Your English writing platform
Discover LudwigSuggestions(5)
Exact(12)
The firm has been under fire on a number of fronts, including over the handsome payout it secured from the New York Fed as a derivatives counterparty of American International Group, an insurer that almost failed in 2008.
If a bank owes money on a trade that is still open, it has to post cash or Treasury bills to the counterparty of an amount that is equal to, or even above, the amount that is owed.
It declared that it could have survived without federal assistance, and that it did not need the taxpayers' cash it received as a derivatives counterparty of AIG because its positions were hedged.
Goldman's sudden urgency to return the money stems, in part, from the uproar over A.I.G.'s bonuses last week, and the criticism of Goldman over revelations that the firm had been the largest recipient of government money as a counterparty of bets placed with A.I.G.
When the counterparty of the replacement contractor is allowed to default, there are three scenarios.
In principle, the counterparty of the replacement contract can also default.
Similar(47)
Mr. Adoboli said he had not, the prosecutor said, and the next day was asked to identify the counterparties of his trades.
One problem was an ineffective system to confirm counterparties of certain trades, while another was a weakness in internal controls to ensure that trades were accurately recorded in the bank's own books.
Another step calls for having all customers, creditors and counterparties of all nonbank affiliates and parent holding companies "sign a simple, legally binding, unambiguous disclosure acknowledging and accepting that there is no government guarantee – ever – backstopping their investment".
If foreign regulators can preserve the interests of domestic creditors and counterparties of Citigroup by winding up Citigroup subsidiaries under domestic law, won't they have very strong incentive to do so?
PricewaterhouseCoopers identified 11,500 creditors and counterparties of Lehman's European business, ranging from the coffee machine maker Nespresso and taxi companies in Milan and Zurich to Bulgari hotels and resorts and the financial news company Bloomberg.
Write better and faster with AI suggestions while staying true to your unique style.
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