Without a clearinghouse, BofA has a $100 million asset (the $100 million that Bear owes it) and owes $200 million. Having only $100 million (if these obligations are its only assets and liabilities), BofA would have to pay AIG and Citibank $50 million each.
如果没有清算所，美国银行拥有1亿美元资产（贝尔斯登欠它的1亿美元）和2亿美元债务。但它手上只有1亿美元（假如上面的权利义务包括了美国银行的全部资产和负债），将赔付AIG和花旗银行各5000万美元。因此，AIG和花旗各自都将损失5000万美元。