AIG Discloses Counterparties To CDS, GIA And Securities Lending Transactions

Reuters
FACTBOX: AIG discloses counterparties on CDS transactions
Sun Mar 15, 2009 5:45pm EDT

NEW YORK, March 15 (Reuters) - American International Group Inc (AIG.N) disclosed on Sunday that U.S. and European banks have been among the biggest beneficiaries of the up to $180 billion U.S. taxpayer bailout of the insurer. The following lists the collateral postings for counterparties who bought credit default swaps (CDS's) from AIG Financial Products between Sept. 16, 2008 -- the date of the initial government rescue -- and Dec. 31, 2008:

[PLEASE click HERE to read the entire news release by AIG] <<<<<=== IMPORTANT

Counterparty Amount Posted ($ BLN)
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Societe Generale (SOGN.PA) = $ 4.1
Deutsche Bank (DBKGn.DE) = $ 2.6
Goldman Sachs Group (GS.N) = $ 2.5
Merrill Lynch & Co Inc (BAC.N) = $ 1.8
Calyon [CRINDZ.UL] = $ 1.1
Barclays PLC (BARC.L) = $ 0.9
UBS AG (UBSN.VX) (UBS.N) = $ 0.8
DZ Bank [DETGNF.UL] = $ 0.7
Wachovia Bank (WFC.N) = $ 0.7
Rabobank [RABOM.UL] = $ 0.5
KFW [KFW.UL] = $ 0.5
JPMorgan Chase (JPM.N) = $ 0.4
Banco Santander SA (SAN.MC) = $ 0.3
Danske Bank (DANSKE.CO) $ = 0.2
Reconstruction Finance Corp = $ 0.2
HSBC Holdings PLC (HSBA.L) = $ 0.2
Morgan Stanley (MS.N) = $ 0.2
Bank of America Corp (BAC.N) = $ 0.2
Bank of Montreal (BMO.TO) = $ 0.2
Royal Bank of Scotland (RBS.L) = $ 0.2
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Top 20 CDS Total = $ 18.3
Other 4.1
Total Collateral Postings = $ 22.4

Source: AIG

[PLEASE click HERE to read the entire news release by AIG]