Saturday, November 17, 2007

ABS CDOs of Citi in Q3

--43 bil exp is from returned ABS CDOs, off balance sheet in Q2. It is returned because of "liquidity put", termed when the securities were sold --trading account in Citibank N.A Q3 is 183 bil vs Q2 126 bil, Q1 105 bil, Q4 06 106 --based on the above data we can conclude that the clients returned these "assets" to Citi and booked under trading account.

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