Noel Edmonds

Nothing to do with close-out netting.

A little known fact is that Noel Edmonds, that doyen of british children’s entertainment in the Seventies, was a pioneering derivatives practitioner, although it is obvious when you think about it.

He had a TV show called Noel Edmonds’ Multi-Coloured Swap Shop, a key segment of which was an interactive discussion with a panel of eleven year-olds about the relative merits in a stressed market of Market Quotation and Close-out Amount.

See also

• Cheggers plays CDO²
• Blue Peter’s guide to electronic give-ups
• Play School through the arched window: title transfer collateral arrangements