The prospect of an almost-as-big-as-Lehman bankruptcy evidently focused the mind of the officialdom. The providers are private firms, but one imagines, a la the LTCM rescue, that they were given a big prod by regulators It appears the amount of the facility is sufficient to refund maturing paper, but likely falls short of the end of troubles for this highly geared bank (a mere 6 billion euros of equity supporting a 400 billion euro balance sheet).
From Bloomberg:
Hypo Real Estate Holding AG, Germany’s second-biggest commercial-property lender, has been provided with a credit facility by a grouping from the German financial industry.
Hypo Real Estate Holding, together with its subsidiaries Depfa Bank Plc, Hypo Real Estate Bank AG and Hypo Real Estate International AG, will receive the short term and medium term credit facility in “a sufficient amount,” Munich, Germany-based Hypo Real said today in a statement on DGAP newswire. The company provided no further details on the facility.
Hypo Real Estate Holding “will have to depreciate the book value of its participation” in Depfa, and a dividend distribution for the financial year 2008 is “not expected,” according to the statement.
Hypo Real Estate Holding may collapse on liquidity problems, Financial Times Deutschland reported yesterday, before the statement was published, in a preview of an article to be published today, citing unidentified people in government and finance familiar with the company.
Ireland-based Depfa Bank is responsible for the problems with real estate investments, the Hamburg-based newspaper said.
Hypo Real Estate Holding, which is listed on Germany’s DAX index, has to refinance a “two-figure billion-euro” sum, the FTD said. German banks and regulators have been discussing a rescue plan for the Munich-based real estate lender for “days,” the newspaper said.
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Treasury Dept. gave a conference call for analysts at 9PM Sunday night.
They dismayed some of the participants when they announced that it will take a couple of weeks before Treasury begins buying from Wall St.
There was an impression that they got everything they wanted from Congress, which was not portrayed as capable or effective, only emotional.
Terminal,
I got another comment, dunno whether from you or another party, on the conference call. Hugely disturbing that in a democracy we have special channels of communication to special interests.
How do I confirm that you are real and that this call happened? Please e-mail if you are so inclined. Go to “Contributors”, click on my name, takes you to a page with an e-mail link.
Is this a list of financial organizations we should be worried about? – The list of ISDA members…. The International Swaps and Derivatives Association.
ISDA PRIMARY MEMBERS
18-Jul-08 Page 1 of 11
ABAXBANK S.p.A.
Abbey National Treasury Services plc
ABN AMRO Bank N.V.
ABSA Bank Ltd.
Abu Dhabi Commercial Bank
Accord Energy Limited
Agricultural Bank of China
Allied Irish Banks, plc
American International Group, Inc.
AmInvestment Bank Bhd
Andorra Banc Agricol Reig, S.A. (ANDBANC)
Anglo Irish Bank Corporation Plc
Aozora Bank
Assured Guaranty Corp.
Australia and New Zealand Banking Group, Limited
Axis Bank Ltd.
Banca Akros Spa
Banca Aletti & C. S.p.A. (Gruppo Banco Popolare
di Verona e Novara)
Banca d'Intermediazione Mobiliare IMI S.p.A.
Banca del Gottardo
BANCA INTERMOBILIARE SpA
Banca Monte Dei Paschi Di Siena SpA
Banca Popolare di Milano scarl
Banca Popolare di Vicenza
Banca Profilo, S.p.A.
Banco Bilbao Vizcaya Argentaria, S.A.
Banco BPI, S.A.
Banco Bradesco S.A.
Banco Comercial Portugues S.A.
Banco Espanol de Credito, S.A. (BANESTO)
Banco Espirito Santo e Comercial de Lisboa, S.A.
Banco Itaú S/A
Banco Votorantim S/A – Nassau Branch
Bank Hapoalim B.M.
Bank Julius Baer & Co. Ltd.
Bank Leumi le-Israel B.M.
Bank of America N.A.
