Template:M premium Credit Derivatives 2.2(a): Difference between revisions

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Created page with "One way of digesting all of this is as follows, which we offer disclaimed of all responsibility: 500px|frameless|center|This is our best guess of how this all works You may have questions. We have questions. The options don’t seem to ''scan'', to use a term from poetry. ===75+% Successors=== If there is one successor to three-quarters or more of the Reference Obligations, logically there can’t be any succeeding entities accounting for more..."
 
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===75+% Successors===
===75+% Successors===
If there is one successor to three-quarters or more of the Reference Obligations, logically there can’t be any succeeding entities accounting for more than 25%, since there aren’t that many Reference Obligations left. and if the Reference Entity in still in existence, it is a shallow husk of the entity it was: it cannot have a quarter of its old Reference Obligations for the same reason.
If there is one successor to three-quarters or more of the Reference Obligations, logically there can’t be any succeeding entities accounting for more than 25%, since there aren’t that many Reference Obligations left. and if the Reference Entity in still in existence, it is a shallow husk of the entity it was: it cannot have a quarter of its old Reference Obligations for the same reason.
===25+% Successors
===25+% Successors===

Latest revision as of 07:09, 25 July 2023

One way of digesting all of this is as follows, which we offer disclaimed of all responsibility:

This is our best guess of how this all works
This is our best guess of how this all works

You may have questions. We have questions. The options don’t seem to scan, to use a term from poetry.

75+% Successors

If there is one successor to three-quarters or more of the Reference Obligations, logically there can’t be any succeeding entities accounting for more than 25%, since there aren’t that many Reference Obligations left. and if the Reference Entity in still in existence, it is a shallow husk of the entity it was: it cannot have a quarter of its old Reference Obligations for the same reason.

25+% Successors