Short bond/Short-dated bond meaning

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Banks and mutuals UK MiFID II EU MiFID II Consumer credit Regulation of insurance Payment services and systems Fintech and cryptoassets LexTalk®Financial Services: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies FCA publishes Handbook Notice No 135 The Financial Conduct Authority (FCA) has issued Handbook Notice No 134, outlining amendments to the FCA Handbook and related materials approved by the FCA board on 27 November 2025. See: LNB News 28/11/2025 48. ESMA sets out planned consultations for...

Star Engineering Pte Ltd — Applicant; and (1) Pollisum Engineering Pte Ltd (2) Great Eastern General Insurance Ltd [2024] SGHC 137 What are the practical implications of this case? The High Court’s ruling reinforces the Singapore judiciary’s enduring commitment to honouring parties’ bargains to arbitrate—the courts will shield parties’ fundamental freedom to decide both the cause of action and the forum in which to proceed under valid arbitration agreements. In the more specific setting of resisting a call on a performance bond (which the Court described as a functional, mechanical instrument giving effect to the construction contract), the judgment delivers a firm message: notwithstanding a non‑exclusive jurisdiction clause in the bond, the Singapore court is ready to halt court proceedings in favour of arbitration. That stance holds even if the controversy could be resolved more quickly were it to be determined by the court on a substantive basis. In short, valid arbitration agreements prevail, and litigation is stayed accordingly...

In this issue: Key DR developments Claims and remedies Cross-border disputes Injunctions Litigation Case management Evidence and disclosure Dates for your diary Useful information Daily and weekly news alerts Key DR developments Minutes OPRC minutes of 12 May 2025: The record of the Online Procedure Rule Committee meeting held on 12 May 2025—run in a hybrid format at The Rolls Building (Royal Courts of Justice) and via video conference—addresses matters such as statutory instruments, plans for consultation, updates from sub-committees on possession and property, the pre-action model, the inclusion framework, and how forthcoming workstreams will be aligned. Further coordination of upcoming workstreams was recorded as a priority. For more, see News Analysis: Minutes of the OPR Committee meeting—12 May 2025. CPRC minutes of 9 May 2025: The note of the Civil Procedure Rule Committee meeting of 9 May 2025—again hybrid at The Rolls Building (Royal Courts of Justice) and via video conference—ranges...

The sustainable finance market has seen explosive growth in select product segments over the past five years. Annual green bond issuance, for instance, topped US$500bn in 2021, and environmental resilience is becoming an increasingly significant driver of investment choices worldwide. Yet the Organisation for Economic Co-operation and Development (OECD) estimates that US$6.9tn a year will be needed through 2050 to fund infrastructure that achieves development goals and delivers a low-carbon, climate-resilient future. If nothing changes, current market finance will fall far short in both scale and approach. One clear but transformative answer is to pool and amplify sustainable assets via sustainable securitisation. For this to be workable, a critical pipeline of sustainable finance assets across multiple classes must be available in the market. Sustainable securitisation can concurrently offer institutional investors access to sustainable assets while easing pressure on bank balance sheets. At present, most infrastructure schemes depend on bank loans, yet alternative funding sources are essential because the US$90tn needed for global sustainable infrastructure cannot be provided by banks...

Debt Capital Markets Glossary—A Accelerate Acceleration of a note means declaring it immediately due and payable before its scheduled maturity when an event of default arises, and this requires notice to be given. Agreement among managers A contract between the managers that sets out the nature and terms of their relationship, generally based on the International Capital Market Association (ICMA) standard form. Allotment The portion of notes offered by the lead manager to the syndicate. Allotment telex Where no co-managers are invited to the syndicate, the lead manager handling documentation sends the other lead managers an allotment telex confirming the allocation of the notes, subject to completion of the issue. Debt Capital Markets Glossary—B Basis point One hundredth of a per cent (0.01%); i.e. a rate of a stated benchmark plus 75 bps equals that benchmark rate plus 0.75%. Bearer form The key characteristics of bearer securities are that: a bearer security is a...

Introduction The ABI Model Form of Guarantee Bond first appeared in 1995, with a revision in 2002 to add a reference to the Contracts (Rights of Third Parties) Act 1999. A copy can be found here: ABI Model Form of Guarantee Bond. An explanatory guide accompanies the form. According to the ABI’s explanatory guide, the Model Form emerged after an extensive consultation with government and local authority advisers, commercial users, bodies from the construction and engineering sectors, leading construction firms and insurers, in order to address the House of Lords’ criticism of outdated bond wordings in the Trafalgar House case. The guide also sets out the objectives of the Model Form in greater depth and includes commentary on the drafting. In essence, the objective was to deliver a concise, short-form conditional bond wording, written in plain, contemporary language, intended to achieve a fair equilibrium between protecting the employer’s interests and those of the contractor. The aspiration and intention were that the ABI Model Form would be adopted as an...