| 摘要 |
<p>A convertible financial instrument (101) provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled (see Fig. 1). The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may also provide a provision for contigent payments to the holder based on formula calculations which may occur when the market value of the convertible instrument exceeds a pre-determined value.</p> |
