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10 May 2023
9 May 2023
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Created page with "{{A|cdd|}}In the primordial times of {{cderiv}} — the Children of the Forest, the First Men and so on — wise people from JP Morgan and {{icds}} worried that a credit derivative might be able to be characterised as an insurance contract. Bad for many reasons, not least of which that offering insurance is regulated business, requiring compliance with capital rules and so on. The First Men did what prudent pioneers of financial products do,..."
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