The Basle guidance has been incorporated in Federal Reserve guidance by direct reference in our recent Supervision and Regulation Letter, "Supervisory Guidance Regarding Counterparty
Credit Risk Management" (S.
Uninsured and unregistered, with securities held by the counterparty
, or its trust department or agent, but not registered in the entity's name.
NEW YORK -- Fitch Ratings reviewed documents relating to three potential amendments being executed in eight structured finance (SF) transactions and one covered bond (CB) transaction with derivative counterparty
exposures to Bank of America or Merrill Lynch and related entities.
Regardless of whether a bank is a trading counterparty
with, or a direct lender to, an HLI, it must obtain comprehensive and timely financial information about that HLI's risk profile and credit quality, and it must perform ongoing credit analysis of that HLI.
NEW YORK -- Fitch Ratings was notified of the intention to change the senior swap counterparty
(Novation Transactions) of Duke Funding X, Ltd.
The Federal Reserve, the Comptroller of the Currency, and the SEC all have carefully reviewed the practices that entities they oversee have employed to manage counterparty
risks vis-a-vis LTCM and other highly leveraged firms.
Both banks currently remain eligible to act as counterparties for 'AAAsf' rated SF transactions programs in line with Fitch's counterparty
To an important degree, the creditors of LTCM were induced to infuse capital into the firm because they tailed to stress test their counterparty
exposures adequately and therefore underestimated the size of the uncollateralized exposure that they could face in volatile and illiquid markets.
NEW YORK -- Fitch Ratings was notified of the intention to change the interest rate swap, interest rate cap, and senior swap counterparty
(Novation Transactions) of two structured finance collateralized debt obligation (CDO) transactions to Inter Europe Counseil (IEC), subsidiary of Societe Generale (SG), from Societe Generale, through its Paris Head Office (SGP).
During this meeting, we learned the broad outlines of Long-Term Capital's major positions in credit and equity markets, the difficulties they were having in trying to reduce these positions in thin market conditions, their deteriorating funding positions, and an estimate of their largest counterparty
This book is a collection of analysis of methods and practices used to manage OTC derivative counterparty
risk and their performance during the 2007-8 financial crisis.
Similarly, the extent to which market participants are vulnerable to losses from fraud or counterparty
insolvencies depends on the types of participants.