Your English writing platform
Discover LudwigExact(1)
Some lenders may have liquidated collateral securing about $5 billion of the fund's debt, it said Monday, but added that it did not receive any deficiency notices from those lenders who sold collateral to cover the borrowings.
Similar(59)
We don't sell collateral debt obligations, but we do sell cookies to help keep our schools going".
Congress has accepted the buy-and-sell charade of repos and affirmed that repo lenders can sell collateral immediately if repo borrowers go bankrupt.
Lewycka confidently bandies around opaque references to short selling, collateral debt obligations and the Fibonacci series, and if she is even half right about the goings-on inside financial organisations it appears that the epicentre of malpractice is located somewhere inside the disabled toilets.
The new deal also alters the role of the Federal Reserve, which had agreed to backstop $30 billion worth of Bear Stearns' hard-to-sell collateral, reducing JPMorgan's risk in taking over the beleaguered investment bank.
When the bubble burst, the collateral went down in value and banks either demanded more or started selling the collateral.
The lender can then sell the collateral to cover any loss.
That way, if there is a default by the borrower, the lender can sell the collateral and not have to wait to be paid.
When the Bear funds ran into trouble, their bankers tried to sell their collateral, which was mostly in the form of mortgage-backed derivatives.
When things went wrong, one of the brokers, Merrill Lynch, tried to sell its collateral but soon stopped when it transpired it was only succeeding in driving prices sharply lower.
However, the illiquidity of markets in mid-March was so severe that creditors lost confidence that they could recoup their loans by selling the collateral.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com