RE: Unicredit π€26 Nov 2024 15:51
Lucky..
"Oh, so it's not a new asset class then."
Nope.. never has been !!
The white rabbit that AZ promised to produce out of his hat was to have the 'monetisation' classed as a 'sale' instead of a 'loan' (basically a tax fiddle) .. but it has come to pass that, as usual , it is not always possible to put theory into practice !!
As in the words of the maestro, Paul Daniels, " You'll like this..but not a lot !!"π
GLA
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