Template:M premium summary repack Debt security

• Why aren’t debt securities traded on exchange?
• The complicated relationship between debt securities and credit derivatives
• What happens if an issuer holds its own debt securities? Is some dark magic invoked, or a portal opened to a nasty dimension in the space-tedium continuum?
• American stiltery about merger of a contract of indebtedness into a negotiable instrument
• Could a very short-term — say, ooh, less than one year — debt security count as a “deposit” under FSMA?