securities term for when and if issued, referring most often to conditional trading in bonds or other securities in the interval between the announcement date and the actual date of issue. Securities dealers trade offerings of new securities, stock splits, and government securities, among others, in the period before the effective listing date. Although the U.S. Treasury Department tries to discourage trading in Treasury securities on a when issued basis, government securities dealers frequently can arrange preauction bond swaps (yield swaps) for the issue to be offered for sale.
short form of "when, as, and if issued," a term referring to a transaction made conditionally because a security, although authorized, has not yet been issued. New issues of stocks and bonds, stocks that have split, and U.S. Treasury securities are all traded on a when-issued basis. In a newspaper listing, WI next to the price indicates such a security.
short form of "when, as, and if issued." Term refers to a transaction made conditionally because a security, although authorized, has not yet been issued. new issues of stocks and bonds, stocks that have split, and Treasury securities are all traded on a when issued basis. In a newspaper listing, a "WI" is placed next to the price of such a security.
