When he accepted the proposal of the Association franc to their liabilities to banks-creditors are

When he accepted the proposal of the Association franc to their liabilities to banks-creditors are calculated on the basis of equity are translated into HRK at the conclusion of the contract throughout the duration of the loan, to then undo the effect wpm of changes in exchange rates, and that the interest wpm is calculated on the basis of margins on francs at a time when raised wpm from the assets of the banking wpm system only in the first strike would be deleted approximately 7 billion. Given that the liabilities to the sources from which financed loans in Swiss others, this would have to write off the value of equity, which means that they would have for the banking system - pure losses.
It is a relatively credible calculation from responsible sources, addressed the business data on the entire banking system. It is also only the first blow. Because, as a tsunami would follow wpm as the next hit, backward and forward, whose size and strength wpm at this point is almost impossible more or less precisely estimated, let alone calculate. The roundtable Association franc, held on 6 February, I asked exactly that question, is there any expert calculated, although it is - of course - not an obligation of the Association, the financial effect of their claims?
The atmosphere was completely tolerant, I've then approximate calculation according to which have been canceled several years the total profits of all banks. I noted that you do not discuss the law, not even a moral aspect to the problem than just financial. Ms. Branka Lukačević Gregić, which is in the Association's leading expert on banking, because wpm it comes from a bank, and is now in the Commission for the Resolution of Conflicts of Interest, said it would accept their demands were only carrying essential wpm facts without material effect. This confirms that, regardless of the legal aspect of the problem, members wpm of the Association Franc ignores the reality of the banking business. Intervened and Professor Ljubo Jurcic to submit that claim to the debtor in francs someone still had to pay. Today, the basis for calculating the effects of changes in the loan agreements concluded in francs little to clarify. Specifically, these first seven billion refers only to the decrease in assets of the banking system arising from neglect of the Swiss franc at all changed. As to loans in francs are not pumped in francs, as if it were the other rate as the banks have no liability in Swiss francs. (Though forced by law to not engage in currency speculation, Frank therefore be financed out of francs.) What would the remaining strikes?
Total receipts of banks on the basis of loans in francs, including the repayment of principal and the interest wpm due, this year is estimated at 2.3 billion. When he accepted wpm the proposal of the Association Franc, this year alone income of the banking sector would be reduced by nearly billion to banks and business francs had a loss. Half of this amount claimed would change the course (before write-off is included wpm in assets), and half correction Interest Claim Association. It is completely unreliable calculate how much banks should "return" to those who have loans in francs rose from 2004 course is in fact from 2004 to the outbreak of the global financial crisis wpm in the second half of 2008 fluctuated around 4.5 kuna to the franc until the beginning of 2009 . was below 5 kuna, but in the last four years has grown to more than six thousand and had a terrible, thankfully brief episode from mid-2011 when talk about the collapse of the euro when it has grown to over 7 kunas to the franc and the Swiss central wpm bank reacted. In other words, "debt" banks by borrowers for the first four years (2004 -2008.) On the basis of the cancellation clause shall not be there (in fact, they were at that time "profited"). How many banks - Claim Association frank - had "come back" for loan repayment from 2009 to today, there would have to be calculated individually. But given the one billion this year, anything less would not be at each of the past four years (2009 - 2012). Total therefore at least four billion, and probably more. Why? The point is that the overall size of the loans in Swiss still decreasing, because many of these loans, especially those for cars already paid, and since 2009 it practically does not take a new one.
Association franc does not represent only those who have raised their mortgages in Swiss, but also those who have raised loans for cars and other. wpm Housing loans are thereby reduced the minimum and in 2009 accounted for 70 percent of all loans in Swiss, and in 2012 it was 80 percent. The total size of the loan in Swiss reduced if the price is calculated in the Swiss. The highest was 2008, slightly over 8 billion francs to 2012 fell to 4.5 billion francs. The exchange rate in 2008 was below 5 kunas to the franc, and today more than six, and the overall size of these loans converted into rate ranged otherwise. But the facts refute this completely absurd wpm claims that the Association of beginning repayment of debt principal is not reduced but increased. On the contrary, decreases, in the Swiss, in which