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Page "Credit default swap" ¶ 72
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If and Risky
If Risky Corp defaults on its debt, the investor receives a one-time payment from AAA-Bank, and the CDS contract is terminated.
If the investor actually owns Risky Corp's debt ( i. e., is owed money by Risky Corp ), a CDS can act as a hedge.
If the reference entity ( i. e., Risky Corp ) defaults, one of two kinds of settlement can occur:
If AAA-Bank and Risky Corp. default simultaneously (" double default "), the buyer loses its protection against default by the reference entity.
If AAA-Bank defaults but Risky Corp. does not, the buyer might need to replace the defaulted CDS at a higher cost.
* If Risky Corp does indeed default after, say, one year, then the hedge fund will have paid $ 500, 000 to AAA-Bank, but then receives $ 10 million ( assuming zero recovery rate, and that AAA-Bank has the liquidity to cover the loss ), thereby making a profit.
If Risky Corp's CDS spread had widened by just a couple of basis points over the course of one day, the hedge fund could have entered into an offsetting contract immediately and made a small profit over the life of the two CDS contracts.
* If Risky Corporation does not default on its bond payments, the pension fund makes quarterly payments to Derivative Bank for 5 years and receives its $ 10 million back after five years from Risky Corp.

If and Corporation
`` If you can firmly make the good knight sure to pleasure our Corporation '', Sturley wrote, `` besides that ordinary allowance for your diet you shall have 20 for recompence ''.
However, in March 1969, Robert Guinn sold all four of his magazines, including Galaxy and If, to Arnold Abramson at Universal Publishing and Distribution Corporation ( UPD ).
When asked in a 2001 Canadian Broadcasting Corporation documentary on the resurgence of the PC Party if he would ever consider running for the PC leadership, MacKay quipped, " If there's one thing I've learned in politics it's ' never say never.
If legend is to be believed the first official Bristol Channel pilot was barge master George James Ray, appointed by the Corporation of Bristol in May 1497 to pilot John Cabot's from Bristol harbour to the open sea beyond the Bristol channel.
Nikolay Sevastyanov, director of the Russian Space Corporation Energia, was reported by Pravda as saying: " If necessary, we will be able to bring home nine astronauts on board three Soyuz spacecraft in January and February of the next year ".
If legend is to be believed, the first official Bristol Channel pilot was barge master George James Ray, appointed by the Corporation of Bristol in May 1497 to pilot John Cabot's Matthew from Bristol harbour to the open sea beyond the Bristol channel.
If unable to fulfill its contractual obligations, TCF Financial Corporation must propose an alternate name subject to the approval of the university.
If " change agent " was a key term in Pifer's time, " linkage " became the byword in Hamburg's, when the Corporation increasingly used its convening powers to bring together leaders and experts across disciplinary and sectoral boundaries to forge policy consensus and promote collaboration.
If the television provider does not make the corrections that are necessary, we'll bring the case to the Complaints Board of the Broadcasting Corporation ".
In a British Broadcasting Corporation interview he said " If you tell people they're animals, they'll behave like animals ".
If a corporation meets the foregoing requirements and wishes to be taxed under Subchapter S, its shareholders may file Form 2553: " Election by a Small Business Corporation " with the Internal Revenue Service ( IRS ).
In 1916, he directed the first of his thirty-two films the most notable of which was If Winter Comes ( 1923 film ) ( 1923 ) for Fox Film Corporation that was based on the books of author A. S. M. Hutchinson.

