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Template:Notification of default paradox: Difference between revisions
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Template:Notification of default paradox (view source)
Revision as of 14:33, 28 December 2023
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But this is a tree in a distant forest. You cannot hear it. No-one else is talking. You rely upon your counterparty to pass this information to you, on pain of that failure being itself an event of default. | But this is a tree in a distant forest. You cannot hear it. No-one else is talking. You rely upon your counterparty to pass this information to you, on pain of that failure being itself an event of default. | ||
Remember Bishop Berkeley. The actual information, that you are | Remember Bishop Berkeley. The actual information, that you are have exceeded a certain level of indebtedness, matters to you, but not, in the particular, to your counterparty: it is an arbitrary threshold that your credit department set for its own inscrutable reasons. | ||