Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC, are distinct entities from affiliated banks and thrifts. Merrill Lynch Canada Inc. is registered as an Approved Participant of the Bourse de Montreal. The following is an analysis of the present situation of the Japanese funding banking market, as proven in image 2. Credit risk is inherent in the enterprise of banking, but additionally, these institutions are uncovered to counterparty credit score threat. Banks usually employ Middle workplace “Risk Groups” right here, whereas Front workplace threat groups provide threat “providers” / “options” to prospects. To obtain this aim, the Financing Group comprises all Goldman Sachs’ capital markets departments, and operates on shut cooperation with different areas of Investment Banking and different divisions throughout the firm, including Fixed Income, Currency and Commodities and Equities.