Bank of Baroda
Bank of Beijing Co., Ltd
Bank of China
Bank of Ireland Global Markets
Bank of Montreal
The Bank of New York Mellon
Bank of Nova Scotia
Bank of Scotland plc, Treasury
Bank Vontobel AG
Banque Degroof SA
Barclays Capital
Bayerische Hypo-und Vereinsbank AG (HVB)
Bayerische Landesbank
The Bear Stearns Companies Inc.
BHF Bank (Berliner Handels-und Frankfurter)
BNP Paribas
BP Plc
Branch Banking and Trust Company (BB&T)
BRE BANK SA
British Energy Power and Energy Trading Limited
Caixa d' Estalvis i Pensions de Barcelona "la Caixa"
Caixa D'Estalvis de Catalunya
Caja De Ahorros De Galicia
Caja de Ahorros Y Monte de Piedad de Madrid
Calyon Corporation
Cargill, Incorporated
Carnegie Investment Bank AB
Ceská sporitelna, a.s.
China CITIC Bank
China Construction Bank
Chinatrust Commercial Bank
Chuo Mitsui Trust & Banking Co. Ltd.
CIBC World Markets Inc.
Citigroup
Commerce International Merchant Bankers Berhad
Commerzbank AG
Commonwealth Bank of Australia
Confederacion Espanola de Caja de Ahorros
ConocoPhillips
Constellation Energy Commodities Group, Inc.
Coral Energy, L.P.
Credit Industriel et Commercial (CIC)
Credit Suisse
Daiwa Securities SMBC Co. Ltd.
Danske Bank A/S
DBS BANK LTD
DEPFA BANK plc
Deutsche Bank AG
Dexia Bank Belgium S.A.
DnB NOR Bank ASA
Dresdner Bank AG
DZ BANK AG Deutsche Zentral-Genossenschaftsbank
E.Sun Commercial Bank, Ltd.
EDF Trading Limited
EFG Eurobank Ergasias S.A.
EFG International
Erste Bank der Osterreichischen Sparkassen AG
Essent Energy Trading B.V.
Europe Arab Bank plc
F. van Lanschot Bankiers N.V.
FirstRand Bank Limited
Fortis Bank NV/SA
GASELYS
ISDA PRIMARY MEMBERS
18-Jul-08 Page 2 of 11
Generali SGR S.p.A.
Goldman Sachs & Co.
Gulf International Bank (UK) Limited
Hamburger Sparkasse
Hang Seng Bank Limited
Hess Energy Trading Company, LLC
HSBC Holdings plc
HSH Nordbank AG
Hydro-Quebec
Hypo Public Finance Bank
ICICI Bank Limited
IKB Deutsche Industriebank AG
Industrial and Commercial Bank of China
Industrial Bank of Korea
ING Bank N.V.
Intesa Sanpaolo SpA
Investec Bank Limited
Irish Life & Permanent plc
IXIS Corporate and Investment Bank
J.P. Morgan Chase & Co.
Jefferies Group, Inc
JSC Halyk Bank
Jyske Bank A/S
KBC Bank
Koch Supply & Trading, LP
Komercní banka, a.s.
Kookmin Bank
The Korea Development Bank
Kotak Mahindra Bank Ltd.
Landesbank Baden-Württemberg
Landesbank Hessen – Thueringen Girozentrale
Landsbanki Islands hf.
Lehman Brothers Ltd.
Lloyds TSB Bank plc
Louis Dreyfus Energy Services L.P.
Macquarie Bank Limited
Malayan Banking BHD
Maple Bank GmbH
Meliorbanca S.p.A.
Merrill Lynch & Co., Inc.
Mitsubishi UFJ Financial Group (MUFG)
Mitsui & Co., Ltd.
Mizrahi Tefahot Bank Ltd.
Mizuho Financial Group
Morgan Stanley & Co. International plc
National Australia Bank Limited
National Bank of Canada
National Bank of Greece
National City Bank
NATIXIS
Nedbank Limited
NIBC
Nomura Securities Co., Ltd.
