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REVERSEinquiries Newsletter, Volume 6, Issue 1 - July 1 2025

An Overview of Which Market Disruption Events to Include for the Most Common Asset Classes under a Medium-Term Note Program - A movie scene showing a day in the life of a calculation agent would likely not survive the...more

FSB Raises Concerns With CP and CD Markets

On May 22, 2024, the Financial Stability Board (FSB) issued a report on vulnerabilities in the markets for commercial paper (CP) and negotiable certificates of deposit (CDs). The report analyzes the structure of the markets,...more

FINRA FAQs on Rule 5122 and 5123 Filing Requirements for Retail Communications

FINRA posted a set of FAQs on the filing requirements of Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities). ...more

What’s the Deal? Medium-Term Note Programs

Here’s the deal: MTN programs are designed to enable frequent debt issuers to access the market quickly, without the burden of negotiating a suite of takedown documents for each debt issuance. ...more

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