Re-ordering is required to clarify the treatment of the main forms of credit derivatives, distinguishing between the capital charge applied to the protection seller and that applied to the protection buyer, as well as between single name and multiple name credit linked notes.
Re-ordering is required to clarify the treatment of the main forms of credit derivatives, distinguishing between the capital charge applied to the protection seller and that applied to the protection buyer, as well as between single name and multiple name credit linked notes.