But if their net exposure is so low, why have Banks been so coy about it?

但是如果各银行承受的净风险这么低，为何还对此讳莫如深？

youdao

In such an arrangement, an investor agrees to buy into a new issue in return for being able to sell back to the Banks an equal amount of an old one, thus ensuring its net exposure does not rise.

在这种机制下，投资者同意在将等值的老债券卖给银行的情况下，购买新的债券，从而确保其净风险敞口并未进一步扩大。

youdao

The first was the bank's focus on traders' net exposure, the difference between the portfolios that are being arbitraged.

ECONOMIST: Soci��t�� G��n��rale

The net exposure represents the gross exposure less liquid collateral and CDS protection purchase from investment-grade counterparties outside of these countries, Konrad explains.

FORBES: Financials Fall, JPMorgan Shares Hit 1-Year Low On Greece Default Worries

By creating a fictitious portfolio of trades that appeared to balance those he was really making, his net exposure stayed within set ranges and he remained below the radar.

ECONOMIST: Soci��t�� G��n��rale