Open AccessDEFINICJA PAPIERÓW WARTOŚCIOWYCH DŁUŻNYCH
Author(s) -
Andrzej Chłopecki
Publication year - 2017
Publication title -
zeszyty prawnicze
Language(s) - English
Resource type - Journals
eISSN - 2353-8139
pISSN - 1643-8183
DOI - 10.21697/zp.2003.3.2.05
Subject(s) - issuer , hybrid security , private placement , debt , broker dealer , business , investment banking , third market , security market , financial system , monetary economics , accounting , economics , finance
Definition of Debt SecuritiesSummaryThe main subject of this article is the definition of debt securities in Polish civil law. This expression („debt securities”) used in many parliaments bills, was not defined on the level of the parliaments bill. Especially in cases of so called „hybrid securities” (securities with the mixed legal nature) there is a necessity to analyze and define their legal nature. This article gives a very short overview on the different types of securities and proposes their systematical classification. The main conclusion of this article is: either in the case of the mixed nature of securities, the right to demand from the issuer to withdraw securities (to pay for them or exchange them into a different type of securities) determines the legal nature of securities as debt securities.