Your English writing platform
Discover LudwigExact(60)
So what is its net exposure?
Factor those in and the net exposure is zilch.
The bank had net exposure of $31 billion in its residential mortgage-related positions through June.
Previously, Deutsche Bank had said that it had no net exposure to Spanish government debt.
After all, net exposure can be reduced quite sharply by using the offsetting method.
The contracts total $80m, but the bank's net exposure is only $20m.
"Analysts estimate that the actual net exposure is meaningfully lower," the talking points read.
"The net exposure could be very small," said Andrew Collins, who covers bank stocks at U.S. Bancorp Piper Jaffray and is recommending Citigroup and J. P. Morgan.
The first was the bank's focus on traders' net exposure, the difference between the portfolios that are being arbitraged.
Yet most of those who have sold insurance also hold offsetting contracts, leaving a net exposure of just $3 billion.
Once these wash out, the net exposure to a Greek default is a more modest €3.2 billion.
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