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

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