Lehman opts to settle over Dante flip-clause transactions

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The Lehman Brothers Holding Inc (LBHI) administration has decided to reach an out-of-court settlement with Australian investment services group Perpetual Trustee over disputed collateral in a series of credit-linked notes issued by Saphir Finance - a special-purpose vehicle (SPV) established by Lehman Brothers International (Europe) in 2002.

A joint motion, filed on November 17 in the US Bankruptcy Court for the Southern District of New York by Lehman Brothers Special Financing (LBSF) - the swap

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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