"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Saturday, January 7, 2012

The Emperor Of The Ants

The SNB has an Excel spreadsheet laying out the key assets that are pledged as collateral to the SNB when participating in repurchasing agreements.   Some notable names on the list are:

Erste Abwickl - Germany
Erste Group Bank AG Wien - Austria
KFW Kreditanstalt für Wiederaufbau - Germany
Nestlé Holdings Inc - United States

From SNB:
In accordance with art. 9 para. 1 (e) of the National Bank Act, the Swiss National Bank (SNB) may enter into credit transactions with banks and other financial market participants on condition that sufficient collateral is provided for the loans. As a rule, open market transactions and standing facilities are carried out by means of repo transactions.

SNB Repo Collateral Claims -