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Generali's 12 Days of Xmas Question 12

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Comments

  • michaels
    michaels Posts: 29,243 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Generali wrote: »
    It is but it's quite fun. The risk is in the P&L: the liability one bank has to another.



    I've not bothered to work out the number yet but it is going to be massive I suspect.

    Don't worry I'm sure AIG are carrying all the black swan risk so the us govt will only need to bail them out to keep all the banks afloat.
    I think....
  • Yorkie1
    Yorkie1 Posts: 12,258 Forumite
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    Sticking to my previous approach, the answer has to be 42 :D
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
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    Generali wrote: »
    I hadn't thought about it too closely before posing the question. I just happened to hear the outstanding notional figure the other week as it has just passed a milestone of sorts. I think you're going to be within reach of the answer.

    One quadrillion dollars? But Dr Evil, this is 2014 that sort of money doesn't even exist yet!!
  • Generali
    Generali Posts: 36,411 Forumite
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    chewmylegoff wrote: »
    One quadrillion dollars? But Dr Evil, this is 2014 that sort of money doesn't even exist yet!!

    Yup, the outstanding notional value of derivatives is a quadrillion dollars or $1,000,000,000,000,000 and that is about 14x GWP or the GDP of the world.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Yorkie1 wrote: »
    Sticking to my previous approach, the answer has to be 42 :D

    Funnily enough I think you might be close again!
  • purch
    purch Posts: 9,865 Forumite
    Generali wrote: »
    Yup, the outstanding notional value of derivatives is a quadrillion dollars or $1,000,000,000,000,000 and that is about 14x GWP or the GDP of the world.


    And that's just the ones we know about :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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