What is the meaning of When issued (WI)?

When issued (WI) refers to a transaction made conditionally, because a security, although authorized, has not yet been issued. Treasury securities, new issues of stocks and bonds, stocks that have split, and in-merger situations after the time the proxy has become effective but before completion are all traded on a when-issued basis. With ice.

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APABarry Goldsmith. (2010). when issued (wi). Retrieved September 21, 2026, from http://smartdefine.org/when_issued_(wi)/definitions/1166482
ChicagoBarry Goldsmith. 2010. "when issued (wi)" http://smartdefine.org/when_issued_(wi)/definitions/1166482 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, when issued (wi), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/when_issued_(wi)/definitions/1166482>.
MLABarry Goldsmith. "when issued (wi)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/when_issued_(wi)/definitions/1166482>