(Reuters) - The European template differs from the U.S. standard in that
it relates to a specific underlying loan rather than an
underlying borrower.
The parties to the default swap can agree that a contract
will be canceled if that loan is subsequently refinanced.
Alternatively, the contract will continue, referencing the new
loans used to refinance the original underlying obligation.
Read more at Reuters.com Bonds News
it relates to a specific underlying loan rather than an
underlying borrower.
The parties to the default swap can agree that a contract
will be canceled if that loan is subsequently refinanced.
Alternatively, the contract will continue, referencing the new
loans used to refinance the original underlying obligation.
Read more at Reuters.com Bonds News
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