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Abstract: 

Investors require substantially complete, pertinent information both at the time of a sale and throughout the life of a bond to make timely, informed credit decisions. Money market investors, in particular, must comply with SEC requirements to make independent credit decisions and thus are more positively disposed to those issuers who initially provide up-to-date information and follow through with regular continuing disclosure. This article is based on her presentation in the panel on Bond Pricing and Credit Approval at the National Association of Independent Public Finance Advisors (NAIPFA) Annual Conference in San Francisco, October 2–4, 2002.

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Affiliations:  1: Charles Schwab.