4 ms·
There is no such thing as "cash is guaranteed to come in at a future date". Counterparty risk is pretty much impossible to remove, only to trade away to another
by mpmpmpmp 6y ago
There is no such thing as "cash is guaranteed to come in at a future date". Counterparty risk is pretty much impossible to remove, only to trade away to another party.
- dalbasal 6y agoOr said another way, the model is not reality. It is a way of reasoning about reality, approximate reality, etc. Reality is not arbitrage-able without artifacts.