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Exact(16)
Financial intermediaries routinely require extra collateral when firms run into trouble.
The firms had to post various securities as collateral when they borrowed, and some of those securities were risky indeed.
Lower credit ratings can lead to banks having to pay more or post additional collateral when raising funds.
The European Central Bank also holds Greek debt, which it accepts as collateral when lending to euro area banks.
As was the case with A.I.G., Dexia must provide the collateral when the prices of the underlying securities fall, even if they have not defaulted.
By law it can accept only government debt or its closest equivalents as collateral when it supplies cash to the money markets.
Similar(44)
But there was more collateral damage when Bridge slammed the door on his international career.
Four plays later, Young sprained his left medial collateral ligament when Jaguars linebacker Daryl Smith slammed into his knee.
You kill more people than you meant to, because you make a mistake or even, once you accept the notion of collateral damage, when you don't.
If Israel kills a dozen kids as collateral damage when they try to kill a murderer who hides among children, then this is a war crime".
The actions of Mohamed Nasheed are therefore aimed at stimulating action by the west in the hope his country can reap some collateral benefit when a programme for dealing effectively with climate change is eventually hammered out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com