Ahaircutis a term referring to price spreads and the market value of assets. Almost all assets have a spread between the buy and sell price and this is one of the meanings of haircut.
这个术语的其他意义的发型是多少an asset is reduced in value for calculating collateral levels. This is used as a buffer because there is a risk that the collateral behind an asset will devalue in the market, and the haircut is meant to take this into account.
For example, if a bond is issued at par (100) and then at maturity investors only receive 90 back, they will have taken a haircut of 10.
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