As seen in this
, the US Securities and Exchange Commission (SEC) is
currently contemplating new rules for disclosure around the offering of
asset-backed securities. The proposal, a monster PDF
, reads: "We are proposing to require the filing of a
computer program (the 'waterfall computer program,' as defined in the
proposed rule) of the contractual cash flow provisions of the securities in
the form of downloadable source code in Python, a commonly used computer
programming language that is open source and interpretive.
are all kinds of interesting implications, including effects on the
language, security, and more.
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