Exchange creditors: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, October 2014, page 22.) |
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Revision as of 11:07, 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'.
