Date registered: Feb 2006
Vehicle: 1999 ML320
Mentioned: 1 Post(s)
Quoted: 310 Post(s)
Is the settlement of the trades delayed for months or is it just the reporting which is delayed ?
If it is the former, what kind of market is this ?
Is there a middleman who makes sure shit does not fly between the two parties ? Even if
there is one, as Bear said, if all parties are in an incestous relationships, does that not allow a bank to insure itself !
The notational value is multiplied by the round trips of each swap so I believe the real
underlying naked exposure is less, its just hard to figure it out.
Which is the gist of the article, I think. Thanks.