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EQSAdhoc Luminis Finance Public Limited Company Key word Miscellaneous Luminis Finance Public Limited Company NOTICE OF PROPOSED AMENDMENT 20Jun2023 1848 GMTBST Disclosure of an inside information ac
EQSAdhoc Luminis Finance Public Limited Company Key word Miscellaneous Luminis Finance Public Limited Company NOTICE OF PROPOSED AMENDMENT 20Jun2023 1848 GMTBST Disclosure of an inside information ac
Introduction Driven by the Coronavirus pandemic, extreme volatility on the financial markets in early 2020 led to lenders and financial institution counterparties issuing a significantly increased number of margin calls under facilities governed by English law. Due to the rapid devaluation in the collateral held under such facilities, including margin lending facilities and ISDA-governed transactions, these margin calls typically demanded significant amounts of cash or additional collateral within a very short space of time, in order to cover a lender’s or counterparty’s exposure. As happ...