User contributions for Amwelladmin
A user with 87,765 edits. Account created on 25 June 2012.
3 October 2023
- 21:0821:08, 3 October 2023 diff hist +28 N Template talk:Who domesticated whom Created page with "The domestication of law" current Tags: Mobile edit Mobile web edit
- 20:5520:55, 3 October 2023 diff hist −3,572 Agency problem No edit summary Tags: Mobile edit Mobile web edit
- 18:0218:02, 3 October 2023 diff hist −54 Template:JC splash No edit summary
- 14:2414:24, 3 October 2023 diff hist +38 N Template:M sa repack meetings of noteholders Created page with "*Enforcing security *Amendment" current
- 14:2414:24, 3 October 2023 diff hist +93 N Template:M premium summary repack meetings of noteholders Created page with "*A deeper philosophical rumination about ''why'' you might need noteholder meeting provisions" current
- 14:2314:23, 3 October 2023 diff hist +28 Template:M intro repack meetings of noteholders No edit summary current
- 14:2314:23, 3 October 2023 diff hist +877 N Template:M intro repack meetings of noteholders Created page with "If you want to change anything in a bearer security, you will need to round up all the noteholders and ask them to agree. This is quite the exercise and involved all the procedural faffery of conducting an formal business meeting — a lost art in these days of zooms, change management and remote working, but once upon a time almost all business meetings had a formal chair, a quorum, a minute secretary and resolutions. If there is a note trustee, it can make decisi..."
- 14:0814:08, 3 October 2023 diff hist +60 N Template:M sa repack MTN structure Created page with "* Medium term note programme * Repackaging programme" current
- 14:0814:08, 3 October 2023 diff hist +6,552 N Template:M intro repack MTN structure Created page with "You will know by now old Grandpa Contrarian’s story of the farmer and the sheep. It is illustrated richly in every cove, inlet and waterway of the financial markets, but is no better exemplified than in the genetic structure of a medium term note programme. These, for the fortunately uninitiated, are architectural structures by which corporations raise funds in the international debt capital markets. Their history is long and mildly diverting at best — t..." current
- 14:0714:07, 3 October 2023 diff hist −6,624 The curious structure of an MTN Replaced content with "{{essay|repack|MTN structure|{{layman|bond}}}}" current Tag: Replaced
- 14:0714:07, 3 October 2023 diff hist +18 The curious structure of an MTN No edit summary
- 14:0514:05, 3 October 2023 diff hist +27 Meetings of noteholders No edit summary current
- 14:0314:03, 3 October 2023 diff hist +40 Template:Repack TOC No edit summary
- 14:0214:02, 3 October 2023 diff hist +41 N Meetings of noteholders Created page with "{{essay|repack|meetings of noteholders|}}"
- 13:3613:36, 3 October 2023 diff hist +47 N Template:M sa repack application of proceeds Created page with "*Enforcing security *Payments waterfall" current
- 13:3313:33, 3 October 2023 diff hist +296 Template:M intro repack application of proceeds No edit summary current
- 13:3013:30, 3 October 2023 diff hist −1,094 Template talk:M intro repack application of proceeds No edit summary current
- 13:2913:29, 3 October 2023 diff hist −471 Template talk:M intro repack application of proceeds No edit summary
- 13:2713:27, 3 October 2023 diff hist +1,366 Template talk:M intro repack application of proceeds No edit summary
- 13:2613:26, 3 October 2023 diff hist +6,533 N Template talk:M intro repack application of proceeds Created page with "(a) Application of Available Proceeds of Liquidation The Issuer shall, on each Issuer Application Date, apply the Available Proceeds as they stand on each such date as follows: (i) first, pari passu, in payment of: (A) where immediately prior to the associated termination of the Swap Agreement, the Swap Counterparty’s Credit Support Balance (VM) (if any, in its capacity as Transferor under the Credit Support Annex) was greater than zero, an amount (as determined by the..."
- 13:2213:22, 3 October 2023 diff hist +171 Template:M intro repack application of proceeds No edit summary
- 13:2013:20, 3 October 2023 diff hist +703 Template:M intro repack application of proceeds No edit summary
- 13:1913:19, 3 October 2023 diff hist +102 N Template:M premium summary repack payments waterfall Created page with "*Rating Agencies and the “flip clause” *The Trustee Act and the Trustee’s primary responsibility" current
- 13:1713:17, 3 October 2023 diff hist −4,288 Template:M intro repack payments waterfall No edit summary current
- 13:1613:16, 3 October 2023 diff hist +90 N Template:M sa repack payments waterfall Created page with "*I’ll be gone; you’ll be gone *Application of proceeds *Enforcing security" current
- 13:1613:16, 3 October 2023 diff hist +7,140 N Template:M intro repack payments waterfall Created page with "The priority of payments waterfall in a repackaging is an important, but fundamentally dull, piece of engineering, only made interesting, somewhat, when rating agencies intervene sometimes to make life harder for dealers. The idea is to sort out all the agents and their mandatory running costs first, then “senior” creditors — typically the broker as swap counterparty, though this is where rating agencies can intervene — then getting to the Noteholders and if..."
