Those haircut-heavy credit claims [updated with more haircuts]
FT Alphaville » Austria 2013-08-01
Summary:
Update — apologies for a rather disorganised (and long) post… but we’ve finally gained information from all seven eurozone central banks who’ll accept additional credit claims under the ECB’s new rules…
Lend to an Italian small business for five years, take the loan to the Bank of Italy for ECB three-year funding… get this kind of haircut:
Continue reading: Those haircut-heavy credit claims [updated with more haircuts]