Quote:
Originally Posted by teomaxxx
I read some analyst who wrote about BS counterparties, if BS was allowed to go BK , there would be around 50-60 billion loss from derivates.
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Quote:
Originally Posted by ADL Colin
Online article? Have a link?
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finally after few months I saw article, which mention it:
"Barclays Capital recently estimated that the failure of a dealer with $2 trillion in CDS contracts outstanding could potentially lead to losses of between $36 billion and $47 billion for counterparties. This underlines the potential concentration risks that are present. "
from a great article about Credit Default Swaps:
http://www.wilmott.com/blogs/satyaji...ex.cfm/General