collateral

As it happened, Deutsche Bank had broken off relations with Mike Burry back in June, after Burry had been, in Deutsche Bank’s view, overly aggressive in his demands for collateral.

“With private credit, you have a market where you don’t know how transactions are made or with what types of collateral,” Ahmed said in an interview.

Also, they are in tight supply in the special collateral repo market, the senior Japan rates strategist says.

Already, he had taken a $600,000 loan, using as collateral a signed Michael Jordan jersey the basketball great wore when he played on the U.S.

Mr. Wertman writes that when lenders demand “unanimous consent on subordination, it’s a signal that confidence in collateral integrity is faltering.”