Norddeutsche Landesbank Girozentrale
Nordea Bank Finland Plc
Norinchukin Bank
nv Nuon Energy Trade & Wholesale
Nykredit Bank A/S
OKO Osuuspankkien Keskuspankki Oyj
Osterreichische Volksbanken-Aktiengesellschaft
Oversea-Chinese Banking Corporation Limited
Piraeus Bank S.A.
PNC Bank, N.A.
Prudential Global Funding LLC
PSEG Energy Resources & Trade LLC
PT Bank Danamon Indonesia
Rabobank Nederland
Raiffeisen Zentralbank Austria AG
Regions Bank
Renaissance Capital
Resona Bank, Ltd.
Royal Bank of Canada
The Royal Bank of Scotland plc
RWE Supply & Trading GmbH
Sal. Oppenheim jr. & Cie KGaA
Samsung Securities Co., Ltd.
Santander Central Hispano, S.A.
Schroders plc
Sempra Energy Trading Corp.
Shanghai Pudong Development Bank
Shinko Securities Co., Ltd.
Shinsei Bank, Limited
Shoko Chukin Bank
Skandinaviska Enskilda Banken
SMBC Capital Markets, Inc.
Societe Generale
St. George Bank Ltd
The Standard Bank of South Africa
Standard Chartered Bank
STASCO
State Bank of India
State Street Bank & Trust Company
Sumitomo Mitsui Banking Corporation
Sumitomo Trust and Banking Co., Ltd.
Suncorp-Metway Limited
SunTrust Robinson Humphrey Capital Markets
Svenska Handelsbanken (Handelsbanken Markets)
Swedbank AB
Swiss Re Financial Products
Sydbank A/S
ISDA PRIMARY MEMBERS
18-Jul-08 Page 3 of 11
Taishin International Bank
Tokio Marine Financial Solutions, Ltd.
The Toronto-Dominion Bank
Totsa Total Oil Trading S.A.
Troika Dialog
Trust Investment Bank
Turkiye Garanti Bankasi A.S.
UBS AG
UNIBANCO – UNIAO DE BANCOS BRASILEIROS
S.A.
United Bank Limited
United Overseas Bank Limited
VTB Bank Europe plc
Wachovia Corporation
Wells Fargo Bank
Westdeutsche Genossenschafts-Zentralbank eG
WestLB AG
Westpac Banking Corporation
XL America, Inc.
Zurcher Kantonalbank
TOTAL PRIMARY MEMBERS: 219
ISDA ASSOCIATE MEMBERS
18-Jul-08 Page 4 of 11
A & L Goodbody
ABBC- Azevedo Neves, Benjamim Mendes, Bessa
Monteiro, Cardigos & Associados
Abreu & Marques, Vinhas e Associados
Abreu Advogados
Addleshaw Goddard
Advokatfirman Vinge KB
Aird & Berlis LLP
Akin, Gump, Strauss, Hauer & Feld LLP
Algorithmics, Inc.
Allen & Overy LLP
Allens Arthur Robinson
Allustra Limited
Alston & Bird LLP
Amarchand & Mangaldas & Suresh A. Shroff & Co.
Anderson Mori & Tomotsune
Andrews Kurth LLP
Appleby
APYDOS SA
Arendt & Medernach
Arthur Cox Solicitors
Ashurst
Atsumi & Partners
Baker & McKenzie LLP
Baker Botts L.L.P.
Bär & Karrer
Bech-Bruun
Bell Gully
Berwin Leighton Paisner
BGC International
Binder Grosswang Rechtsanwalte
Bingham McCutchen LLP
Bird & Bird
Blackbird Holdings, Inc.
Blake Dawson
Blake, Cassels & Graydon LLP
Bloomberg Financial Markets
BM&F – Bolsa de Mercadorias & Futuros
Bond Exchange of South Africa
Borden Ladner Gervais, LLP
BORSA ITALIANA
Bottom Line Consulting
Bowman Gilfillan Inc.
Bracewell & Giuliani LLP
Brown Rudnick Berlack Israels LLP
Brzobohaty Broz & Honsa v.o.s.
Buck Consultants, LLC
Buddle Findlay
Bulboaca & Asociatii SCA
Business Integrity Ltd.
