# kaal:claim:1908473-009

**Claim.** The volume of contingent capital issuance should be large enough that conversion produces sufficient dilution, and the trigger timeframe should be roughly ninety days.

**Type.** design  **Support.** asserted

**Holds when.**

- Stated as a probable rather than settled design choice

**Source quote.**

> The volume of CCS issuance should probably be large enough to result in sufficient dilution upon conversion,47 and the timeframe for the trigger should probably be around ninety days.

**From.** Wulf A. Kaal, Christoph Henkel, *Contingent Capital with Sequential Triggers* (2011), I. INTRODUCTION, page 13

**Cite as.** Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

**Verify.** sha256 of source PDF `9d578dac663357529edd1f6453fcfe69bdc59ac882408d9edfde5a4c2916befa` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Henkel%20-%202011%20-%20Contingent%20Capital%20with%20Sequential%20Triggers.pdf

**Topics.** contingent-capital

**Keywords.** issuance-volume, dilution, trigger-design, contingent-capital

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/2097160-012
- extended_by: https://wulfkaal.github.io/claims/2097160-004

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