Which of the Following About a P-Note Issue Program Is

question 91

Multiple Choice

Which of the following about a P-note issue program is incorrect?

• A) A P-note issue program is a rollover facility whereby as P-notes mature, new notes are issued and discounted.
• B) A P-note program generally will have a lead manager.
• C) When members of the dealer panel bid for the paper, bids are generally quoted to a margin over a specified benchmark.
• D) The typical P-note issue program is a revolving facility with the dealer having the right to cancel, subject to providing the issuer with the required notice.

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Definitions:

Hasan and Manohar

Two artists from the Mughal Empire era, known for their contributions to Mughal miniature painting.

Schwedagon Pagoda

A stunning, gilded Buddhist stupa located in Yangon, Myanmar, considered one of the most sacred Buddhist sites in the country, adorned with hundreds of gold plates and thousands of diamonds.

Buddha's Hairs

Sacred relics in Buddhist tradition, believed to be actual hairs from the Buddha, preserved and venerated in various stupas and temples.

Pha That Luang

A large gold-covered Buddhist stupa in the centre of Vientiane, Laos, serving as a symbol of both Buddhism and Lao sovereignty.