Sunday, Jan 27, 2008
Only £5.8 billion exposure to ABS CDOs at Barclays
Barclays PLC: BARCLAYS PLC OCTOBER YEAR TO DATE TRADING PERFORMANCE
So that's ok then
At 31st October 2007, Barclays Capital’s high grade exposure net of hedges and subordination was £3.8bn (30th June 2007: £5.8bn) after charges and write downs net of hedges in the third
quarter of £0.3bn and a further £0.4bn in October 2007.At 31st October 2007, Barclays Capital’s mezzanine exposure net of hedges and subordination was £1.2bn (30th June 2007:
£1.6bn) after charges and write downs net of hedges in the third quarter of £0.1bn and a further £0.3bn in October 2007
Other US Sub Prime Exposure
BarCap provided secured financing lines to third-party mortgage originators in advance of securitisations, and also purchased pools of mortgages ("whole loans") for Barclays
Capital’s own account in anticipation of its own securitisations
Posted by lvmreader @ 11:27 PM (369 views) Add Comment
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