In the event of downgrades, both Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) would be forced to add to their existing collateral levels—$1 billion in extra collateral in the event of a one-step cut and $3.4 billion after a two-level reduction for JPMorgan Chase & Co (NYSE:JPM), where Goldman Sachs Group Inc (NYSE:GS) may have to post $1.26 billion extra collateral or termination payments if its credit ratings are cut one level and $2.17 in the event of a two level downgrade.