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Amwelladmin (talk | contribs) (Created page with "===The South African credit-linked note and the misunderstood sw-æp=== It was decades ago, a mild Friday evening in the infancy of the credit derivative|credit deriv...") |
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It was decades ago, a mild Friday evening in the infancy of the [[credit derivative|credit derivatives]] market. It was all to do with a secured [[note]], [[credit-linked note|credit-linked]] to the republic of South Africa. I had drafted it — elegantly, if I do say so myself — and faxed if off, as one did in those days, to our client, a giant investment bank, and the prospective purchaser. The | It was decades ago, a mild Friday evening in the infancy of the [[credit derivative|credit derivatives]] market. It was all to do with a secured [[note]], [[credit-linked note|credit-linked]] to the republic of South Africa. I had drafted it — elegantly, if I do say so myself — and faxed if off, as one did in those days, to our client, a giant investment bank, and the prospective purchaser. The week’s work done, I was putting my blazer on and groping for my brolley when the phone rang. | ||
I turned on my heels and regarded it resentfully. Should I answer? | I turned on my heels and regarded it resentfully. Should I answer? | ||