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Your whole 25 year professional career boiled down, yesterday.
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Index — Click the ᐅ to expand:
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The obsequious[1] fellow who comes in when all your employees are wandering around the plaza outside the office clutching Iron Mountain box full of gonks, tombstones, photos of pets, and out-of-date copies of that FT book about derivatives.
His, or her, job is to sort out all your contracts, close out the derivatives (cherry-picking your valuable in-the-money trades where possible of course!), liquidate all your assets and distribute the proceeds the line of creditors presently queuing around the block.
It sounds easy but there is a lot of devil in the detail.
Likes
Does not like
- Derivatives (in MENA jurisdictions)
See also
References
- ↑ He’s not really obsequious but it just seemed like the right word. It flowed. You know?
