KopenTech in the Press
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SEC issues interpretive letter on proposed Applicable Margin Reset mechanism
September 07, 2016
The staff of the Division of Corporate Finance of the U.S. Securities and Exchange Commission issued an interpretive letter to Sancus Capital Management LP and its affiliates in response to a letter from Dechert LLP on behalf of Sancus Capital on September 1, 2016.
SEC no-action letter
September 01, 2016
The SEC releases a no action letter allowing Applicable Margin Reset transactions to take place in the CLO market.