Defaulter pays
A loss-sharing arrangement where each participant is required to collateralise any exposures it creates for other participants. As a result, losses from a party’s default are borne by the defaulting party.
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Defaulter pays
A loss-sharing arrangement where each participant is required to collateralise any exposures it creates for other participants. As a result, losses from a party’s default are borne by the defaulting party. |
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