Derivatives · glossary
In a secured deal, the papers that set what the borrower may hedge and rank the hedging bank among the creditors, usually equal with the loan. Atlas's loan was unsecured, so neither exists here. When you see that shape on a deal, escalate. Chapter 13
Explained in Chapter 13, How the Loan Reads the Swap, of Derivatives.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Derivatives and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Derivatives → · All terms A–Z →