Sentence examples for event of any default from inspiring English sources
Banks were also moving higher on hopes that Europe would agree a plan to protect the sector in the event of any default by Greece.
Generally speaking, if an asset can be clearly defined, there's no reason other assets should be included as security, although lenders will often try to include wider coverage as it improves their overall security position in the event of any default.
Under the EU/IMF deal, Irish people face years of cutbacks and tax increases in return for fresh capital to shore up the banks, preserving full repayment of their senior bonds -- those first in line to be repaid in the event of any default.
In the event of any defaults in the portfolio, the losses are magnified.
This means that, in the event of a default, any firm that has sold a swap will scrabble around to buy the underlying assets, if it does not already have them so driving their prices up.
But he claimed this was because of the unusually generous rights attached to such bonds in the event of a default – and not because of any pressure brought to bear by shareholders with a vested interest.
Private bond holders have voiced fears that a big bond-buying spree by the ECB would potentially leave them suffering bigger losses in the event of any sovereign default, because the Frankfurt-based central bank has insisted in the past that it will not take a "haircut" on its bond holdings.
The EFSF will attempt leverage in two ways: by using the fund to offer financial guarantees on the first 20 or 30% of any new Spanish or Italian bonds in the event of a default.
That way, any customers who want to stockpile cash reserves in the event of a default can readily withdraw their money.
"In the event of a default, the US economy could be plunged into a recession worse than any seen since the great depression".
