Clearpool @ClearpoolFin · 31 Aug 2026
The part credit investors care about: XLS-66 has optional first-loss capital that absorbs default losses before depositors. It separates impairment (a provisional mark-down) from default (formal, after a grace period), and marks down value per share rather than diluting holders. https://t.co/8b5HfwbfaX
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