The National Asset Management Agency (NAMA) has today published its Quarterly Report and Accounts [The Report] for the Third Quarter2010 [1st July to 30th September 2010]. The documents were laid before each House of the Oireachtas by the Minister for Finance earlier today.
see full report here NAMAPublishesThirdQuarterReportandAccounts
comment:
It would appear that NAMA are now dealing in Derivatives
The question is where does NAMA get the expertise to deal with Derivatives?
Like this:
Like Loading...
About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
The opinions expressed are my own but I do not accept liability for them, If I have offended you or made a factual error please put on record the truth by leaving a comment.
In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.
For the record I am currently an Independent political activist and am not affiliated to any political party
The report does make reference to hedging activities. It looks (without having any additional information) that they are probably using interest rate and foreign exchange options to hedge their interest rate and FX exposure of the loans/debt so the derivatives serve as hedges against underlying exposure, at least they are not speculating/betting using derivatives (or so I hope they are not)