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In a world where nobody starved, a life style was more important than credit security.
Strong demand for the Ford Motor Credit securities allowed the company to increase the size of the issue from its initial plans.
It persists nonetheless especially in developing nations, which have few mechanisms for credit security or bankruptcy, and where fewer people hold formal title to land or possessions.
The Bank of Japan's decision was also groundbreaking because most major central banks, as custodians of national currencies, generally shun equities in favor of bonds and credit securities.
At the end of January, the I.M.F. raised its estimate of the potential losses from loans and other credit securities originated in the United States to $2.2 trillion, up from $1.4 trillion last October.
Unlike a credit default swap, which is an over the counter credit derivative, a credit default swap index is a completely standardised credit security and may therefore be more liquid and trade at a smaller bid-offer spread.
Scott Jensen, a spokesman for the American Chemistry Council, said the organization's members, which include industry giants like Dow Chemical and DuPont, welcomed the regulations, particularly if they would credit security investments already made by plant owners, which he said had cost more than $3.3 billion nationwide.
We must simply take care that there is a reasonable balance between the interest in having such credit security systems and keeping them stable, and the other interests that of course exist - those, perhaps, of creditors in insolvency cases - to which consideration must also be given, and that these interests are reconciled fairly.
CDI's profile of Kazakhstan credits security forces for "step[ing] up efforts to protect U.S. government facilities and oil facilities with U.S. private investment" and pledging to "freeze the assets of terrorists identified on the U.S. designated terrorist asset-freeze list."