Hi David:
Does the issuer of the CLN need to own the reference asset.? The buyer of the protection.
How much of the note must be issued? just enough max the potential loss if the reference asset defaulted and what is the yield enhancement to the investor?
perhaps if you provide me with the logic regarding the flow will be very helpful
cheers
Rick
Does the issuer of the CLN need to own the reference asset.? The buyer of the protection.
How much of the note must be issued? just enough max the potential loss if the reference asset defaulted and what is the yield enhancement to the investor?
perhaps if you provide me with the logic regarding the flow will be very helpful
cheers
Rick
