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Amwelladmin (talk | contribs) (Created page with "a kind of credit derivative issued by an espevie. Once rather common place, nowadays exotic. But it ''is'' an excuse to wheel out the South African CLN story. {{box| {{So...") |
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a | {{a|isda|}}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. | ||
{{ | {{quote| | ||
{{South | {{South African CLN}}}} | ||
}} | {{ref}} |