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There are no counter parties and no derivatives used".
But as a giant asset manager, BlackRock has trading agreements that require it to maintain highly rated counter parties.
He also said that clearing houses – which guarantee trades between big financial institutions and are known as central counter parties (CCPs)– are going to be subjected to new standards.
They didn't understand who their counter parties were, what was on the other side of those transactions.
It could also pack a wallop for Wall Street firms, many of which are counter parties to the two major U.S. bond insurers.
"We're very willing to be patient with a growth cycle that might take years to become apparent to other counter parties," he said.
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The credit card executive had to go tell the counter party that the deal was off.
He negotiated what he thought was a great deal and had a handshake agreement with his counter party, only to have his bosses reject the deal.
It said it had put aside £2m to meet possible liabilities from using the failed investment bank Lehman Brothers as a counter party.
But they would have followed like dominoes because the counter party risk was so pervasive.
But you don't know who the best has been dealing with in terms of their counter party risk.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com