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ePaper created 2012-04-20, 15:08:32 | version 1.23.0
37 Münchener Hypothekenbank eG Management Report 2011 Risk report Counterparty risk 38 Market price risks 41 Liquidity risks 44 Operational risks 45 Ability to bear risks 46 Use of finance instruments for hedging purposes 46 Accounting-based internal control and risk management procedures 46