One Year Ago In Derivatives Week

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One Year Ago In Derivatives Week

A proportion of Lehman Brothers-linked mini-bonds could have been saved from unwinding and saddling investors with big losses if the banks had stepped in to replace Lehman as swap counterparty. [The Securities and Futures Commission and the Hong Kong Monetary Authority struck a deal in July with major banks for the lenders to buy back Lehman mini-bonds from retail investors.]

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