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3 October 2023
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Created page with "There comes a time in a asset-backed espievie’s life when things go ''Germknödel in der Luft''. This can happen two ways: The expected way: because some part of the security package — an underlying asset, a swap counterparty or, heaven forbid, the paying agent has failed. These are regrettable externalities of ''la vie financière'' which no-one ''wants'', exactly, but exposure to these risks, and the compensation one earns fo..."
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