Qualified institutional buyer: Difference between revisions

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-{{a|repack|}}A “[[QIB]]” is a company that manages a minimum investment of $100 million in securities on a discretionary basis or is a registered broker-dealer with at least a $10 million investment in non-affiliated securities, and can therefore buy [[Rule 144A]] private placements.
+{{aai|repack||QIB}}A “[[QIB]]” is a company that manages a minimum investment of $100 million in securities on a discretionary basis or is a registered broker-dealer with at least a $10 million investment in non-affiliated securities, and can therefore buy [[Rule 144A]] private placements.
-===[[FWMD]]===
+{{a|repack|}}Wikipedia has a pretty good entry on [[QIB]]s:
+https://en.wikipedia.org/wiki/Qualified_institutional_buyer
+This concept is relevant to [[U.S. persons]] who are purchasing {{tag|debt securities}} in offerings which are not SEC registered. Generally {{tag|US persons}} cannot buy from public offers of  securities that are not registered with the SEC (known as {{tag|Regulation S}} issues - it includes most {{tag|Eurobond}}s issued in the London market.
+There is an exemption - the Rule 144A exemption, which applies to private offers of securities to [[QIB]]s. QIBs are basicvally "big boys" who do not require SEC protection to make these investments. They must hold the securities for a certain period before selling them.
+Not to be confused with TEFRA rules relating to [[bearer security|bearer securities]], which are tax related.
+ ===[[FWMD]]===
 Also, a type percussive stick grenade that saw action in the [[Bretton Woods|Battle of Bretton Wood]]s, and also features in the [[Opco Boone]] adventure, ''[[SIV Endgame: An Opco Boone Adventure|SIV Endgame]]''
 {{sa}}
+*[[US private placement]]