|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the PVTB 10-K filed Mar 2, 2009. The
creditworthiness of other financial institutions could adversely
affect us.
Our ability to engage in routine funding transactions could be
adversely affected by the actions and commercial soundness of
other banks. Banks are interrelated as a result of lending,
clearing, counterparty and other relationships. As a result,
defaults by, or even rumors or questions about, one or more
banks, or the banking industry generally, have led to
market-wide liquidity problems and could lead to losses or
defaults by us or by other institutions. Many of the
transactions engaged in by us and our banking subsidiaries in
the ordinary course of business expose us to credit risk in the
event of default of our counterparty or customer. In such
instances, the collateral held by us may be insufficient to
mitigate our losses, as we may be unable to realize or liquidate
at prices sufficient to recover the full amount of the exposure
due us. Such losses could have a material and adverse affect on
our results of operations.
Table of Contents
The creditworthiness of other financial institutions could adversely affect us. Our ability to engage in routine funding transactions could be adversely affected by the actions and commercial soundness of other banks. Banks are interrelated as a result of lending, clearing, counterparty and other relationships. As a result, defaults by, or even rumors or questions about, one or more banks, or the banking industry generally, have led to market-wide liquidity problems and could lead to losses or defaults by us or by other institutions. Many of the transactions engaged in by us and our banking subsidiaries in the ordinary course of business expose us to credit risk in the event of default of our counterparty or customer. In such instances, the collateral held by us may be insufficient to mitigate our losses, as we may be unable to realize or liquidate at prices sufficient to recover the full amount of the exposure due us. Such losses could have a material and adverse affect on our results of operations.
Table of Contents | EXCERPTS ON THIS PAGE:
|
| |||||||
