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


To: Cynic 2005 who wrote (15732)5/15/1998 9:12:00 AM
From: yard_man  Respond to of 18056
 
I guess you're right. Lot of money to you an me, but not squat to the big banks.



To: Cynic 2005 who wrote (15732)5/15/1998 9:19:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 18056
 
Would not CCI's exposure (credit cards) go down as the Rupiah dives? I would presume that a large portion of these are for local transactions and denominated in Rupiah. Furthermore, once the dust settle, these 1,000,000 card holders will want to resume using their cards, and unless they are broke, will settle their accounts. I doubt the exposure is as high as 80% on that segment. Commercial debt is another story.

Zeev



To: Cynic 2005 who wrote (15732)5/16/1998 12:04:00 AM
From: Stitch  Respond to of 18056
 
Mohan,
<<Tip, I doubt if the borrowing against 1 mil cards is any significant at all. I think it will probably make a scratch on their earnings.>>

The poster went on to find something that said Citibank's total exposure in Indonesia was roughly $600 million.

Best, Stitch