QRD (1/3)

>Party : UBS
>Counterparties : Multiple, Global
>Equity sum : $162 Trillion USD GME purchased at market to be physically delivered
>GME Market Cap : ~$4.6 Billion USD
>Maturity Date : 15/12/2023
>Delivery Date (T+2) : 19/12/2023
>First counterparty amongst all global counterparties receive delivery survives their short position
>Decentivised to delay settlement as they would default the short position

Please find attached a complete list of Archegos counterparties for the short-short basket equity swap. Said swap was passed from Archegos to Credit Suisse, then passed to UBS. The 2 formers defaulted, the latter is now begging the Swiss government for a bailout the same week as maturity.

>If the swap obligation is 35,000 times the stock's current market cap and a stag hunt occurs, the consequences could be catastrophic for the global economy:

>Market Meltdown
The massive demand for a limited number of shares would trigger a short squeeze of unprecedented proportions. The stock price would skyrocket to unsustainable levels, potentially leading to a complete market meltdown.

>Financial System Collapse
The failure of UBS and other heavily involved institutions could trigger a domino effect, leading to the collapse of financial institutions and a broader financial crisis.

>Global Recession
The combined effects of market meltdown and financial crisis could lead to a global recession.

>Loss of Confidence
The crisis could erode investor confidence in the entire financial system.

>Long-Term Damage
The economic and social scars of such a crisis could last for years, requiring significant time and effort to rebuild trust and restore stability.