Historically, those proprietary trading desks have served
as buyers of last resort during periods of macro-market volatility.
The Treasury agrees to serve
as a buyer of last resort for the fund's securities to ensure the orderly liquidation of the fund.
Not exact matches
Antigovernment populists who deride the Ex-Im Bank
as «corporate welfare» or «crony capitalism» so far have won in Congress, blocking reauthorization
of the agency and forcing it since June to stop acting
as lender
of last resort to the foreign
buyers of American - made products, from aircraft to car seats.
Social housing providers could act
as «
buyers of last resort» in the event
of a house price crash, Liberal Democrat treasury spokesman Vince Cable has said.
It's true that mortgage rates could increase
as the Fed continues to reduce their purchases and there is no longer a
buyer of the
last resort in the market.
The Master, Judd Tully, tries to explain the updraft in the market for Richter abstract paintings even
as Richter's dealer tries maintain the idea that Richter's market is somehow more
of an «honest» market than others that are supported by
buyers of last resort.