回複ubcdavid的評論:
KfW 和Lehman之間簽訂的肯定是某種Swap，但是我很難想象在Lehman沒有任何支付能力的情況下KfW仍然 “obligated to pay"。破產法應該允許KfW liquidates the Swap in case Lehman goes bankrupt,不知對不對？
Lehman 即將破產的傳聞傳出去已經很長時間了，KfW應該有足夠的時間work out some arrangement to reduce their risks to a minimum. 你認為呢？
ubcdavid 發表評論於
回複TibetanYak的評論:
A swap is over the counter contract, normally it is tailored by both parties for time, so there is not really authorized contract, not like the future. There is one clearing house working in Europe, but not all the swap must be clear then.In principle, LM should pay the US$ to the Germany bank at the same time. If LM had not sent out the fund, then the Germany bank will be debtor of LM. Foreign swap is a little risky because they need to switch the principle initially. They all should have buy insurance and that money will be paid by Insurance company.
TibetanYak 發表評論於
回複ubcdavid的評論: Any authorities we can check with?
if what you said is true, i learn something new now. Thanks for the article from LZ. We all learned...
