|
PureBytes Links
Trading Reference Links
|
Very interesting report from Office of Controller of Currency Bank
Derivatives Report. The entire 23 page report complete with tables can be
found at http://www.occ.treas.gov/ftp/deriv/dq101.pdf. The tables show
tremendous concentration of derivative leverage, holdings, and risk among 7
banks. Needless to say, with the entire global financial system under
stress, there is significant risk that hedged derivative positions will
become unhedged.
One paragraph stands out: "During the first quarter of 2001 banks charged
off $2 million due to credit losses from derivatives, or .0004 percent of
the total credit exposure from derivative contracts. For comparison
purposes, net loan charge-offs relative to total loans for the quarter were
.18 percent." $2 million out of $43.9 trillion!!!
Earl
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Speak up and rate leading financial Web sites
Get a $10 AMAZON.COM Gift Certificate
http://us.click.yahoo.com/mJ2ldA/Cd6CAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|