If and defaults
If default models are biased to include arbitrary default data and " Ratings Factors are biased low compared to the true level of expected defaults, the Moody ’ s will not generate an appropriate level of average defaults in its default distribution process.
If the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it.
If the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it.
If the reference bond defaults, the protection seller pays par value of the bond to the buyer, and the buyer transfers ownership of the bond to the seller
If the reference entity defaults, the protection seller pays the buyer the par value of the bond in exchange for physical delivery of the bond, although settlement may also be by cash or auction.
If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.
If the borrower defaults, then the lender can attempt to recover costs by repossessing and reselling the car.
If the buyer defaults in paying the installments, the owner may repossess the goods, a vendor protection not available with unsecured-consumer-credit systems.
If the principal defaults and the surety turns out to be insolvent, the purpose of the bond is rendered nugatory.
If a default contains formulae with free variables, it is considered to represent the set of all defaults obtained by giving a value to all these variables.
If the contract does not specify, then there are certain customary defaults depending on law, common law ( judicial precedents ), location, and other orders or agreements, regarding who pays for which closing costs.
If it cannot, it defaults to the other navigation systems, or, if there is a high risk of collateral damage, it will steer to a pre-designated crash point instead of risking an inaccurate attack with undesired consequences.
If the " overcollateralization " turns into " undercollateralization " ( the assumptions of the default rate were inadequate ), then the CMO defaults.
If the counterparty that owes it a payment defaults, the firm will have to raise cash from other sources to make its payment.
If omitted, this defaults to the usual VMS line delimiters including carriage-return ( but not line-feed ).
If < code >< MIME-type ></ code > is omitted, it defaults to.
If the assignor agrees to continue paying rent to the lessor and subsequently defaults, the lessor can sue both the assignor under the original contract signed with the lessor as well as the assignee because by taking possession of the property interest, the assignee has obliged himself to perform duties under covenant such as the payment of rent.
If the borrower defaults, repossession and sale of the property by the lender will not raise enough cash to repay the amount outstanding, and the borrower will both have lost the property and still be in debt.
If line breaks interface defaults to busy.
If the machine lets you boot but does not want to let you into the BIOS setup, one possible recovery is to deliberately " damage " the CMOS checksum by doing direct port writes using DOS debug. exe, corrupting some bytes of the checksum-protected area of the CMOS RAM ; at the next boot, the computer typically resets its setting to factory defaults.

If and on
He said: `` If it's all right with you, Mr. Morgan, I'll sleep out here on the couch.
If she sensed any unusual preoccupation on the part of her mother, she did not comment upon it.
If he spun out now, he would join his opponent on the ground.
If it were not for an old professor who made me read the classics I would have been stymied on what to do, and now I understand why they are classics ; ;
`` If you want to see something, he's back on the other side by the trunk of the car ''.
If the man on the sidewalk is surprised at this question, it has served as an exclamation.
If `` Jack the Courtier '' is really to be taken as Swift, the following remark is obviously Steele's comment on Swift's change of parties and its effect on their friendship: `` I assure you, dear Jack, when I first found out such an Allay in you, as makes you of so malleable a Constitution, that you may be worked into any Form an Artificer pleases, I foresaw I should not enjoy your Favour much longer ''.
If his circumspection in regard to Philip's sensibilities went so far that he even refused to grant a dispensation for the marriage of Amadee's daughter, Agnes, to the son of the dauphin of Vienne -- a truly peacemaking move according to thirteenth-century ideas, for Savoy and Dauphine were as usual fighting on opposite sides -- for fear that he might seem to be favoring the anti-French coalition, he would certainly never take the far more drastic step of ordering the return of Gascony to Edward, even though, as he admitted to the English ambassadors, he had been advised that the original cession was invalid.
If it proclaims that the best is yet to be, it always arouses, at least in the young, either a suspicious question or perhaps the exclamation of the Negro youth who saw on a tombstone the inscription, `` I am not dead but sleeping ''.
If the would-be joiner asks these questions he is not likely to be duped by extremists who are seeking to capitalize on the confusions and the patriotic apprehensions of Americans in a troubled time.
If the decision goes wrong, it may be -- as Mr. Stevenson fears -- `` the first step on the slippery path downhill '' to a U.N. without operational responsibilities and without effective meaning.
If you're lyin' out in the hammock at night, and it gets kinda cool -- you know -- you just take these sides with the fringe on -- see -- and wrap 'em right over you.
If the record buyer's tastes are somewhat eclectic or even the slightest bit esoteric, he will find them satisfied on educational records.
If it will simply delay the debates until the qualifications are closed next spring, and then carry all the candidates on a tour of debates, it can provide a service to the state.
Mr. Richard Preston, executive director of the New Hampshire State Planning and Development Commission, in his remarks to the Governors Conference on Industrial Development at Providence on October 8, 1960, warned against the fallacy of attempting to attract industry solely to reduce the tax rate or to underwrite municipal services such as schools when he said: `` If this is the fundamental reason for a community's interest or if this is the basic approach, success if any will be difficult to obtain ''.
`` If the day should ever come that foreign invaders swarm ashore along the Gulf Coast '', the account reads, `` they can count on heavy opposition from a group of commando-trained telephone employees -- all girls.
If we make it established custom that whenever butchery on the highways grows excessive, say beyond 25,000 per annum, then somebody is going to hang, it follows that the more eminent the victim, the more impressive the lesson.
If it comes down too hard on the potential dangers of fallout, it will box the President on resuming atmospheric tests.
`` If William agrees, we should insist on a public debate '', he said at length.
If you want to fight, go down on the sidewalk ''.
If there is anything which we can do in the executive branch of the Government to speed up the processes by which we come to decisions on matters on which we must act promptly, that in itself would be a major contribution to the conduct of our affairs.

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