Preferred Redeemable Increased Dividend Equity Security - PRIDES - First introduced by Merrill Lynch, PRIDES are synthetic securities consisting of a forward contract to purchase the issuer"s underlying security and an interest bearing deposit. Interest payments are made at regular intervals, and conversion into the underlying security is mandatory at maturity.
Preferred Redeemable Increased Dividend Equity Security - PRIDES : first introduced by merrill lynch, prides are synthetic securities consisting of a forward contract to purchase the issuer"s underlying security and an interest bearing deposit. interest payments are made at regular intervals, and conversion into the underlying security is mandatory at maturity.
Preferred Redeemable Increased Dividend Equity Security - PRIDES