About Calculation Agents Pathway

Many people think of convertible bonds and derivatives as very complicated products which are difficult to understand, and it’s easy to see why, with market practitioners having developed hundreds of acronyms and Greek terms to describe the transactions and their behaviour to each other. The role of a calculation agent is to assist with these issues to make transactions smoother for issuers. In this pathway, Mark will give you an overview of what a calculation agent is, what one does and how they help the market function.

In this pathway

Pathway experts

Mark Dalton

20 years: Equity capital markets

Mark Dalton was an investment banker for 15 years, starting out in Toronto working for BMO Capital Markets, before moving to London to do a Masters in Finance at London Business School. He then spent 11 years at UBS, where he was involved in structuring, documenting, and executing tens of billions of convertible bond and strategic equity derivatives transactions. Currently, Mark is the Managing Director and Founder of ConvEx, a leading independent calculation agent in EMEA.