Sentences with phrase «unlikely event of a default»

Not exact matches

In the unlikely event of a counterparty default, there should be no difficulty in selling this collateral to redeem the shares of the ETF.

In our view, this is unnecessary given Canada's low default rate of circa 0.28 % and the fact that CMHC has more than enough in reserves to cover outstanding mortgages in the unlikely event of a major rise in defaults.