Exchange creditors: Difference between revisions
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In a financial restructuring, exchange creditors are the creditors who agree to the restructuring. | 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. | They usually suffer a loss on the exchange of their original debt investments for other less valuable debt. | ||
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* [[RUFO]] | * [[RUFO]] | ||
[[Category:Corporate_finance]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 14:34, 6 November 2016
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'.
