The corporation enters into trading derivatives to


The following excerpt if from the notes to the financial statements in the 2009 Annual Report of Bank of America (p. 147):

The Corporation enters into trading derivatives to facilitate client transactions for proprietary trading purposes, and to manage risk exposures arising from trading assets and liabilities.

a. What is meant by "proprietary trading"?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: The corporation enters into trading derivatives to
Reference No:- TGS01691687

Expected delivery within 24 Hours