POPA ReconThere is a lot of interest in emerging market risk products these days, and BlackOpal LiquidStone II is the name of that product.
There is a lot of interest in emerging market risk products these days, and BlackOpal LiquidStone II is the name of that product. In summary 1. Products based on the Brazilian Real 2. When Brazilian people swipe their credit cards with Visa or Mastercard, 3. Credit card payment amount = money lent in the short term by Visa and Mastercard. 4. I don't like Visa and Mastercard credit card payments being overdue or non-repayable. 5. This payment amount is bonded and sold at a discount. 6. BlackOpal uses the money deposited in Grvt to purchase the discounted Brazilian credit card bonds above. 7.…
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