- Die Superbombe - R.Deutsch, 01.02.2003, 09:47
- Die Superbombe... Reinhard Du kneifst?! - CRASH_GURU, 02.02.2003, 11:10
- Re: Die Superbombe Lighthouse no good - CRASH_GURU, 02.02.2003, 13:49
Die Superbombe... Reinhard Du kneifst?!
-->Verschwindet nun mein Geld mit meinem Konkurs?
Das ist ĂĽbrigens keine Super Bombe, Sir Alan hat uns lediglich in die neue Greenscam Galaxy gedruckt. Hat jetzt alles 3 Nullen mehr, so what?
The Bank for International Settlements puts the global over-the-counter market for derivatives at $110 trillion. The U.S. Comptroller of the Currency, the federal official in charge of tracking these markets in the United States, puts the notional value of derivatives held by U.S. commercial banks in insurance portfolios alone at around $50 trillion. That dwarfs the U.S. gross domestic product of $10.4 trillion. (Notional value is a figure that represents the amount used to determine the fees paid for the derivative. It isn’t a measure of value at risk, the Comptroller notes.)
Let’s look at just this U.S. part of the global portfolio because it has some important peculiarities, according to the Comptroller’s second quarter 2002 report. First, it’s highly concentrated in the hands of just a few banks: seven banks hold 96% of derivatives. One bank, J.P. Morgan Chase, accounts for $26 trillion of derivatives all by itself. Second, the vast majority of these derivatives -- 85%, or $43 trillion -- represent interest rate contracts; they are designed to protect against the risk of interest rate changes. And, third, 90% or so were individually tailored to meet the needs of specific clients with specific risks, and the terms are anything but simple or standard.

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