Friday 3 February, Coopers & Lybrand issued an unqualified audit report on the consolidation schedules of Baring Futures Singapore. Nick Leeson had been wetted and cleared. Throughout the afternoon everyone had started to talk about the SLK receivable. Nobody asked Nick Leeson how he had arranged for the 7.78 billion yen to leave Barings. Nick knew that when things came down to detail, no senior managers actually wanted to get their hands dirty and investigate the numbers. They always assumed that they were above that and let other people to get on with it. For Nick Leeson’s case, there were too many senior managers who would chart about it but never go further. They never dared to ask him any basic questions since they were afraid of looking stupid about not understanding futures and options.