3 ms·
Nope - haircuts are calculated relative to current asset values. For example, when discussing the haircut on a 100m greek bond that's currently trading for 60m
by derriz 11y ago
Nope - haircuts are calculated relative to current asset values.
For example, when discussing the haircut on a 100m greek bond that's currently trading for 60m, giving the holder 60m for it does not constitute a 40% haircut.