How to pronounce“counterparties”in English

counterparties uh that had been relying on it basically could not continue so if you will think of the financial system as kind of a black box it doesn't as as

counterparties about whom you will report your stresses so if you're JP Morgan and the stress test is a 25% reduction in the price of the Euro you

counterparties, I think that that will significantly reduce some of the panic incentives that were real in the last crisis.

counterparties that I'm going to describe that's kind of the intellect content for the today's talk but the rest of it is color commentary now it's

fewer counterparties for you know risks that we have to deal with um so you

agreement counterparties that is by these short-term lenders but they haven't solved that problem yet now I'm gonna talk about derivatives

various kinds of uh senior creditors counterparties there was a huge amount of uncertainty about how they were going to be treated and and and of course when

A million contracts against different counterparties, all of them either cancel risk or magnify risk, depending.

capital market as uh your larger counterparties similarly if you focus on the very very large

relative to each of the top 10 counterparties that you face in the Euro

could be that some of my counterparties aren't doing as good a job as I am am I going to trust my counterparty's valuation of these instruments so even

the interests of both of the counterparties and so this is the recurring theme i think you're seeing this recurring theme where

clearly they did not impose a haircut on the counterparties to AIG clearly those

have shown that all of Leman Brothers major counterparties 30 of them uh

So you need markets to be able to help regulators help counterparties understand what's happening in these institutions.

losses and that incentivized other customers and other counterparties to run from other financial firms they perceived to be next in harm's way.

other customers and so on so by leaving all mass derivatives counterparties can

funneled through AIG much of it then being passed through AIG to the counterparties everybody from Goldman Sachs on down were given a 100 cents on

Is this something that's thought of when you're negotiating interest rates between counterparties and banks or institutions?

It would not impact customers or counterparties.

private or parts of them are kept private and that keeps you know other counterparties other people in the system from understanding what's going on

want that payment to be final in a short period of time and both counterparties know it's final then you would use that but if you

And whatever the reason, that group had to be able to say to their counterparties that that $37 billion was not at risk.

of scrutiny for exactly the right reasons and the question really is is was it necessary to pay the counterparties of AIG Goldman Sachs

They would like to put the derivatives on the same balance sheet, because the derivative counterparties love being ahead of depositors, because they'll never lose.

And that as Michael Peka mentioned, that is predicated on creditworthy counterparties that can sign

accounting risk management and so on now these prime brokerage clients are also a source of instability all three of these classes of counterparties to these large

about it they probably would have done a better job in retrospect should they have done something more to force a credit a haircut on the counterparties

And then all of a sudden, was impossible for them to fail, and then when they were bailed out, all their counterparties, the Citigroups of this world,

So, I know you mentioned, I think it was AIG where the counterparties, they all got paid, and then it's ultimately the taxpayers that bear the losses.

You're selling to candidates, you're selling to vendors, you're selling to counterparties, you're selling to customers.

asked earlier yes the counterparty exposures are not well known and so there is no Paik miss and that you don't really know what the counterparties are

would put him at risk and that would because he's systemically important now that would put us all at risk so that those central clearing counterparties