SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Louis V. Lambrecht8/10/2007 12:18:20 PM
  Read Replies (2) of 33421
 
Remembering old posts:
- it takes an average of 4 weeks for derivatives trading companies to assess a (then 4 weeks old) portfolio position.
This is an average, my position is checked online, quasi real-time.
- infamous netting law the derivatives industry is eager to see installed. In case of a deficit in an account, the derivatives netting law would allow the professionals to net their accounts between each-other before assessing losses or even foreclosures.
Small accounts not invited.
How many weeks bookkeeping to add to the first 4 weeks average. ROFL.

See you in 4 to 6 weeks to assess the sub-prime problem, later if the netting law is passed in urgency.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext