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CITIZEN KEEF

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CITIZEN KEEF

Re: CITIZEN KEEF post# 570

Sunday, 03/30/2008 10:26:47 AM

Sunday, March 30, 2008 10:26:47 AM

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The trigger event in an EDS is not default (equity cannot default), but a specified percentage decline in equity value from inception (70% is a popular choice).

No ambiguity about the trigger event here, unlike in a CDS.

uhm ummm.

KEEF PLAYS BOOGIE WOOGIE

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