Originally Posted by
RedSun
You are the one has been arguing it again and again.
If Citi does have net loss from paying out the 2% CB, it would certainly rather lose on the $20,000, not on the $100,000 for the month.
If Citi had a net loss from paying out 2% CB it wouldn’t pay out 2% CB. As stated in other areas of this thread, this is all about risk - and cycling CL puts you at higher risk.