Template:M intro repack payments waterfall: Revision history

3 October 2023

• curprev 13:1713:17, 3 October 2023‎ Amwelladmin talk contribs‎ 2,852 bytes −4,288‎ No edit summary
• curprev 13:1613:16, 3 October 2023‎ Amwelladmin talk contribs‎ 7,140 bytes +7,140‎ Created page with "The priority of payments waterfall in a repackaging is an important, but fundamentally dull, piece of engineering, only made interesting, somewhat, when rating agencies intervene sometimes to make life harder for dealers. The idea is to sort out all the agents and their mandatory running costs first, then “senior” creditors — typically the broker as swap counterparty, though this is where rating agencies can intervene — then getting to the Noteholders and if..."