1.   And while derivatives trades might scare some governments, it also helps them by spreading out losses when they do occur.

2.   In effect, it bought insurance by entering into additional derivatives trades.

3.   It warned there were still many institutions which continued to disclose very little about their derivatives trades and resulting risk exposure.

4.   Talking about the supervision of the derivatives trade, Duisenberg noted that oversight is relying more and more on a market-oriented approach.

5.   The transactions, though technically derivatives trades known as prepaid swaps, perfectly replicated loans.

6.   This is intended to require safeguards when banks engage in derivatives trades with unknown third parties.

7.   Pollard denied Leeson had aimed at personal enrichment with his high-stakes derivatives trades on the Tokyo stock exchange.

8.   Regulation of the industry as a whole is complicated by the nature of derivatives trades, which cross financial and national boundaries.

9.   LIFFE officials initially welcomed the development as the latest step in opening up the complex web of derivatives trades to increased scrutiny.

10.   LIFFE officials welcomed the development as the latest step in opening up the complex web of derivatives trades to increased scrutiny.