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Isda Automatic Early Termination premium
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It is a regulatory capital tool, not a credit mitigant
The case for end-users being blasé
Not a “nice to have”
Formal bankruptcy petitions and grace periods
Conventional view: just ignore the grace periods
JC’s view: you can’t ignore grace periods
“Büchsteinian indeterminacy”
Whither market risk during a period of indeterminacy?
Anticipatory waiver?