Anyone care to comment on how real and imminent this threat may be?
“Every day, trillions of dollars are borrowed and lent in various currencies. Many deals take place in the cash market, through loans and securities. But foreign exchange (FX) derivatives, mainly FX swaps, currency swaps and the closely related forwards, also create debt-like obligations. For the US dollar alone, contracts worth tens of trillions of dollars stand open and trillions change hands daily. And yet one cannot find these amounts on balance sheets. This debt is, in effect, missing.”
Submitted September 30, 2017 at 05:04PM by KelVarnsen324 http://ift.tt/2xSkx2f