- 13:1613:16, 3 October 2023 diff hist −7,163 Payments waterfall Replaced content with "{{essay|repack|payments waterfall|{{image|waterfall|png|A Counterparty “flipping” yesterday.}} {{image|flip 1|png|Swap counterparty performs, is in-the-money}} {{image|flip 2|png|Swap counterparty performs, is out-of-the-money}} {{image|flip 3|png|Swap counterparty defaults, is in-the-money}} {{image|flip 4|png|Swap counterparty defaults, is out-of-the-money}}}}" current Tag: Replaced
- 13:0813:08, 3 October 2023 diff hist +246 Template:M intro repack application of proceeds No edit summary
- 12:4612:46, 3 October 2023 diff hist +849 Template:M intro repack application of proceeds No edit summary
- 12:3812:38, 3 October 2023 diff hist +28 Template:M intro repack application of proceeds No edit summary
- 12:3712:37, 3 October 2023 diff hist +21 Template:M intro repack application of proceeds No edit summary
- 12:3612:36, 3 October 2023 diff hist +1,096 N Template:M intro repack application of proceeds Created page with "There comes a time in a asset-backed espievie’s life when things go ''Germknödel in der Luft''. This can happen two ways: The expected way: because some part of the security package — an underlying asset, a swap counterparty or, heaven forbid, the paying agent has failed. These are regrettable externalities of ''la vie financière'' which no-one ''wants'', exactly, but exposure to these risks, and the compensation one earns fo..."
- 12:2512:25, 3 October 2023 diff hist +41 N Application of proceeds Created page with "{{essay|repack|application of proceeds|}}" current
- 12:2312:23, 3 October 2023 diff hist +30 Enforcing security No edit summary
- 12:2112:21, 3 October 2023 diff hist +66 Template:Aisegment No edit summary
- 12:1912:19, 3 October 2023 diff hist +802 N Template:AI Negative covenant Created page with "A negative covenant is a promise made by the borrower to refrain from certain actions that could negatively affect its ability to repay the loan. These are restrictions placed on the borrower to help ensure continued creditworthiness such that the borrower can repay its loans to the lender. For example, a negative covenant might prohibit the borrower from taking on additional debt, selling certain assets, or making certain changes to the business without the lender’s..." current
- 12:1512:15, 3 October 2023 diff hist +48 N Negative covenant Created page with "{{essay|repack|negative covenant|{{aisegment}}}}" current
- 12:1112:11, 3 October 2023 diff hist +17 N Category:Repack - Premium Created page with "{{c|repackaging}}" current
- 12:0612:06, 3 October 2023 diff hist +1,973 N Template:AI Covenant to pay Created page with "A covenant to pay clause is a common feature in bond trust deeds and other security documents. In the context of a bond trust deed, if a trustee is appointed by the issuer, the undertaking of the issuer to pay interest and to repay principal will be vested in the trustee. The trustee’s role is to act as a fiduciary on behalf of bondholders in accordance with the terms of the trust deed. Common wisdom is that the covenant to pay clause legally binds the issuer to fulf..." current
- 11:5211:52, 3 October 2023 diff hist +13 Covenant to pay No edit summary current
- 11:5111:51, 3 October 2023 diff hist +530 N Template:Aisegment Created page with "'''From our machine overlords'''<br> {{small|80}}Here is what, NiGEL, our cheeky little GPT3 chatbot had to say when asked to explain: {{subtable| 80px|right {{small|90}}{{AI {{PAGENAME}}}} {{small|70}}''[[Template:AI {{PAGENAME}}|view template]]''</div><br>''Disclaimer: NiGEL’s a neural network, he drinks a lot, and he spends too much time on the internet, so if you listen to anything he..."
- 11:5011:50, 3 October 2023 diff hist −518 Template:Aai No edit summary current
- 11:2411:24, 3 October 2023 diff hist +45 Covenant to pay No edit summary
- 11:2211:22, 3 October 2023 diff hist +4 Template:M premium summary repack covenant to pay No edit summary current
- 11:2211:22, 3 October 2023 diff hist +166 N Template:M premium summary repack covenant to pay Created page with "*In some more detail, including chat about Balearic benders, about why that pro tanto discharge, however time-honoured it might seem, doesn’t appear to do anything."
- 11:2011:20, 3 October 2023 diff hist +223 Template:M intro repack covenant to pay No edit summary current
- 11:0911:09, 3 October 2023 diff hist −54 Template:M intro repack covenant to pay →Why have separate covenants to the Trustee, if they are direct covenants under the Notes?
- 11:0611:06, 3 October 2023 diff hist −2,180 Template:M intro repack covenant to pay No edit summary
- 11:0211:02, 3 October 2023 diff hist +89 N Template:M sa repack covenant to pay Created page with "*Signal versus noise *Stupid banker cases *Specialty *Limitation Act 1980"
- 11:0211:02, 3 October 2023 diff hist +8,918 N Template:M intro repack covenant to pay Created page with "You might wonder what on ''Earth'' this is all about, especially if you encounter it cast in wrought iron with that impenetrable prose that the School Matron beats into Clifford Chance trainees with her rolling pin, during their Debt Capital Markets seat. You know it is true, Clifford Chance people. {{quote|{{small|70}}The Issuer will, on any date when the Notes of any Series, or any of them, become due to be redeemed in whole or in part in accordance with these pre..."