSG).

Key Points: 
  • PRINCETON, N.J., Sept. 16, 2020 /PRNewswire/ --Beyond outperformed the SMB market in both year over year growth in processing volume and in merchant retention, when compared to a recent report published by top electronic payments analytics and consulting firm The Strawhecker Group (TSG).
  • Analysis on the U.S. SMB market was conducted using TSG's proprietary Acquiring Industry Metrics (AIM) platform, which tracks more than 45 percent of all U.S. processing merchants and more than one trillion dollars in annualized transactions.
  • Beyond is a financial technology and transactions company offering a suite of business tools and services including payment processing, employee management, business capital, and point-of-sale.
  • Based in Omaha, a recognized payments industry hub, TSG is an established leader in this high-growth, ever-evolving space.

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Retrieved on: 
Wednesday, September 16, 2020
Financial law, Stock market, Security, Derivative, Electronic voting, Group decision-making, Business law, Corporate law, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Retrieved on: 
Wednesday, September 16, 2020
Financial law, Stock market, Security, Derivative, Electronic voting, Group decision-making, Business law, Corporate law, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.