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Subject: Risk Management of Financial Derivatives Q & A's
Date: May 10, 1994
To: Chief Executive Officers of National Banks, General Managers of Federal Branches and Agencies, Deputy Comptrollers, Department and Division Heads, and Examining Personnel
Description: Guidance on Risk Management Practices
On October 27, 1993, the Office of the Comptroller of the Currency (OCC) issued BC-277, Risk Management of Financial Derivatives, to provide guidance on risk management practices to institutions engaging in financial derivatives activities.
Since that time, the OCC has received numerous questions about the guidance in that circular. The attached document answers the most frequently asked questions and provides greater detail on the guidance in BC-277.
For additional information, please contact the Capital Markets Division, Office of the Chief National Bank Examiner, (202) 874-5070.
Douglas E. Harris