| From Businessweek.com: Brazil’s biggest clearinghouse has recorded 120 billion reais ($67 billion) of offshore financial derivative contracts used by domestic banks, as the country tries to better supervise a market that caused losses in 2008.
Cetip SA - Balcao Organizado de Ativos e Derivativos may register 100 billion reais more of derivatives outside the country as banks and other companies seek to hedge and diversify risk, predicted Jorge Sant’Anna, a Cetip director, in a March 26 interview at Bloomberg’s headquarters in New York...................................Full Article: Source
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