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THE DEVELOPMENT OF CONTINGENT ASSETS. The Risks of Overexposure. Reasons for Growth. CONTINGENT ASSETS DERIVED FROM TRADITIONAL INSTRUMENTS. Standby Letters of Credit. Risk Participations. THE RISE OF NEW PRODUCTS. Swap Transactions. Futures and Options. Equity-Linked Issues. CONTINGENCIES AND THE EUROMARKETS. The Eurocurrency Market. The Eurobond Market. The Euronote Market. ADDRESSING THE RISKS. Proposals for Control and Regulation. Final Conclusions and Recommendations. Index.