Anticipated ULR Contract Resale Markets
ULR contracts are anticipated to develop a secondary market with price discovery through the IPXI Bulletin Board, supported by third party liquidity providers. Illustrative data follows:
USP X,XXX,137 A/B/C
Expiration: 12/31/17
PRIMARY MARKET DATA
| Tranche |
Authorized |
Issued |
Consumed |
| U137A |
10,000,000 |
10,000,000 |
6,888,658 |
| U137B |
10,000,000 |
2,500,000 |
— |
| U137C |
30,000,000 |
— |
— |
| Follow-on (each) |
50,000,000 |
— |
— |
Secondary Market Data
| Tranche |
Bid |
Ask |
% Inventory Held by Institutional Users |
| U137A |
$0.625 |
$0.630 |
28% |
| U137B |
$0.750 |
$0.750 |
0% |
| U137C |
— |
— |
— |
| Follow-on (each) |
— |
— |
— |
