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What's more, I demanded daily collateral settlement — if positions moved in our favor, I wanted cash posted to our account the next day.
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That could add to earnings concerns ignited by the revelation that Barclays was among the beneficiaries of the Washington bailout of the American International Group last year when it received $7.9 billion for collateral settlements on some credit derivatives.
Gulf States has pledged its Lewis Creek generating plant in eastern Texas as collateral for the settlement.
While the banks hold securities from Drexel as collateral for the settlement, some were said to be concerned that the value of the collateral might not be enough to cover the risk.
Those loans are backed by collateral, and in settlement agreements the bank has typically paid pennies on the dollar of actual losses.
I'd risk analyse all the trades, which was a truly privileged position as I could see everything that went into a decision to trade or not, as well as get to see the process from trade through settlement to collateral management.
Mr. Lawsky's office added that the S.E.C. had anticipated that Mr. Falcone's settlement "may have collateral consequences under federal or state law and the rules and regulations of self-regulatory organization, licensing boards, and other regulatory organizations".
Altogether, $80,000 was loaned to the Icelandic settlers, for which the 160 acre of settlement lands per settler was used as collateral.
The rationale for the settlement policy is rooted in a doctrine called "collateral estoppel," by which a party can use the outcome in one case against the losing side in a second proceeding.
As a former top partner of the firm says, Mr. Blankfein's resignation could be the "collateral for a trade" that authorities eventually seek as a settlement — or, in extremis, to head off an indictment.
The bond's collateral is you guessed it the state's share of the tobacco settlement.
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CEO of Professional Science Editing for Scientists @ prosciediting.com