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Amwelladmin (talk | contribs) (Created page with "{{g}}Credibility derivatives were once the principal means of hedging tail risk in fashion industry. They grew out of the popular pastime of taste arbitrage....") |
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{{g}}[[Credibility | {{g}}[[Credibility derivatives]] were once the principal means of [[hedging]] [[tail risk]] in fashion industry. They grew out of the popular pastime of [[taste arbitrage]]. | ||
The urban myth was that a junior salesperson at [[Wickliffe Hampton]], [[Albert Coldfall]], invented the credibility derivative when out shopping for records one sunday in 1987. | The urban myth was that a junior salesperson at [[Wickliffe Hampton]], [[Albert Coldfall]], invented the credibility derivative when out shopping for records one sunday in 1987. | ||
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It all came to a juddering halt with the in acid-wash jeans crash of 1984. Unable to trade out of positions as the market turned, and unable to fund their obligations to term as [[liquidity]] drained from the [[commercial paper]] market, many storied couturiers found themselves having to close short enormous long positions. Those who could not care successful found themselves in receipt of container loads of unsellable white denim dungarees. | It all came to a juddering halt with the in acid-wash jeans crash of 1984. Unable to trade out of positions as the market turned, and unable to fund their obligations to term as [[liquidity]] drained from the [[commercial paper]] market, many storied couturiers found themselves having to close short enormous long positions. Those who could not care successful found themselves in receipt of container loads of unsellable white denim dungarees. | ||
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