TITLE

RSP Launches Continuous Market for Bankruptcy Claims

AUTHOR(S)
Hintze, John
PUB. DATE
June 2008
SOURCE
Securities Industry News;6/23/2008, Vol. 20 Issue 25, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the decision of Restricted Stock Partners (RSP) to purchase Trade Receivable Exchange (T-Rex), a trading platform for bankruptcy claims. Based on the article, the selling of bankruptcy claims used to involve cold-calling. According to Barry Silbert of RSP, the price of bankruptcy claims tend to have a discount of up to 20 percent. It is noted that one of the reasons why the acquisition of T-Rex will be successful is because RSP can settle transactions.
ACCESSION #
32818634

 

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