Cadwalader, Wickersham & Taft
Cameron McKenna
Cardano Structuring
Cardigos e Associados – Sociedade de Advogados
RL
Caspi & Co.
CETIP – Câmara de Custódia e Liquidação
Chadbourne & Parke LLP
Chambers of Sir Hamid Moollan Q.C.
Chatham Financial Corp.
Chicago Board Options Exchange
Chiomenti Studio Legale
City-Yuwa Partners
Clayton Utz
The Clearing Corporation
The Clearing Corporation of India Ltd.
Cleary, Gottlieb, Steen & Hamilton LLP
Clifford Chance LLP
CLS Services Limited
Clyde & Co.
CME Group Inc.
Colja Rojs & Partners
Copp Clark Professional
Corrs Chambers Westgarth
Covington & Burling LLP
Cravath, Swaine & Moore LLP
Creditex Group Inc.
CreditSights, Inc.
Cuatrecasas Abogados, S.R.L.
Curtis, Mallet-Prevost, Colt & Mosle LLP
D. Harris & Co. International Ltd
Dave & Girish & Co.
DAVID DOBLE Solicitors
Davies Ward Phillips & Vineberg
Davis Polk & Wardwell
De Brauw Blackstone Westbroek
De Pardieu Brocas Maffei
Debevoise & Plimpton LLP
Dechert LLP
Denton Wilde Sapte
The Depository Trust & Clearing Company
The Derivatives Consulting Group
Dewey & LeBoeuf
DLA Piper
DNC Advocates At Work
Dominion Bond Rating Service Limited
Donaldson Legal Consulting
e-Mid S.p.A.
eClerx
EMC Document Sciences
Ernst & Young LLP
Eurex Clearing AG
ISDA ASSOCIATE MEMBERS
18-Jul-08 Page 5 of 11
Euroclear SA/NV
EVERSHEDS LLP
Faegre & Benson LLP
Field Fisher Waterhouse LLP
Fitch Ratings Inc.
Foley & Lardner LLP
Fraser Milner Casgrain LLP
Freehills
Freshfields Bruckhaus Deringer
Fried, Frank, Harris, Shriver and Jacobson
Ganado & Associates Advocates
Gernandt & Danielsson Advokatbyrå KB
GFI Group
Gibson, Dunn & Crutcher LLP
Gide Loyrette Nouel
Global Electronic Markets LLC
GlobeOp Financial Services
Goodmans LLP
Goodwin Procter LLP
Gorrissen Federspiel Kierkegaard
Gowling Lafleur Henderson LLP
Grech Vella Tortell & Hyzler-Advocates
Greenberg Traurig, LLP
Gross, Kleinhendler, Hodak, Halevy, Greenberg &
Co.
Hahn & Hessen LLP
Harney Westwood & Riegels
Harry Jho LLC
Hat Trick Software Limited
Herbert Smith
Herguner Bilgen Ozeke
Holman Fenwick & Willan
Homburger
Houthoff Buruma
Hughes Hubbard & Reed
Hunton & Williams
Hwang Mok Park P.C.
IBM Corporation
ICAP
Interactive Data Corporation
IntercontinentalExchange, Inc.
Japan Credit Rating Agency, Ltd
Jermyn Capital Partners PLC
Johnson Winter & Slattery
Jones Day
JunZeJun Law Offices
Juris Corp
Karatzas & Partners
Katten Muchin Rosenman
Kim & Chang
King & Spalding LLP
King & Wood
Kirkland & Ellis
Kirkpatrick & Lockhart Preston Gates Ellis LLP
Kramer Levin Naftalis & Frankel LLP
KSD (Korea Securities Depository)
Kutak Rock LLP
L. Morris Legal
Landwell
Latham & Watkins
LCH.Clearnet Limited
Lee & Ko
Lee & Li
Lenz & Staehelin
Lex Caribbean
Linklaters Allen & Gledhill Pte Ltd
Linklaters LLP
Lombard Risk Systems Ltd.
