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Credit-linked note: Difference between revisions
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a | A [[credit-linked note]] is a securitised [[credit derivative]] usually (but not necessarily) issued by an [[espievie]] off a [[repackaging programme]]. Rather like that [[SPV|curiosity of Cayman fauna]], the [[CLN]] was once rather common place, but nowadays is rather exotic. | ||
But it ''is'' an excuse to wheel out the South African CLN story. | But it ''is'' an excuse to wheel out the South African CLN story, from the good old days. | ||
{{box| | {{box| | ||
{{South African CLN}} | {{South African CLN}} | ||
}} | }} | ||