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Headline

RJW issues call to arms for bank-fighting firms

Comment

It may not be that easy to identify a test case. There were lots of different hedging products in use and many variations. Not all I have seen were difficult to understand; long-term or otherwise booby-trapped. Lack of proper explanation and failure to advise of alternative products will be key issues . Another that is showing signs of prominence is that the financial obligations under the hedging product were not always aligned with the commercial borrowing. Pay back the debt, but still find yourself liable for the full term of the hedging product.

Posted date

17-Oct-2012

Posted time

4:55 pm

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