London International Financial Futures and Options
Exchange (LIFFE)
Lovells LLP
Lowenstein Sandler PC
Loyens & Loeff
Mallesons Stephen Jaques
Mannheimer Swartling Advokatbyra AB
Maples and Calder
Marex Financial Limited
MarketAxess
Markit Group Limited
Marval O'Farrell & Mairal
Matheson Ormsby Prentice
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
Mayer Brown LLP
McCann FitzGerald
McCarthy Tétrault LLP
McClure Naismith
McDermott Will & Emery LLP
McKee Nelson LLP
McMillan Binch
Meitar Liquornik Geva & Leshem Brandwein
Meyer Lustenberger Attorneys-at-Law
MF Global UK Limited
Milbank, Tweed, Hadley & McCloy
Misys Banking Systems
Mitsui Company
Moody's Investors Service, Inc.
Moore & Van Allen PLLC
Morgan, Lewis & Bockius
Mori Hamada & Matsumoto
Morrison & Foerster LLP
Munsch Hardt Kopf & Harr, P.C.
Nabarro
ISDA ASSOCIATE MEMBERS
18-Jul-08 Page 6 of 11
Nagashima Ohno & Tsunematsu
NautaDutilh
New York Board of Trade (NYBOT)
Nishimura & Asahi
Nord Pool ASA
Norton Rose LLP
NS Solutions Corporation
O'Melveny & Myers LLP
ODL Securities Limited
Oesa Limited
Ogier
Ogilvy Renault
Oh-Ebashi LPC & Partners
Olswang
Omgeo
Orrick, Herrington & Sutcliffe LLP
Osler, Hoskin & Harcourt LLP
Patton Boggs LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Pekin & Bayar Law Firm
Pekin & Pekin
Peltonen, Ruokonen & Itainen Oy
Pepper Hamilton LLP
Pillsbury Winthrop Shaw Pittman LLP
Pinheiro Neto – Advogados
Pinsent Masons
Plesner Svane Grønborg, Law Firm
PricewaterhouseCoopers
Progress Partners LLC
Purrington Moody Weil LLP
Quick Corp.
Radar Logic Incorporated
Rating and Investment Information, Inc.
Reed Smith LLP
Reoch Credit Partners LLP
Reuters
Richards Kibbe & Orbe LLP
Ritch Mueller, S.C.
Ropes & Gray
S.W.I.F.T. sc
Salans
SCHOENHERR RECHTSANWAELTE GMBH
Schulte Roth & Zabel LLP
Scrittura, Inc.
Seward & Kissel LLP
Shearman & Sterling LLP
Shearn Delamore & Co.
Shin & Kim
Sidley Austin LLP
Simmons & Simmons
Simpson Thacher & Bartlett
SJ Berwin
Skadden, Arps, Slate, Meagher & Flom
Slaughter and May
Soltysinski, Kawecki & Szlezak
Spectrum Global Fund Administration
Squire, Sanders & Dempsey L.L.P.
Standard & Poor's
Stikeman Elliott LLP
Stroock & Stroock & Lavan LLP
Sullivan & Cromwell
Sun Capital Services Limited
SunGard Data Systems Inc.
Sutherland, Asbill & Brennan LLP
SwapsWire Limited
Taylor Wessing
Teigland-Hunt & Associates LLP
Thacher Proffitt & Wood
Thompson Hine LLP
Thunderhead Ltd.
TMI Associates
Tonkon Torp LLP
Torys LLP
Tradeweb Markets LLC
Tradition (North America), Inc.
Travers Smith
TriOptima
Troutman Sanders, LLP
Tullett Prebon
Ughi e Nunziante
United Financial Technologies, Inc.
Uria Menendez Abogados, S.L.P.
Versif INC
Vinson and Elkins L.L.P.
