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Locked in rates at 12%. If they cant shift it off to the market they will just stick it in the trading book.
by shapefrog 4y ago
Locked in rates at 12%.
If they cant shift it off to the market they will just stick it in the trading book.
- HWR_14 4y agoI mean, if they cannot shift it to the markets, it's because the markets think its not worth what they paid for it. And it's a lot of risk and capital to tie up themselves. They may have to resell some of it at, say, 14% to get some of the risk off their books.