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RBA Glossary definition for CAC

CAC – Collective Action Clause. A clause in bond contracts that includes provisions allowing a qualified majority of lenders to amend key financial terms of the debt contract and bind a minority to accept these new terms.

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The Asian Crisis: A Retrospective

18 Jul 2007 Speech
Glenn Stevens
Speech by Glenn Stevens to the Anika Foundation Luncheon supported by Australian Business Economists and Macquarie Bank, Sydney
https://www.rba.gov.au/speeches/2007/sp-gov-180707.html