VISCHER
VOB-Service GmbH
Vyapar Capital Market Partners LLC
Walder Wyss & Partners
Weil Gotshal & Manges
WFW Global LLP
White & Case LLP
Willkie, Farr & Gallagher LLP
WilmerHale
Winston & Strawn LLP
Wistrand Advokatbyra
Withers LLP
WOLF THEISS Rechtsanwälte GmbH
Womble Carlyle Sandridge & Rice, PLLC
Wong Partnership
Wragge & Co. LLP
ISDA ASSOCIATE MEMBERS
18-Jul-08 Page 7 of 11
Yigal Arnon & Co.
Yulchon
Zaid Ibrahim & Co.
TOTAL ASSOCIATE MEMBERS: 303
ISDA SUBSCRIBER MEMBERS
18-Jul-08 Page 8 of 11
Aareal Bank AG
AB Svensk Exportkredit
ACA Risk Structures, L.L.C.
ADI Alternative Investments
AEGON USA Investment Management, LLC
African Development Bank
AGF Asset Management
Aladdin Capital Management LLC
Alberta Treasury Branches (ATB Financial)
Alexandra Investment Management, LLC
Alliance & Leicester plc
Alliance Capital Management L.P.
Allstate Investments, LLC
Ambac Financial Group, Inc.
American Electric Power Service Corporation
American Express Company
American Honda Finance Corporation
Ameriprise Financial, Inc.
AMVESCAP plc
AQR Capital Management, LLC
Asian Development Bank
Athilon Structured Investment Advisors, LLC
Austrian Federal Financing Agency (AFFA)
AXA Bank Belgium
AXA Investment Managers
B. Metzler seel Sohn & Co. KGaA
Babcock & Brown
Baillie Gifford & Co.
Banco de Portugal
Bank for International Settlements
Bank Nederlandse Gemeenten, nv
Bank of Canada
Bank of England
The Bank of Fukuoka, Limited
The Bank of Kyoto, Ltd.
Bank of Lithuania
Bankinter, S.A.
Banque De France
Banque et Caisse d'Epargne de l'Etat, Luxembourg
The Baupost Group, L.L.C.
BBT Fund L.P.
Beijing Gao Hua Securities Company Limited
BG International Limited
BlackRock Financial Management
BlueCrest Capital Management Limited
BlueMountain Capital Management, LP
Bradford & Bingley plc
Bridgewater Associates, Inc.
Britannia Building Society
Brown Brothers Harriman & Co.
Bunge SA
Business Development Bank of Canada
Cairn Financial Products Limited
Caisse Centrale Desjardins
Caisse de depot et Placement du Quebec
Caisse des Dépôts
California State Teachers' Retirement System (CalSTRS)
Cambridge Place Investment Management LLP
Canada Mortgage and Housing Corporation
Capital Group International, Inc.
Capital One Financial Corp.
CapitalGest S.g.R. S.p.A.
Cassa Depositi e Prestiti S.p.A.
Central Bank of the Russian Federation (Bank of Russia)
Channel Capital Advisors LLP
Chevron Corporation
Cheyne Capital Management (UK) LLP
China Development Bank
Citadel Investment Group, L.L.C.
Cobelfret SA
Conectiv Energy Supply, Inc.
Convexity Capital Management LP
COREALCREDIT BANK AG
Council of Europe Development Bank
Countrywide Financial Corporation
CQS (UK) LLP
D.E. Shaw & Co., L.P.
Deister Capital Management, LLC
DekaBank Deutsche Girozentrale
Depfa Deutsche Pfandbrief Bank AG
Deutsche Postbank AG
DKR Capital Inc.
Dow Chemical Company
Drax Power Limited
DTE Energy Trading, Inc.
Dunbar Bank Plc
Dutch State Treasury Agency
E.ON UK plc
EADS NV
Eksportfinans ASA
Electrabel NV/SA
Electricite de France
Elektrizitaets-Gesellschaft Laufenburg AG (EGL AG)
Ellington Management Group, L.L.C.
Endesa Italia SpA
Endesa, S.A.
Enel SPA
Energie Ouest Suisse (EOS)
Eni S.p.A.
