In the Debt Bond panel, you can manually book an open (buy or short sell) and close (sell or buy to cover) trade for a number of bonds, including: ■ Municipal
- Municipal bonds
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- Convertible bonds
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- PIK (payment in kind) bonds
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- Step bonds
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- Convertible bonds
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- Term loans
This article assumes you are familiar with the entity and security level elections that have been made for processing a debt bond.