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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]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

A pure financial rationale for the conglomerate mergerA pure financial rationale for the conglomerate merger
www.jstor.org [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

Innovation in preferred stock: Current developments and implications for financial reportingInnovation in preferred stock: Current developments and implications for financial reporting
meridian.allenpress.com [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

Financialised capitalism: Crisis and financial expropriationFinancialised capitalism: Crisis and financial expropriation
brill.com [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

The global financial crisis and the shift to shadow bankingThe global financial crisis and the shift to shadow banking
www.elgaronline.com [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

A primer on tax increment financingA primer on tax increment financing
books.google.com [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

The debt-equity distinction in a second-best worldThe debt-equity distinction in a second-best world
heinonline.org [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …

The determinants of voluntary financial disclosure by nonprofit organizationsThe determinants of voluntary financial disclosure by nonprofit organizations
journals.sagepub.com [PDF]
… So far, the Internal Revenue Service has allowed the issuer to deduct … QUIPS (quarterly income preferred security), QUICS (quarterly income capital securities), and QUIDS (quarterly income debt securities) … to the public.2 Although MIPS is deeply subordinated debt, the rating …



Q&A About Quarterly Income Debt Securities (QUIDS)


What is a QUIDS?

A QUIDS is a debt instrument offering guaranteed quarterly payments directly to the shareholder by the parent company.

Where do you buy them from?

You can buy them from an investment bank or broker-dealer.

Who sells these securities?

Goldman Sachs & Co. sell these securities.

What are the characteristics of a QUIDS?

The characteristics of a QUIDS include being sold in small denominations, generally 25, and callable by the issuer in 5 years.