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A comment on Credit Suisse Takes $4.7B Hit on Archegos Meltdown. Parent comment

Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by incrudible on Tuesday April 06, 2021 @10:44AM (#26712377)
It was not a loan, it was a total return swap on leveraged CFDs. CS took the market risk for a fee, picking up pennies in front of a steamroller.
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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by lordnacho on Tuesday April 06, 2021 @10:46AM (#26712410)
Principle is the same. There's still some kind of margin maintenance with swaps (I traded swaps too). Plus as the PB you can ask for sensible terms.
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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by sschueller on Tuesday April 06, 2021 @10:46AM (#26712415)
Well they seem to be getting run over by a steamroller every other week. Greensill is already yesterdays news...
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