Hedge Fund Operations: Hearing Before the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Fifth Congress, Second Session, October 1, 1998, Volume 4U.S. Government Printing Office, 1999 - 328 páginas |
Outras edições - Ver tudo
Palavras e frases frequentes
activities appropriate arbitrage assets bailout BAKER billion broker-dealers CFTC Chairman LEACH collateral Commission Commission's Committee commodity pool Concept Release concern CONGRESS THE LIBRARY counterparties creditors dealers derivatives transactions disclosure economy entities equity exemption exposure Federal Reserve financial institutions financial markets financial system fire sale firms futures exchanges global going Government hedge funds HINCHEY hybrid instruments interest rates investment investors involved issue J.P. Morgan judgment LAFALCE lenders lending leverage LINDSEY liquidation loans Long-Term Capital Management Long-Term Capital's losses LTCM LTCM's margin requirements marked to market market participants MCDONOUGH moral hazard operations options OTC derivatives market over-the-counter derivatives oversight percent portfolio positions potential problems question registered regulation regulatory reporting rescue risk management ROUKEMA Rule securities sophisticated speculation standards statement strategies swap systemic risk Term Capital Thank tions too-big-to-fail Treasury trillion
Passagens conhecidas
Página 222 - commodity pool operator' shall mean any person engaged in a business which is of the nature of an investment trust, syndicate, or similar form of enterprise, and who, in connection therewith, solicits, accepts, or receives from others, funds, securities, or property, either directly or through capital contributions, the sale of stock or other forms of securities, or otherwise, for the purpose of trading in any commodity for future delivery on or subject to the rules of any contract market...
Página 208 - OTC derivatives are contracta executed oulalde of the regulated exchange environment whose valuet depends on (or derives from) the value of an underlying asset, reference rate, or Index.
Página 231 - CFTC; (2) provide a quarterly statement indicating the net asset value of the pool as of the end of the reporting period and the change in net asset value from the end of the previous reporting period...
Página 124 - Board (FASB) is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors and users of financial information.
Página 187 - ... creditworthiness of any party having an actual or potential obligation under the swap agreement would be a material consideration in entering into or determining the terms of the swap agreement, including pricing, cost, or credit enhancement terms of the swap agreement; and (d) The swap agreement is not entered into and traded on or through a multilateral transaction execution facility...
Página 206 - I would be happy to answer any questions that the members of the committee might have.
Página 19 - There was a likelihood that a number of credit and interest rate markets would experience extreme price moves and possibly cease to function for a period of one or more days and maybe longer.
Página 209 - Director, Division of Trading and Markets, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW., Washington, DC 20581.
Página 70 - You would have that advisory credit council composed of the Secretary of the Treasury, the Chairman of the Federal Reserve Board...
Página 236 - Such person shall also keep books and records of transactions coming within the provisions of (1) and (2) hereof, which books and records shall show complete details concerning all such transactions, including the names and addresses of all persons having any interest therein, and shall be open at all times to inspection by any representative of the United States Department of Agriculture or the United States Department of Justice.