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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (5040)	3/14/2008 5:31:33 PM
From: Real Man	Respond to of 71426

I'd still be careful next week because of possible 100 bp. and expiration, but yep. There is a good chance of it next week as well because of huge recent liquidity DRAIN, and what such a drain will do to derivatives. New TAF is not operational until AFTER expiration. Bear sure added a lot to anxiety. The drop could be substantial.

To: Giordano Bruno who wrote (5040)	3/14/2008 10:05:19 PM
From: Real Man	Read Replies (3) \| Respond to of 71426

nowandfutures.com BSC 10K: As of November 30, 2007 and 2006, the Company had notional/contract amounts of approximately $13.40 trillion and $8.74 trillion, respectively, of derivative financial instruments, of which $1.85 trillion and $1.25 trillion, respectively, were listed futures and option contracts. The aggregate notional/contract value of derivative contracts is a reflection of the level of activity and does not represent the amounts that are recorded in the Consolidated Statements of Financial Condition. The Company's derivative financial instruments outstanding, which either are used to offset trading positions, modify the interest rate characteristics of its long- and short-term debt, or are part of its derivative dealer activities, are marked to fair value. The Company's derivatives had a notional weighted average maturity of approximately 4.2 years at November 30, 2007 and 4.1 years at November 30, 2006. The maturities of notional/contract amounts outstanding for derivative financial instruments as of November 30, 2007 were as follows: Less Than One to Three to Greater Than (in billions) One Year Three Years Five Years Five Years Total ------------------------------------------------------------------------------------------------------- Swap agreements, including options, swaptions, caps, collars and floors $ 2,624.6 $ 2,795.7 $ 2,321.5 $ 3,250.2 $ 10,992.0 Futures contracts 707.4 387.2 49.1 -- 1,143.7 Forward contracts 164.6 -- -- -- 164.6 Options held 569.8 28.8 5.2 1.4 605.2 Options written 459.7 25.0 5.0 1.5 491.2 ------------------------------------------------------------------------------------------------------- Total $ 4,526.1 $ 3,236.7 $ 2,380.8 $ 3,253.1 $ 13,396.7 ======================================================================================================= Percent of total 33.8% 24.1% 17.8% 24.3% 100.0% =======================================================================================================