Not exact matches
For years, friendly
debt markets have allowed
issuers to push the «maturity wall» —
where tons of bonds come due simultaneously across the high - yield market.
Where digital tokens are used to create or to acknowledge a
debt or liability owed by the
issuer, they may be considered as a «debenture».
Essentially, few credit card
issuers — or any type of lender, really — will want to risk having their
debt added to an open bankruptcy,
where it may be discharged along with everything else.
where Open image in new window is the credit default swap (CDS) spread on the contemporaneously issued
debt by the
issuer with a similar tenor to the structured product.
This is much better than the old days
where issuers applied payments to the lower interest
debt first, which allowed them to charge more interest and extend the time it would take to pay.
Where the crypto tokens represent ownership or a security interest over an
issuer's assets or any property, or a
debt owed by the
issuer, they may be regarded as securities under the Securities and Futures Act.»