A rumble in Mumbai

- Wietske Blees
- 01 Jul 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

History is awash with examples of derivatives deals gone wrong. In some cases - the London Borough of Hammersmith & Fulham in 1989 and Orange County, California in 1994 - the counterparty took a view on the direction of the market in an attempt to generate profits, and entered into positions far exceeding its outstanding debt. In others - for instance, Cincinnati-based Procter & Gamble - the counterparty was a victim of mis-selling by an unscrupulous bank. In both cases, the entities were left

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net