Does Anyone Know Total SWAPs Exposure As Potential Grexit Approaches?

As the Greek Syriza opposition party continues to lead in public opinion polls, banks and brokerage firms with SWAPs insurance exposure and currency trading issues relative to a "Grexit" are dusting off their risk management modeling, a Wall Street Journal report noted.

Grexi: Syriza party potentially triggering a derivatives default

The Syriza party has promised a “chicken in every pot” as the math of too much debt and the reality of painful austerity collide.  Most important, they are likely to request haircuts and have proposed suspending debt payments on their sovereign bonds, potentially triggering a derivatives default. ValueWalk previously reported on the Syriza party’s campaign pledges to dramatically increase spending and cut defense...