Within the new structure, investors specify at the outset their choice of collateralising assets and a timeline for any liquidation. Less liquid assets will attract a longer time for the unraveling than those that are more liquid - the bank is not looking to making illiquid assets more liquid and vice versa. After an initial 10-day period that applies in all cases, the time period starts at days and can be months. "We insulate the assets within the compartment (each issue is launched from its ow
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