Template:M intro repack merger of debt: Difference between revisions

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-===“What if an Issuer holds its own Note?”===
+===“What if the issuer holds its own note for a bit?”===
-Creating a structured product is large part a question of herding bureaucratic and yet strangely wilful cats. Some of its many inconveniences could be addressed by parking a newly-minted instrument, for the time being, somewhere safe and inert. If the instrument is ''issued'' but yet ''out of harm’s way'': in the fridge, so to speak — one can sort out oneself and one’s cats in tranquillity before putting the instrument back out to the market when the cats are quiet and it is prudent to do so.
+Creating a structured product is largely a question of herding a lot of bureaucratic, pedantic and yet strangely wilful cats.
+Some of its many inconveniences could be addressed by parking a newly-minted instrument, for the time being, somewhere safe while you hunt down and immobilise extant felines. If the instrument is ''issued'' but yet ''out of harm’s way'': in the fridge, so to speak — one can sort out oneself and one’s remaining cats in tranquillity before putting the instrument back out to the market when the cats are at peace and it is prudent to do so.
 Who would the best person be to hold the instrument in such a case, to keep it on ice?

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