custom adjustable rate debt structure (CARDS)

Definition

A way of generating a paper loss for a high net worth individual whereby a large paper loan is made to a foreign party preceding a series of asset related swaps. The loss that is recorded by the high net worth individual will thus be equal to the loan's original value. The high net worth individual may then use the loss for the purpose of offsetting gains that they have earned.
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custody only trading Certificates for Amortizing Revolving Debts