Eskom Holdings Limited
ISDA SUBSCRIBER MEMBERS
18-Jul-08 Page 9 of 11
EUROFIMA
European Bank for Reconstruction & Development
European Investment Bank
Export Credits Guarantee Department
Export Development Canada
The Export-Import Bank of China
F&C Management Limited
Fairfax Financial Holdings Limited
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Boston
Federal Home Loan Bank of Chicago
Federal Home Loan Bank of Cincinnati
Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Des Moines
Federal Home Loan Bank of Indianapolis
Federal Home Loan Bank of New York
Federal Home Loan Bank of Pittsburgh
Federal Home Loan Bank of San Francisco
Federal Home Loan Bank of Seattle
Federal Home Loan Bank of Topeka
Federal Home Loan Mortgage Corporation
(Freddie Mac)
Federal National Mortgage Association (Fannie
Mae)
Fidelity Investments Money Management, Inc.
Fifth Third Bank
FIL Limited
Financial Guaranty Insurance Company
Florida State Board of Administration
FMC Corporation
Fonds de Réserve pour les Retraites
Ford Motor Credit Company
Friesland Bank N.V.
Gas Natural sdg, S.A.
Gazprom Marketing & Trading Ltd
General Electric Capital Corporation
General Re Financial Products Corp.
Genworth Financial
Glencore International AG
GLG PARTNERS LP
Government Debt Management Agency Private
Company Limited by Shares (Hungary)
Government of Canada, Department of Finance
Government of Singapore Investment Corporation
Pte Ltd
Greywolf Capital Management, LP
GSC Partners
Harvard Management Company, Inc.
HBK Services LLC
Henderson Global Investors Limited
Highbridge Capital Management, LLC
Howard Hughes Medical Institute
Hypo Alpe-Adria Bank International AG
Indian Oil Corporation, Limited
Instituto de Credito Oficial
Instituto de Gestao de Credito Publico
Int'l Bank for Reconstruction (World Bank)
Intel Corporation
Inter-American Development Bank
International Finance Corporation
IXIS Asset Management
J&S Group Limited
J. R. Simplot Company
Japan Post Bank Co., Ltd.
JD Capital Management LLC
The Joyo Bank, Ltd.
The Juroku Bank Ltd
JWM Partners, LLC
Kangqi Oil Trading Ltd
KAS Derivaten Clearing N.V.
KfW
King Street Capital Management, L.L.C.
Kingdom of Belgium
Kingdom of Denmark
Kingdom of Sweden
Kingdon Capital Management, LLC
KKR Financial Corp.
Kommunalbanken AS
Kommunalkredit Austria AG
KommuneKredit
Kommuninvest i Sverige AB (publ)
Landesbank Berlin AG
Landesbank Saar
Landeskreditbank Baden-Wuerttemberg – Foerderbank
Landwirtschaftliche Rentenbank
Laurentian Bank of Canada
Legal and General Investment Management (Holdings)
Ltd.
LIM Advisors Limited
Lombard Odier Darier Hentsch & Cie
Louis Dreyfus Corporation
M & G Investment Management Limited
M. Safra & Co., Inc.
M/S Bharat Petroleum Corporation Limited (BPCL)
MacroMarkets LLC
Magnetar Capital LLC
Man Investments Ltd
Marubeni Corporation
Massachusetts Mutual Life Insurance Company
MBIA Insurance Corp
McDonald's Corporation
MetLife
ISDA SUBSCRIBER MEMBERS
18-Jul-08 Page 10 of 11
MFS Investment Management
Millennium Partners, L.P.
Minnesota Life Insurance Company
Mitsubishi Corporation
Mitsui Sumitomo Insurance Company Limited
MKP Capital Management, LLC
Moore Capital Management LLC
Morley Fund Management
Munich Re Capital Markets GmbH
Municipality Finance Plc
National Bank of Poland
National Rural Utilities Cooperative Finance
Corporation
National Swedish Pension Fund
Nationwide Building Society
Natixis Commodity Markets Limited
Nederlandse Financierings-Maatschappij voor
Ontwikkelingslanden N.V. ("FMO")
Nederlandse Waterschapsbank N.V.
