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


To: Hal Ford who wrote (713)1/3/1999 5:38:00 AM
From: Frodo Baxter  Respond to of 2794
 
>If I understand this, the Japanese banks have 12 trillion $US exposure, a lot more than was previously thought. Is that correct?

Not really. If you got a $100,000 7% fixed mortgage and I've got a $100,000 6% adjustable, and we decide to swap payments, how much could either of us lose in this transaction?

>Also, do you have a link to this report? Thanks.

imf.org



To: Hal Ford who wrote (713)1/3/1999 6:22:00 PM
From: Zardoz  Read Replies (1) | Respond to of 2794
 
"12 trillion $US exposure, a lot more than was previously thought."

I posted the link before, but here again. $12.9 trillion, but risk is another thing. {old link}
boj.or.jp

The new data comes out in 1-2 weeks.