Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 24 August 2013
Revision date: 9-Apr-2019
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https://casecent.re/p/118993
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Abstract
This is a Spanish version. This two-page case demonstrates how to unbundle the cost of credit extensions from product prices by observing the price of a credit default swap. It also explores how credit default swaps work, and how trade creditors are treated under US bankruptcy law. Finally it provides a quick overview of the bankruptcy of General Motors Corp.
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Abstract
This is a Spanish version. This two-page case demonstrates how to unbundle the cost of credit extensions from product prices by observing the price of a credit default swap. It also explores how credit default swaps work, and how trade creditors are treated under US bankruptcy law. Finally it provides a quick overview of the bankruptcy of General Motors Corp.