He said: "Our advice is if you're using a cable drum make sure it's
unwound -especially with Christmas coming.
To be sure, investors wiped out in a fire sale will clearly be less risk prone than if their mistakes were
unwound in a more orderly fashion.
When the yarn is being
unwound from a cylindrical package, the angular velocity of the yarn forming the balloon depends on three parameters: the package radius, the unwinding velocity, and the winding angle.
The yarn in the layer which is being
unwound has a winding angle [phi] (Figures 2 and 3).
Under this arrangement, CHIPS participants can be assured that the system would settle in the event of the failure of a large participant and that individual transactions processed through the system would not have to be
unwound. Other payment or clearing systems have similar netting and settlement arrangements.
Indeed, the WSJ had an extensive report that the Fed is debating just how fast to unwind it and what composition to leave in place once it's
unwound -- whether more T-bills left (more flexibility) or more longer Treasuries (keeps long yields down).
When the yam is being
unwound from a cylindrical package, the angular velocity of the yam forming the balloon depends on three parameters: the package radius, the unwinding velocity, and the winding angle.
They allow construction of packages that can be
unwound at higher unwinding speeds.