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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (12408)	12/27/1997 9:58:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 18056

Investor 2. I am afraid I have misled by quoting from memory. The actual situation was that the financial institutions marked their book to the period's end value of their holding in the market (they apparently call it "mark to book" we call it "mark to market"). Now that the market is declining, they apparently can select to value these holding either at the market or to what it is carried on the books (what they paid for). I am not sure if they have to handle a full portofolio in one manner or the other or they can select which investment to value according to market and which according to acquisition costs. In any event, it is not to the "book value" of the companies they hold shares in. At least this is my "current understanding" of the situation. Things do get distorted in the translation from Japanese to English. I am going to ask a "cyberfriend" fluent in Japanese to look into this for us. Zeev