Deleveraging After Lehman : Evidence From Reduced Rehypothecation

Evidence From Reduced Rehypothecation

Deleveraging After Lehman : Evidence From Reduced Rehypothecation
Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used again as collateral by that prime broker for its own funding. In the United Kingdom, such use of a customer's assets by a prime broker can be for an unlimited amount of the customer's assets. And moreover, there are no customer... READ MORE...

Publication date: March 2009
ISBN 9781451871906
$18.00

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