Can someone elaborate on the following text below: I understand how recovery would be generated at couterparty's position but not sure I'm comfortable with the term globally? so are we looking at the average of a conglomeration of positions to get a pre-transaction value for recovery or 1-LDG...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.