Posted on 16/11/07
Discounts on frozen debt vary widely
Two major financial institutions have taken big writedowns on their troubled commercial paper, setting widely different discounts on the securities.As more holders of third-party, asset-backed commercial paper take accounting charges to cut the value of the paper on their books, a range of roughly 8 per cent to 15 per cent appears to be emerging as a typical level by which to discount it.
The full text of this article has 540 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
