4 ms·
The warrants are stock options - free to be given. SVB is not paying for them. It increases their potential upside beyond the interest rate. Across a portfoli
by fraserharris 11y ago
The warrants are stock options - free to be given. SVB is not paying for them. It increases their potential upside beyond the interest rate. Across a portfolio it makes up for defaults.
- screwedup 11y agoUnless your whole portfolio is correlated...