Lesson one - the safety harness: Since the Barings crisis, investment banks are even keener to ensure their medium-term liquidity. Bond issues are only one survival tactic. Smart firms are repackaging bits of their trading portfolio as collateral. The question is, who will accept the stuff?
|Year of publication:||
Euromoney. - London : Euromoney Publ, ISSN 0014-2433, ZDB-ID 1902325. - 1995, p. 34-35