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Synthetic prime brokerage and the risk of tax recharacterisation: Difference between revisions
Synthetic prime brokerage and the risk of tax recharacterisation (view source)
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{{a| | {{a|spb|[[File:Dramatic Look Gopher.gif|thumb|center|450px|DID SOMEONE SAY [[recharacterisation|RECHARACTERISATION]]??]]}} | ||
Controversial view, perhaps, but the tax disposition which led to someone inventing the “[[hypothetical broker dealer]]” — a creature as beloved of the [[equity swap]] market as the [[reasonable man]] is of the [[common law]] — is, in [[this commentator]]’s view, predicated on a fundamental misapprehension as to how a [[synthetic equity swap]], and the [[hedging]] and financing behind it, works. | Controversial view, perhaps, but the tax disposition which led to someone inventing the “[[hypothetical broker dealer]]” — a creature as beloved of the [[equity swap]] market as the [[reasonable man]] is of the [[common law]] — is, in [[this commentator]]’s view, predicated on a fundamental misapprehension as to how a [[synthetic equity swap]], and the [[hedging]] and financing behind it, works. | ||