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| Author: | McCarthy, E. |
| Title: | Derivatives revisited |
| Journal: | Journal of Accountancy
2000 : MAY, VOL. 189:5, p. 35-44 |
| Index terms: | ACCOUNTING DERIVATIVE SECURITIES FINANCE |
| Language: | eng |
| Abstract: | Derivatives debackles have provided some of the past decade's most devastating financial headlines. Names such as Long Term Capital Management, Orange Country and Baring Brothers bring to mind situations where derivatives failed -- often miserably. Several losses were enormous -- an estimated $2 billion for Orange Country and $4 billion for Long Term Capital. Other incidents resulted in highly publicized lawsuits between derivatives buyers and sellers, such as Procter & Gamble's lengthy dispute with Bankers Trust. |
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