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Bondholders Representative

A bondholders' representative protects the bondholders' rights vis-à-vis the issuer. For the issuer the bondholders' representative acts as a single point of contact representing the bondholders.

Safer for the bondholders

The bondholders' representative protects the rights of the bondholders and monitors issuers' performance of obligations pursuant to the bond agreement and may take action on behalf of all the bondholders, in a distressed situation.

Simpler for issuers

The issuer may relate to the bondholders' representative as a representative of all the bondholders, and may reject bondholders that make direct claims on the issuer. In the event of conflict or a demand for renegotiation, the issuer may discuss various options regarding procedure with the bondholders' representative in confidence.

Commercial Paper (Certificates)

The documentation for commercial papers is a simplified version of the documentation for bonds.