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Nach dem ich nun fast zwei Wochen immer mal nur sporadisch hier reinschauen konnte und meine Infos fast ausschließlich von N-TV bekam, bin ich wirklich versucht gewesen zu glauben das alles in bester Ordnung ist. Ich weiß gar nicht was die meisten hier wollen, ist doch alles in Butter:-). Nein im Ernst, das war mal wieder 'ne gute Erfahrung (sollte man alle sechs Monate mal freiwillig machen:-)). Kaum schaue ich mal zwei Tage wieder hier rein, schon muß ich erkennen daß.......na ja, das N-TV irgendwie den Hang dazu hat, gewisse"Kleinigkeiten/Feinheiten" nicht zu erwähnen.

Apropos"Kleinigkeit", wenn schon sonst kaum noch was im Wachstum begriffen ist, die"Jetons" des Weltfinanzkasinos gedeihen weiter prächtig:



<font size=4>OCC BANK DERIVATIVES REPORT SECOND QUARTER 2003 GENERAL</font>

The OCC quarterly report on bank derivatives activities and trading revenues is based on call report information provided by U.S. commercial banks. The notional amount of derivatives in insured commercial bank portfolios increased by $4.4 trillion in the second quarter, to $65.8 trillion. Generally, changes in notional volumes are reasonable reflections of business activity but do not provide useful measures of risk. During the second quarter, the notional amount of interest rate contracts increased by $3.5 trillion, to $56.9 trillion. Foreign exchange contracts increased by $849 billion to $7.1 trillion. This figure excludes spot foreign exchange contracts, which increased by $144 billion to $609 billion. Equity, commodity and other contracts decreased by $11 billion, to $1 trillion. Credit derivatives increased by $92 billion, to $802 billion. The number of commercial banks holding derivatives increased by 42, to 530. [See Tables 1, 2, and 3, Graphs 1 and 3.]

Eighty-six percent of the notional amount of derivative positions was comprised of interest rate contracts with foreign exchange accounting for an additional 11 percent. Equity, commodity and credit derivatives accounted for only 3 percent of the total notional amount. [See Table 3 and Graph 3.]

Holdings of derivatives continue to be concentrated in the largest banks. Seven commercial banks account for almost 96 percent of the total notional amount of derivatives in the commercial banking system, with more than 99 percent held by the top 25 banks. [See Tables 3, 5 and Graph 4.]

Over-the-counter (OTC) and exchange-traded contracts comprised 88 percent and 12 percent, respectively, of the notional holdings as of the second quarter of 2003. [See Table 3.] OTC contracts tend to be more popular with banks and bank customers because they can be tailored to meet firm-specific risk management needs. However, OTC contracts expose participants to greater credit risk and tend to be less liquid than exchange-traded contracts, which are standardized and fungible.


The notional amount of short-term contracts (i.e., with remaining maturities of less than one year) increased by $165 billion to $19.1 trillion from the first quarter of 2003. Contracts with remaining maturities of one to five years grew by $2.3 trillion to $19.2 trillion, and long-term contracts (i.e., with maturities of five or more years) increased by $1.3 trillion, to $12.5 trillion. Longer term contracts present valuable customer service and revenue opportunities. They also pose greater risk management challenges, as longer tenor contracts are generally more difficult to hedge and result in greater counterparty credit risk. [See Tables 8, 9 and 10, Graphs 7, 8 and 9.]

End-user activity increased by $240 billion to $2.6 trillion in the second quarter. This increase is largely attributable to increased levels of hedging associated with mortgage banking activities during the second quarter and other balance sheet re-positioning. The slow growth in end-user activity is largely attributed to concerns with the earnings volatility, particularly on macro hedges, that result from application of SFAS 133, Accounting for Derivative Instruments and Hedging Activities.
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<ul> ~ Hieraus....</ul>