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JP Morgan Chase has three uncollateralized transactions with a counterparty worth +$10 million, $20 million, and +$25 million. A netting agreement is in place. What

JP Morgan Chase has three uncollateralized transactions with a counterparty worth +$10 million, $20 million, and +$25 million. A netting agreement is in place. What is the maximum loss to Chase if the counterparty defaults today?

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