Sears 2009 Annual Report Download - page 50

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Please find page 50 of the 2009 Sears annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Counterparties
We actively manage the risk of nonpayment by our derivative counterparties by limiting our exposure to
individual counterparties based on credit ratings, value at risk and maturities. The counterparties to these
instruments are major financial institutions with credit ratings of single-A or better. In certain cases, counterparty
risk is also managed through the use of collateral in the form of cash or U.S. government securities.
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