Credit Suisse went bankrupt after it was unable to close a basket bullet swap it made with Archegos as its counter party. UBS took over Credit Suisses Debts and Assets after getting a deal from the Swiss Government to Seal the financial records of Credit Suisse for 50 years. The Bullet Swaps expire December 15th as last reported. They either need to be renewed by having a counter party take on the other side of the trade or they need to be Netted and closed. To Net close requires either the selling or buying of the listed assets and exchange of cash for difference. Credit Suisse was not able to net close the Swaps, so we can assume they need to buy listed assets they don’t have and couldn’t afford to do it. If they needed to sell and had enough to sell, the Swap would of been reported closed. If UBS is not able to renew the swaps with another counter party, they will need to Net close the swaps. We don’t know what is in the swaps, only that they exist and when they expire because of required financial reporting disclosures, but many assume it contains the “MeMe” Stocks from the 2021 January stock frenzy. If UBS does not find a counter party and Net closes the Swaps and if they contain “MeMe” stocks, “MeMe” Stocks will likely rise in price. How much? Unknown, only UBS knows what is in their Swaps from Credit Suisse. In other news the ETF MEME is closing down and mostly contained “MeMe” stocks. I wonder why.

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Where's UBS after hours price? Can't find shit :/

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Can't find UBS price during ah, please help

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Can't find UBS price ah. Anyone find it?

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UBS puts for January I hope

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WTF!!!! is going on with UBS they are defaulting I’m going heavy on Puts tomorrow 

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I’m buying puts on UBS they are defaulting on their payments 

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Ban these UBS fools; they’re spamming subs with this trash

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This got posted to a bunch of boards. It's nonsense. UBS just closed $36B in AT1 like 3 weeks ago that was massively oversubscribed.

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**UBS Credit Default Swaps:** https://preview.redd.it/3b73f1lzrj2c1.png?width=679&format=png&auto=webp&s=ea12116016d9964f1f4d040daae69aead3457ad6 If UBS is having problems... someone better let the credit market know.

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