6 ms·
Bond territory is wild lands -- they all have their own legal terms, and are only kind of standard. Some dude gave a talk at Yale's Fincancial Markets course ab
by jldugger 4y ago
Bond territory is wild lands -- they all have their own legal terms, and are only kind of standard. Some dude gave a talk at Yale's Fincancial Markets course about how he would pour over bonds looking for ones with accelleration clauses, and then find reasons to demand accelleration, with a key example being the options backdating scandal[1] that hit many bay area execs including Steve Jobs.
Also: apparently Russia quietly removed some key language about sovereignty into its bonds in 2018[2] _for some reason_.
[1]: https://a16z.com/2014/02/06/why-i-did-not-go-to-jail/ https://a16z.com/2014/02/06/why-i-did-not-go-to-jail/
[2]: https://virginialawreview.org/articles/a-silver-lining-to-russias-sanctions-busting-clause/ https://virginialawreview.org/articles/a-silver-lining-to-ru...
- s1artibartfast 4y agoFascinating read regarding the Russian APC clause, thanks.