And the doomsday of fiscal crises, a potential default on the Federal debt, was but six weeks away.

Some doubts have been recently raised given the poor performance of Blue City bonds and the potential default.

Until that time, it has been required to keep $200 million in escrow to cover potential defaults on its mortgage.

Shinsei had already set aside 103 billion yen in reserves against a potential default on the loans.

But the economists suggest that it would be prudent to set aside $400 million a year to cover potential Soviet defaults.

They would keep their claim on the sites and avoid a potential default.

Currently, most derivatives are private agreements between two parties, subjecting each to the potential default of the other.

Making matters more difficult is a looming Senate vote on increasing the federal government's borrowing power to avoid a potential default.

The entire budget stood guarantee in full for any potential defaults.

And it said it had obtained a waiver on its $300 million bank credit line to cover a potential default because of the anticipated loss.