Dexia’s collateral-crunching guarantee
FT Alphaville » luxembourg 2013-08-01
Summary:
It is an irrevocable, unconditional, direct, autonomous and first demand guarantee. The guarantee is joint but not several, and the allocation between the States (respectively 60.5, 36.5 and 3% for Belgium, France and Luxembourg) remains the same. The guarantee covers financial contracts and securities…
Yep. Dexia.
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