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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (567)	10/17/1998 7:24:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 2794

exchange2000.com any comments to this one re banker's trust and lehman? ps. if you read some of news releases re Rubin..can one read into it that he is trying to take care of the high leveraged hedge funds..the oldfashioned way..outtrading them with controlling the cards?

To: Henry Volquardsen who wrote (567)	10/18/1998 9:04:00 AM
From: Enigma	Read Replies (1) \| Respond to of 2794

Henry "In an offering memorandum you would expect to see this sort of thing relating to a contingent liability. You would also expect the same in Notes to the Financial Statements". The statement in question, however deals with a situation, a contingency, which could impact directly on the company's working capital - specifically on its receivables (recoverable within one year). This is the kind of thing presumably that has the Fed scared to death. If I were a client I'd be concerned about my securities being pledged as collateral - I'm sure it's in the fine print of all customer account agreements, and may happen as a matter of routine - but it's interesting that they have put it front and center on their statement attached to the accounts. E