(Reuters) - Paulson's concern was that sellers of protection on
mortgages could buy delinquent loans underlying the contracts
to avoid triggering default payments and limit their losses.
For details, see [ID:nN07639106].
"The possibility that sellers could attempt to manipulate
these products to their economic advantage was articulated, but
the universal view was that firms are committed to the
integrity of the market and that fraud and manipulation are
unacceptable," the International Swaps and Derivatives
Association said in a release issued late Thursday.
Read more at Reuters.com Bonds News
mortgages could buy delinquent loans underlying the contracts
to avoid triggering default payments and limit their losses.
For details, see [ID:nN07639106].
"The possibility that sellers could attempt to manipulate
these products to their economic advantage was articulated, but
the universal view was that firms are committed to the
integrity of the market and that fraud and manipulation are
unacceptable," the International Swaps and Derivatives
Association said in a release issued late Thursday.
Read more at Reuters.com Bonds News
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