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Introducing Jane's LME addiction: The bookends of the Serta era

Cloud 9fin

CHAPTER

Impact of Court Rulings on Sponsor Practices

This chapter discusses a recent court decision affecting open market purchases within sponsor bond documents, revealing surprising interpretations and potential consequences for sponsor practices. It also analyzes the differing views on loan subordination and open market transactions as well as fundamental borrower rights in U.S. loans.

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