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European banks have generally been the biggest holders of the debt of Greece and other countries that are the focus of the Continent's debt crisis.
But the risk is that the central bank becomes a holder of debt that requires restructuring — as is probably the case now with Greece.
The European Central Bank, too, is a big holder of debt, and analysts said in the event of a default it might need to be recapitalized, another blow to confidence.
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Articles of Incorporation protect both board and staff from legal liabilities incurred by the organization, making the corporation the holder of debts and liabilities instead of placing responsibility with the individuals and officers who work for the organization.
Holders of debt, including many foreign central banks, are expected to receive government backing.
With the liability of shareholders and depositors now limited, the disciplinary role fell on the holders of debt.
Those least affected are holders of debt issues guaranteed by a third party.
The carrier said it was furnishing additional information, in the form of a question-and-answer tally, to guide holders of debt securities.
If Argentina is forced to pay in full, other holders of debt totalling more than $11bn are expected to demand immediate payment as well.
Those interest payments go to holders of debt ranging from grandma buying Treasury bills, to money funds, to foreigners who -- according to the Treasury department -- include China with $1.2 trillion of Treasury securities, and Japan with $1.1 trillion.
China is the biggest overseas holder of US debt and has complained about the handling of the debt ceiling battle in Washington.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com