Discover and read the best of Twitter Threads about #liquidityrisks
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Two major incidents in Debt Markets & learnings from that:
1. @FTIIndia saga of #Winding up 6 #DebtSchemes
2. Delay in @KotakMF #FMPs repayments to Investors & giving time to Borrowers to repay
Disclaimer: Not justifying their actions/inactions/investments etc.
1. @FTIIndia saga of #Winding up 6 #DebtSchemes
2. Delay in @KotakMF #FMPs repayments to Investors & giving time to Borrowers to repay
Disclaimer: Not justifying their actions/inactions/investments etc.
Hugely negative reactions by Media/Investors/MFDs - vociferously blaming respective AMCs, filing Court cases, knocking on doors of the regulator and beyond
Did not make an effort to understand actions of the #AMCs which were done to protect #InvestorInterests
Did not make an effort to understand actions of the #AMCs which were done to protect #InvestorInterests
What were choices with AMCs:
1. Winding up by FT/ Delay by Kotak or,
2. Sell underlying collateral at huge discounts, pay what is recovered to #Investors & raise their hands as this is part of #CreditRisk
1. Winding up by FT/ Delay by Kotak or,
2. Sell underlying collateral at huge discounts, pay what is recovered to #Investors & raise their hands as this is part of #CreditRisk
