1.  It does not necessarily reflect the trading position of the company as a whole.

2.  And trading companies can use so-called prudency reserves to protect against market risks, like the inability to exit a trading position at a good price.

3.  A chief industry concern was that the report would include the recommendation that fund managers disclose specific information on trading positions and strategies.

4.  But Salomon, with its huge stockpiles of bonds and the gargantuan trading positions of its proprietary trading desks, was hit harder than its competitors.

5.  CS First Boston was accused of misrepresenting its trading positions and failing to adequately police its program trading group.

6.  Dozens of banks lent money to Enron and many more had outstanding trading positions or investments in Enron ventures.

7.  For its part, once a little daylight was let in, Long-Term was reminded why it never wanted to broadcast its trading positions or strategies.

8.  It focused on improved market surveillance, including reporting large trading positions, establishing margin payments made in cash on a daily basis and segregation of customer funds.

9.  Long-Term worried that if its trading positions or strategies became too widely known, competitors would take advantage of them.

10.  Tensions in the region have surfaced as Australia continues trying to come to grips with its strong Western heritage and its geographical and increasingly important trading position in Asia.