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20 September 2023
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Created page with "A currency indemnity is a part of the boilerplate that is so deeply entrenched, — that passeth so much understanding — that generations of legal eagles have just abided by it, never asking what it is or why it is there. It just ''is''. You will find them in ISDAs, loans, bonds, repacks. They are sprayed wordily over all kinds of financial instrument, comfy textual furniture to make it all seem serious and important. So if you are in a hurry, stop there: it is f..."
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