US MTNs — U.S. Medium-Term Notes

Last updated 5 October 2026.

This is a business tool, and almost everything in it is business information.

If you have an account here, what we hold about you personally is your work contact details, what you did on the site, and the records your work here produced. If you do not, it is a record that a page was opened. We do not sell any of it, we do not advertise, and nothing here is shared with anybody for their own purposes.

We use outside providers to run the site — hosting, storage, email — under contract and for no purpose of their own. Price lists you paste or email in, and questions you type into the Ask box, are sent out to be read; no account records go with them.

Which parts of this apply to you

Four jobs use this site, and most of what follows is about only one of them. Each part below is labelled Everyone or Running, distributing or issuing deals. Those three share one label for two different reasons: what we hold about an issuer's people is no different from what we hold about a dealer's, and which of a wholesaler or a distributor you are on a given bond is a fact about that deal rather than about your account. If you are here only to look at bonds, the parts about deals and prices are not about you.

Not everybody here does one of the four. Plenty of people read the market pages and the offering documents without an account at all, and almost none of this is about them: we keep a record that a page was opened, and whatever they ask or write to us. Nothing is hidden either way — it is the same document whether or not you are signed in.

Who we are

US-MTNS operates this site for the US medium-term note market: the broker-dealers and issuers who bring notes to it, the investors who buy them, and anybody who follows the market without being a client of any firm here. Much of it reads without an account at all — the market pages, the league tables and the offering documents. Write to admin@us-mtns.com about anything on this page.

What we hold

Your accountEveryone

Your name, work email address, any other addresses you tell us you send from, the firm you belong to, what you are allowed to do here, and which versions of our disclaimer you have accepted. Bonds you bookmark, and views you save. If you have no account here, there is none of this.

Your password is stored as a one-way hash, never as text. Nobody here can read it, and a reset replaces the hash rather than recovering anything.

What you did hereEveryone

A compliance audit trail: your address, what was done, and when — signing in, opening a document, downloading data, and, for somebody working a deal, the actions that change a deal or a colleague's access. It exists so that a firm can answer "who did this", including about us.

A record of pages opened: the page, your address and firm if you were signed in, the session the visit belonged to, the kind of browser, where you arrived from, and whether you were turned away for not being signed in.

The session is recorded even when you are not signed in, so the pages of one anonymous visit are linked to each other, though not to a name. A visit made while an administrator is signed in as you is marked as such. The record is ours alone — see the cookie policy for why there is no analytics service.

Faults. When something breaks we keep the error, the page it happened on, and the address and firm of the person it happened to — enough to come and ask you about it.

Your workRunning, distributing or issuing deals

Deals, orders, trades, hedges, prices, offering documents and the firms on either side of them. Business records rather than personal data, but your address is on the ones you made — an order says who entered it, a price says who set it — and that attribution is the point of the record, so it is not removable from it.

If you only read the market, we hold no deal, order, trade or price with your name on it: there is no way for you to make one.

What you send usEveryone

Questions you type into the Ask box, with the page you asked from and the answer you were given. They are grouped by question rather than by person — six people asking the same thing is one record — and your address is kept on the ones you asked, so we can come back to you. Someone not signed in is counted without being named.

If you write to admin@us-mtns.com we keep the correspondence. If you report something with Tell us something, we keep what you wrote, the page and section you were on, and your address and firm if you were signed in.

Reoffer prices, if your desk sends them.Running, distributing or issuing deals
The sender, the subject, the time and an excerpt — enough to show you why a price was or was not applied. Attached documents are stored as documents.

How long we keep it

The first three are enforced by the database itself.

This	Lasts
Your session	100 hours. See the cookie policy.
The record of pages opened	400 days, then deleted automatically.
Questions typed into the Ask box	365 days after the last time anybody asked that question, then deleted automatically. One still being asked stays.
Fault reports	Kept. Clearing one marks it as dealt with; it does not delete it.
Reoffer emails your desk sends us	Kept, with the rest of the pricing record.
What you report with Tell us something	Kept. Marking one reviewed does not delete what you wrote.
The compliance audit trail	No fixed end. It goes back to March 2023. It is the record a firm relies on to answer who did what, and shortening it would defeat it.
Your account	As long as it exists. Switching an account off keeps the record; deleting one removes it.
Deals, orders and trades	Kept. They are the market's record of what was done.

Your choices

There is no settings page on this site.

Yours — your password (change it while signed in, or reset it by email), and the bonds you bookmark and views you save, which you can remove yourself.
What you can reach here — if your account belongs to a firm, that firm's organisation manager sets this, on Manage Org, and can switch your account off. Most accounts that only read the market are not attached to a firm, and for those it is us: write and ask.
Your name, and the addresses you send from — only we can change these. Write and ask.
Email from us — there is no preference switch. What we send is about deals, documents and accounts you are party to; if a kind of it should not reach you, tell us and we will stop it.
Cookies — two, both necessary. Reading the public pages stores nothing; a cookie appears when you sign in, or when you ask for a page that needs signing in and we record where to send you afterwards. The cookie policy explains how to refuse them, and what that costs you.
Access, correction and deletion — write to admin@us-mtns.com and we will tell you what we hold and what we can remove. We will say where we cannot: a trade is a record of something that happened, and your firm's audit trail is not ours to erase on request.

Two things worth saying plainly

An administrator here can sign in as you, to see what you see when something is wrong with your account.

Children. This site is for people doing their jobs at financial firms. It is not for anybody under 18 and we do not knowingly hold anything about one.

Changes, and what this does not cover

If what we collect changes, so does this page, and the date at the top.

This is a notice about what we hold and what we do with it. It is not a statement of rights under any particular country's data-protection law, and it does not describe a lawful basis, a transfer mechanism, or a complaints procedure to a regulator. If you need those answers for your firm, write to us and ask.

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