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Finmar Rep Chengfin PDF
Finmar Rep Chengfin PDF
ACTIVITIES
CHAPTER 17
OFF BALANCE SHEET
ACTIVITIES
Bank sells: receive periodic coupon payments for the term of the
swap agreement, benefit when there is no default because they are
not required to make any payments
When there are defaults on the debt security, the sellers must
make payments to cover the damages
Subsidaries
IMPACT OF THE EURO ON
GLOBAL COMPETITION
The use of a single currency in a number of European
countries simplifies transactions