翻訳と辞書
Words near each other
・ Exit (system call)
・ Exit (Tangerine Dream album)
・ Exit (U2 song)
・ Exit (video game)
・ Exit 0
・ Exit 13
・ Exit 2
・ Exit 33
・ Exit 57
・ Exit 67
・ Exit Art
・ Exit at the Axis
・ Exit Calm
・ EXIT chart
・ Exit Clov
Exit consent
・ Exit Control List
・ Exit control lock
・ Exit cost
・ Exit Dying
・ Exit Elvis
・ Exit English
・ Exit examination
・ Exit fare
・ Exit Games
・ Exit Ghost
・ Exit Glacier
・ Exit in Red
・ Exit International
・ Exit interview


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Exit consent : ウィキペディア英語版
Exit consent

Exit consent is a formal agreement that allows a majority group of creditors holding sovereign bonds to change the non-financial terms of the bonds in a way that makes the bonds effectively worthless for the minority holdouts, motivating them to accept a restructuring offer. Thus creditors willing to restructure can outmaneuver holdouts by using the supermajority voting features of existing bonds to secure changes, which reduce their value as they are tendered in exchange for restructured debt.
==Reason==
Government bond issued by sovereign nations are often perceived as safe investments. But over time, countries in difficulty economic situations have needed to restructure their debt structure, or see its national economy collapse. During that process, it must restructure the outstanding debt by offering its old bonds holders new instruments that reflect new financial terms. It is a process that sees the emergence of holdout creditors who refuse the proposed restructuring, posing a problem to the reorganization process the holdout problem. Therefore, the threat of an exit consent is used to encourage (or coerce) minority creditors to accept the exchange offer so they are not left with diminished bonds.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Exit consent」の詳細全文を読む



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