In a conventional bankruptcy, derivatives would get priority as creditors before current and retired municipal workers.
John Thain, the group's boss, has identified derivatives as a priority, along with expansion in Asia.
Derivatives have "super-priority" status in bankruptcy, and Dodd-Frank precludes further taxpayer bailouts.
This gives repos and derivatives extraordinary super-priority over all other claims, including tax and wage claims, deposits, real secured credit and insurance claims.
Few medieval texts so effectively communicate the Neoplatonic conception of the existence of a number of planes of being that differ according to their ontological priority, the derivative and inferior ones constituting a reflection in a grosser mode of existence of those that are prior and superior.
As long as the derivatives counterparties have super-priority status, the claims of all other parties are in jeopardy.
Thus, the identification of specific markers defining breast cancer subtypes with particular sensitivity to ATRA and derivatives is likely to represent a priority in studies aimed at developing rational therapeutic approaches based on the use of these compounds.
When the international board set out its priorities, no one thought derivatives rule would be the critical one.
Under both the Dodd-Frank Act and the 2005 Bankruptcy Act, derivative claims have super-priority over all other claims, secured and unsecured, insured and uninsured.
Interestingly enough, according to the Dodd Frank Act and the 2005 Bankruptcy Act, derivative claims have super-priority over all other claims, secured and unsecured, insured and uninsured.
