: +49 (0)69 9566 33511, Fax: +49 (0)69 9566 33077 presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated. Chart 6  The upturn in the financial cycle is weakening overall, then, but vulnerabilities in the loan portfolios remain high (chart 6).
Chart 7  Tension emerged in the financial system this year because energy suppliers had to provide additional collateral for derivatives trading (chart 7). Since the global financial crisis, derivatives have increasingly been traded through central counterparties (CCPs) as a way of mitigating risks in the financial Seite 8 von 18 Deutsche Bundesbank, Directorate General Communications Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel.