ljm vince stinson following update ljm deal 1 participated conference call aa jitendra others accounting credit group wes bill bradford others yesturday discussed best approach definining credit reserves year end puts 2 big chunck meeting dedicated explain aa details deal little progress made achieving meeting goal 3 apparently accounting want expose calculation made puts value considers credit risk two factor model developed line action implied pre meeting early morning understanding accounting argues make credit reserve could liquidate position year end 4 certain point jintendra suggested use two factor mc simulation calculating position credit risk approach actually simplified version model nobody mentioned results got 2 factor model 5 afternoon knew accounting process unwinding position main points please let know need details paulo issler