kaal:claim:1908473-001
Contingent capital is defined as the predefined conversion of a financial institution's debt securities into equity securities upon a triggering event, and this stipulated definition governs the whole analysis.
Source quote, verbatim
Contingent capital is the predefined conversion of financial institutions' debt securities upon a triggering event into equity securities.
From
Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), I. INTRODUCTION, p. 5
https://ssrn.com/abstract=1908473 · source PDF
Cite as
Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473
Classification
definitionalsupport: assertedcontingent-capitalsystemic-risk
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