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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (9466)	10/26/1998 3:43:00 PM
From: Cynic 2005	Respond to of 86076

Remember this? #reply-6069300 See some follow-up here: gold-eagle.com <<News was sparse. Finally buttonholed a Prudential spokesman about new disclaimers appearing on the Prudential Securities Consolidated Statements that was sent to us by Café member, Stephen O. The Prudential spokesman would not call me back, but when confronted, did confirm these quotes were true. "The majority of the Company's derivative transactions are short-term in duration, with approximately $67.1 Billion of notional or contract amounts maturing within one year of which approximately $64 Billion mature within three months." ".....which may impair the counterparties' ability to satisfy their obligations to the company" "...may require the Company to pledge client securities as collateral in support of various secured financing sources such as bank loans, securities loaned and..." "..these activities may expose the Company to off-balance sheet risk in the event a client is unable to fulfill its contractual obligations.">>