Borrower: Difference between revisions
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Being a [[Counterparty|swap counterparty]] is not to be a [[borrower]], although one’s [[mark-to-market]] [[exposure]], if not collateralised, can certainly resemble [[indebtedness]] even though, strictly speaking, it isn't. | Being a [[Counterparty|swap counterparty]] is not to be a [[borrower]], although one’s [[mark-to-market]] [[exposure]], if not collateralised, can certainly resemble [[indebtedness]] even though, strictly speaking, it isn't. | ||
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*[[Cross default]] | *[[Cross default]] | ||
Revision as of 11:36, 18 January 2020
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One who borrows. From lenders. Under loans. Involves indebtedness.
If one borrows by means of deposits, you ought to be a licensed deposit-taking institution, which is another way of saying a bank.
Being a swap counterparty is not to be a borrower, although one’s mark-to-market exposure, if not collateralised, can certainly resemble indebtedness even though, strictly speaking, it isn't.