Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Debt Securities definition

What does Debt Securities mean? Debt securities are tradable instruments issued by a borrower (the issuer) that evidence a debt and oblige the issuer to repay principal, usually with interest (a coupon), on scheduled dates. In practice this includes bonds, notes, debentures, loan stock, loan notes and commercial paper, typically issued in series and transferable between investors. The term is a descriptive expression used across financing, capital markets and corporate law rather than a single statutory definition, though related concepts appear in legislation and regulation (for example, “debentures” under the Companies Act and “transferable securities” under the prospectus regime). Key legal features commonly include: -...

UK debt securities: trading venues, settlement systems and custody—market infrastructure, key service providers and regulatory framework

Published by a LexisNexis Banking & Finance expert

Practice notes

What does this Practice Note cover?

The primary emphasis of this Practice Note is on debt securities (such as bonds or notes) and it provides an introduction to:

trading, settlement and custody of debt securities in the UK, and
the key UK regulatory frameworks that govern these activities

This Practice Note also highlights the main categories of relevant service providers and summarises the UK regulatory frameworks applicable to them. For a quick summary of how the debt capital markets are regulated in the UK, see Practice Note: EU and UK regulation of the debt capital markets—one minute guide. For information on the debt securities market infrastructure in the EU, see Practice Note: EU Debt securities market infrastructure.

Introduction

The importance of tradeability of debt securities

Tradeability is a fundamental attribute of debt securities. investors’ ability to purchase and sell—trade—debt securities depends on:

standardisation of the terms and conditions of debt securities (for more information, see Practice Notes: Terms and conditions of debt securities and Terms and conditions—first time issuer's guide)
the fungible nature of debt securities (for more information see Practice Note: Key legal issues in English law in debt capital markets—fungibility), and
the...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...