Wednesday, July 29, 2009

Big numbers

Fitch: Financial Companies Hold 99.7% Of All Derivative Contracts

The companies in question (Total Notional Derivatives: Assets & Liabilities, $ in Trillions) * JP Morgan:$81.7; * Bank of America:$80.0; * Citigroup:$31.5; * Morgan Stanley:$39.3, and of course * Goldman Sachs: $47.8 (this is an OCC estimate: Goldman has not disclosed notional amounts in their derivative book, only # of contracts)

Posted by devo @ 10:25 AM (860 views)
Please complete the required fields.



2 thoughts on “Big numbers

  • Devo, I know you want me to.

    The key findings are pretty much as one would expect.
    I would be worried if the vast majority of notional was not concentrated with the major dealers, wouldn’t you?!

    Reply
    Please complete the required fields.



  • The report from Fitch states:
    “””
    In the table on page 3 [ that is the second table in the Zero Hedge post, ‘Aggregate Notional and Fair Value of Derivatives’ ], the aggregate total net derivative shows a positive of $241 billion. On a global basis, from an economic standpoint, one would expect long and short positions to net to zero. While our sample represents a large proportion of the U.S. public company universe, it excludes other participants in the derivatives market, including municipalities, hedge funds and non-U.S. counterparties. This factor,
    along with valuation differences, could account for the positive net number shown.
    “””

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>