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Section 912 of the pending legislation creates a safe harbor from bankruptcy for certain borrowing transactions that are recast as sales and structured in a securitized SPV (see full coverage of the issue under "What´s New"). In your opinion, this provision would:
 
appropriately increase legal certainty in the event of a bankruptcy for legitimate asset securitizations (138)
25.7%
lead to sham and/or secret transactions that inappropriately shield assets from other creditors (260)
48.42%
don't know/no opinion (139)
25.88%

Total of votes: 537

 

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