Exchange creditors: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, October 2014, page 22.) |
imported>Doug Williamson m (Link with new RUFO page.) |
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* [[Restructuring]] | * [[Restructuring]] | ||
* [[Holdout creditors]] | * [[Holdout creditors]] | ||
* [[RUFO]] | |||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Corporate_finance]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Manage_risks]] | ||
[[Category: | [[Category:Risk_frameworks]] | ||
Revision as of 11:18, 6 October 2014
In a financial restructuring, exchange creditors are the creditors who agree to the restructuring.
They usually suffer a loss on the exchange of their original debt investments for other less valuable debt.
This loss is sometimes known as a 'haircut'.
