Not exact matches
Government of Canada marketable
debt, which includes treasury bills and marketable bonds, is
distributed through competitive auctions to Government
Securities Distributors, a group of banks and investment dealers in the Canadian market.
Over the long run,
securities markets act as an allocation mechanism to
distribute this underlying economic value to
debt holders and to enterprise shareholders.
Commercial mortgage - backed
securities, on the other hand, have a special role in
debt financings on the highest end of the spectrum of deal amounts — and in
distributing the risk in loans whose payoffs might not be quite as transparent as those of the deals that life insurers spring for.