Jetzt wirds endlich interessant: Bear Stearns ist eine große Gegenpartei bei den Credit Derivatives (mT)

DT , Freitag, 14.03.2008, 17:28 (vor 6533 Tagen)

Und jetzt kommen wir dahin, wo wir sein wollten, um die Kernschmelze zu beschleunigen: eine Gegenpartei bei den ach so sich weghebenden Credit Derivatives fällt aus.

Denkt daran, der Markt ist mehrere 100 Billionen USD schwer, und schon wenige Prozent failure summieren sich auf einige 1000 Milliarden.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2IxAQbg2cUM

`A Horror', if BSC defaults

`A Horror'

``Bear Stearns is a big counterparty in the credit derivatives universe,'' said Jochen Felsenheimer, head of credit strategy at UniCredit SpA in Munich. ``If it were to default, definitely that situation is a horror. There would be huge distortions in the market. That is why the monetary authorities are trying to avoid any failure of banks.''

Barclays Capital analysts last month estimated that if a financial institution that had $2 trillion in credit-default swap trades outstanding were to fail, it may spark between $36 billion and $47 billion in losses for those that traded with the firm. That doesn't include ``large, potentially concentrated'' market value losses others would face, the analysts, led by Arup Ghosh in London, wrote on Feb. 20.

http://search.bloomberg.com/search?q=Jochen+Felsenheimer&site=wnews&client=wnew...