New South Wales Treasury Corporation
New Zealand Debt Management Office
Newshore Financial Services Inc.
Nexen Inc.
Nordic Investment Bank
Norges Bank
Northern Trust
NRW.BANK
OFI ASSET MANAGEMENT
OGE Energy Resources, Inc.
Ontario Financing Authority
Ontario Teachers' Pension Plan Board
OPET Trade (Ireland) Ltd.
Øresundsbro Konsortiet
OZ Management, L.L.C.
Pacific Investment Management Company LLC
Pacific Life Insurance Company
Paloma Partners Management Company
Parkcentral Capital Management, L.P.
Paulson & Co. Inc
Perfect Treasure Investment Limited
Peugeot SA
Pfizer Inc.
PGGM
Pioneer Investment Management Limited
Portland General Electric
Primus Asset Management, Inc.
Principal Global Investors, LLC
ProLiance Energy LLC
Province of British Columbia
PSolve Asset Solutions
Public Sector Pension Investment Board
Putnam Investments
Quadrant Structured Investment Advisers LLC (QSI)
Québec
Queensland Investment Corporation
Queensland Treasury Corporation
QVT Financial LP
Raiffeisen Switzerland Genossenschaft
Regiment Capital Management, LLC
Reliance Industries Limited
Reliant Energy, Inc.
Renault SAS
Republic of Finland
Reserve Bank of New Zealand
S.A.C. Capital Advisors, LLC
Sampo Life Insurance Company Limted
Sandelman Partners, L.P.
Sanofi-Aventis
Saracen Energy Advisors LP
Saxo Bank A/S
Scion Capital, LLC
ScottishPower Energy Management Limited
Shell Asset Management Company B.V. (SAMCo)
Shinkin Central Bank
Siemens Aktiengesellschaft
Sierra Pacific Resources
Sigma Finance Corporation
SK Energy Co., Ltd.
SNCB Holding
SNS Bank N.V.
Sompo Japan Insurance Inc.
Soros Fund Management LLC
Sound Capital Management, Inc.
South African Reserve Bank
Southwest Gas Corporation
Sparkasse KoelnBonn
Standard Life Investments Limited
Stark Investments
StatoilHydro ASA
Stichting Pensioenfonds ABP
Stone Tower Capital
Student Loan Marketing Association (Sallie Mae)
SUEK AG
Suez Energy Marketing NA, Inc.
Suez-Tractebel S.A.
Sumitomo Corporation
Sun Life Assurance Company of Canada
Susquehanna Financial Products
Sveriges Riksbank
Swedish Housing Finance Corp.
Swiss National Bank
ISDA SUBSCRIBER MEMBERS
18-Jul-08 Page 11 of 11
Taconic Capital Advisors LLC
Telecom Italia SpA
Telkom SA Limited
Temasek Holdings (Private) Limited
Tewksbury Capital Management Ltd.
Total Capital S.A.
Toyota Financial Services
Trafigura Derivatives Limited
TransCanada Pipelines Limited
Transnet Limited
Treasury Corporation of Victoria
Tudor Investment Corporation
U.S. Bancorp
Union Bank of California, N.A.
University of Notre Dame
Vattenfall A.B.
Vitol SA
Vodafone Group Services Ltd.
Volvo Treasury AB
Webster Bank
Wellington Management Company, LLP
Western Australian Treasury Corporation
Weyerhaeuser Asset Management LLC
Yorkshire Building Society
TOTAL SUBSCRIBER MEMBERS: 320
TOTAL ISDA MEMBERS: 842
dealbreaker posted notes from the conference call: http://dealbreaker.com/2008/09/live-blogging-the-treasury-cal.php#more
Per recent precedent in Germany heads may roll at HRE.
Well, this looks like it will work out like IKB: The first tranche is 14 bio EUR, 40% government money, the second tranche is 21 bio EUR, completely government money, see (in German) http://www.faz.net/s/Rub58241E4DF1B149538ABC24D0E82A6266/Doc~EA8E925C561054947B58FB5BAE5BE7D90~ATpl~Ecommon~Scontent.html