Quarterly Income Debt Securities (QUIDS)

What is ‘Quarterly Income Debt Securities – QUIDS’

A debt instrument offering guaranteed quarterly payments directly to the shareholder by the parent company. Quarterly Income Debt Securities (QUIDS) were formed by Goldman Sachs & Co. and are sold in small denominations, generally $25. They usually are callable by the issuer in 5 years and with maturities of around 30-50 years.

Explaining ‘Quarterly Income Debt Securities – QUIDS’

Typically these are senior unsecured debt that rank above preferred securities and on the same level as other unsubordinated and unsecured debt. These securities were made to be similar to Trust Preferred Securities but excluding the trust.

Further Reading

  • Raising capital using monthly income preferred stock: Market reaction and implications for capital structure theory – www.jstor.org [PDF]
  • A pure financial rationale for the conglomerate merger – www.jstor.org [PDF]
  • Innovation in preferred stock: Current developments and implications for financial reporting – meridian.allenpress.com [PDF]
  • Financialised capitalism: Crisis and financial expropriation – brill.com [PDF]
  • The global financial crisis and the shift to shadow banking – www.elgaronline.com [PDF]
  • A primer on tax increment financing – books.google.com [PDF]
  • The debt-equity distinction in a second-best world – heinonline.org [PDF]
  • The determinants of voluntary financial disclosure by nonprofit organizations – journals.sagepub.com [PDF]