Monday, September 15, 2008

If you show me yours, I’ll show you mine

Derivatives session to reduce risk from Lehman bankruptcy

The International Swaps and Derivatives Association Sunday said it had organized a "netting trading session" to reduce risk from a potential Lehman Brothers bankruptcy. The session began at 2 p.m. Sunday and was slated to run until 4 p.m., New York time. All trades are contingent upon a bankruptcy filing at or before 11:59 p.m. Sunday, the association said in a statement on its Website. If there is no bankruptcy filing by then, the trades will cease to exist.

Posted by gardeniadotnet @ 01:26 AM (416 views)
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