It is unclear how quickly the wind-up will occur. There is a...

It is unclear how quickly the wind-up will occur. There is a suggestion the Swap Leverage Provider will somehow delay the wind-up - can't see why they would do that in this hugely capital constrained environment, when they are getting full repayment!

The management fees would be a lot lover under a wind-up.

Agree with your point though - long delays dimish somewhat the appeal of a wind-up.