walkitout (walkitout) wrote,

Auction Rates, Still More: UBS settles, and an answer

If you're wondering whether it is a million in ARS or a million in assets under management with UBS that determines whether you get your money back starting October 31 or January 1, the answer is, a million in assets.

But the loan is available in September, altho it may involve setting up yet-another-account with unknown fees. So if you are proposing something clever (like, borrow the par value and stick it in something that generates interest), you'll have to check the details when they become available.
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