NAB 2.07% $36.95 national australia bank limited

nab to take 400ml hit over cdo writedowns, page-21

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    Hotdog

    At the most basic level, transactions such as FX and option contracts are classified as derivative's. NAB (and all banks) had such transactions on their books in 1999.

    A quick check of their 1999 annual report on their web site does in fact show such exposure.

    All I can suggest is that the reporting standards and format has changed before 1999 and 2008. That is, in 1999 they were shown in a different format to that what is now presented.
 
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