Yale gets the money; the dutch pay. The dutch would love to terminate the load and do a balloon payment, but yale (correctly) thinks that a 'live' bearer bond i

Yale gets the money; the dutch pay. The dutch would love to terminate the load and do a balloon payment, but yale (correctly) thinks that a 'live' bearer bond is more valuable in their collection, so every 20 years or so they travel with the bond to the Netherlends to collect the (at this time nominal) payments.