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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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Box B: The Greek Private Sector Debt Swap

3 May 2012 SMP - May 2012 PDF 454KB
https://www.rba.gov.au/publications/smp/2012/may/pdf/box-b.pdf

Statement on Monetary Policy - May 2012

4 May 2012 SMP - May 2012 PDF 2261KB
https://www.rba.gov.au/publications/smp/2012/may/pdf/0512.pdf