An offering memorandum (OM) or offering circular (OC) is a type of

prospectus (finance) A prospectus, in finance, is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description ...

for a bond or other

security Security is protection from, or resilience against, potential harm (or other unwanted coercion). Beneficiaries (technically referents) of security may be persons and social groups, objects and institutions, ecosystems, or any other entity or ...

. Sometimes, this is also referred to as a prospectus, offering memorandum, or short OC. The terms "offering memorandum", "OM", or "offering circular", "OC", are used instead of "prospectus" in certain situations, such as when the offering is not required to be registered with the

United States Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agencies of the United States government, independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its ...

(SEC). Offering memoranda are needed when seeking securities identification numbers or listing on various global stock exchanges.Offering Circular vs Offering Memorandum
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References

{{reflist Bond market