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© J. W. Korth & Company, 2009.
All Right Reserved
Shop4Bonds SM is a Service Mark
of J. W. Korth & Company
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- Lowest Priced Inventory: No one has lower priced inventory because we show the inter-dealer prices to all our clients. We charge straight forward execution fees (see below) for buying and selling your bonds, and we have extensive bond market experience among our principal professionals.
- World's Leading Bond Inventory: With our J.W. Korth Institutional/Alpha and Beta platforms, we show the inter-dealer market offerings from over 400 dealers, banks and institutions. The use of multiple platforms on one website makes us the largest inventory in the world and we have filed a provisional patent in this regard.
- Electronic Buy Transactions:
- For buy transactions of 20 bonds or more from the Shop4Bonds systems
whether electronic or with telephonic assistance there are no stated
execution fees. Rather there will a reduction in the yield offered
by the dealer as follows:
- Deduct 10 basis points (or 10/100ths of 1.0%) in yield for bonds
longer than 8 years in maturity
- Deduct 15 basis points (or 15/100ths of 1.0%) for bonds from
4 to 8 years in maturity
- Deduct 20 basis points (or 20/100ths of 1.0%) in yield for bonds
shorter than four years
Example: Suppose a bond on our Shop4Bonds
System is offered at 6.35%. If it is longer than 8 years, you receive
a yield of 6.25%. If it is between 4 and 8 years, you receive a
6.20%. If it is shorter than 4 years and you receive a 6.15% yield
to maturity.
- Bonds offered with a yield to maturity of higher than 8.0% will
receive the basis point pricing based on an 8.0% yield to maturity.
- There is a 10 bond minimum and a minimum flat fee of 1.0% of Principal
Amount for fewer than 20 bonds. For all orders the minimum fee is
$150.
- Convertible bonds, commodity based issues, derivative bonds, distressed
bonds, and other out-of-the-ordinary securities will have special
pricing.
- Reasonable Costs:
For bonds we own prior to sale to you, we may have a profit or loss based on market conditions. If we sell our inventory to you, it will be at the best available price if they are offered on our J.W. Korth/Institutional platforms, with the regular execution fee.
J.W. Korth/Institutional Log Ons: There is a basic cost
to providing you with the J.W. Korth/Institutional system. Consequently,
the System is set to automatically favor those customers who are actively
trading securities through us. Therefore it is possible after a long period
of no trade activity, you might receive a "Please call 1-800-454-1628 option
#3 to have your log on reset".
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