GE 2005 Annual Report Download - page 132

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(132)
COUNTERPARTY CREDIT CRITERIA
Credit rating
Moody’ s S&P
Foreign exchange forwards and other derivatives less than one year P-1 A-1
All derivatives between one and five years Aa3(a) AA-(a)
All derivatives greater than five years Aaa(a) AAA(a)
(a) Counterparties that have an obligation to provide collateral to cover credit exposure in accordance with a credit support agreement must
have a minimum A3/A-rating.
EXPOSURE LIMITS
(In millions)
Minimum rating Exposure(a)
Moody’ s
S&P
With collateral
arrangements
Without
collateral
arrangements
Aaa AAA $ 100 $ 75
Aa3 AA- 50 50
A3 A- 5
–
(a) For derivatives with maturities less than one year, counterparties are permitted to have unsecured exposure up to $150 million with a
minimum rating of A-1/P-1.