/raid1/www/Hosts/bankrupt/TCREUR_Public/140603.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Tuesday, June 3, 2014, Vol. 15, No. 108
Headlines
A U S T R I A
HYPO ALPE-ADRIA: Bail-in Likely Dangerous Precedent for Austria
B E L G I U M
HUNTSMAN INT'L: Moody's Says Add-on Notes No Impact on B1 Rating
F R A N C E
CFHL-1 2014: Fitch Assigns 'BBsf' Rating to Class E Notes
G R E E C E
GREECE: Third-Bailout May Be Less Than EUR10 Bil., Minister Says
I R E L A N D
ALLIED IRISH: Confirms Executive Director Appointment
I T A L Y
CORDUSIO RMBS: Fitch Affirms CCC Rating on Class E Notes
M A C E D O N I A
SKOPJE MUNICIPALITY: S&P Affirms BB- ICR; Outlook Stable
N E T H E R L A N D S
CADOGAN SQUARE: Moody's Affirms Ba3 Rating on EUR10.3MM Notes
DUTCH MORTGAGE: Fitch Assigns 'BB-' Rating to Class B Notes
E-MAC NL 2004-II: S&P Affirms CCC Rating on Class E Notes
NORTH WESTERLY: S&P Lowers Rating on Class E Notes to CCC
R U S S I A
ABSOLUT BANK: Moody's Confirms B1 Deposit Ratings; Outlook Stable
T U R K E Y
ARAP TURK: Fitch Assigns 'BB-' Long-Term IDRs; Outlook Stable
TURK EXIMBANK: S&P Affirms 'BB+/B' Ratings; Outlook Negative
U N I T E D K I N G D O M
HARRISON LEISURE: Recession Prompts Administration
HEALTHCARE SUPPORT: Moody's Lowers Rating on Senior Bonds to Ba1
LADBROKES PLC: Fitch Assigns 'BB(EXP)' Rating to Senior GBP Bond
LEGAL DEVELOPMENT: Faces Liquidation Following SRA Closure
MIMOSA HEALTHCARE: Failed Refinancing Spurs Administration
PREFERRED RESIDENTIAL: S&P Ups Rating on Class D1c Notes to BB+
STICHTING PROFILE: Fitch Affirms 'Bsf' Rating on Class E Notes
X X X X X X X X
* Large Companies with Insolvent Balance Sheets
*********
=============
A U S T R I A
=============
HYPO ALPE-ADRIA: Bail-in Likely Dangerous Precedent for Austria
---------------------------------------------------------------
Helene Durand at Reuters reports that market participants said a
dangerous precedent could be set by Austria if its government goes
ahead with a potential bail-in of Hypo Alpe-Adria's guaranteed
subordinated debt.
"The cost benefit of going down that route would be poor," Reuters
quotes one analyst as saying. "The money Austria gained would
only make a small contribution to the wind-down of the bank but
the damage it could have on other guarantees could be far-reaching
and substantial."
According to Reuters, some debt bankers said that imposing
haircuts on guaranteed debt would set a dangerous precedent,
especially for countries like Austria and Germany where those
guarantees are such a fundamental part of the funding arrangements
for a large number of financial institutions.
But it appears that a legislative proposal could be put in front
of Parliament very soon which would remove the deficiency
guarantee previously given by the Austrian state of Carinthia on
that debt, Reuters notes.
About Hypo Alpe-Adria
Hypo Alpe-Adria International AG is a subsidiary of BayernLB. It
is active in banking and leasing. In banking, HGAA serves both
corporate and retail customers and offers services ranging from
traditional lending through savings and deposits to complex
investment products and asset management services.
Hypo Alpe has received EUR1.75 billion in aid in emergency
capital from the Austrian government. European Union Competition
Commissioner Joaquin Almunia said in March 2013 that Hypo faced
possible closure for failing to adequately restructure.
The European Commission approved Hypo's recapitalization in
December 2013, but made it conditional on the management
presenting a thorough plan to overhaul the group. The Austrian
finance ministry, which effectively runs Hypo Alpe, submitted a
restructuring plan to the Commission on Feb. 5.
=============
B E L G I U M
=============
HUNTSMAN INT'L: Moody's Says Add-on Notes No Impact on B1 Rating
----------------------------------------------------------------
Moody's Investors Service reiterated the B1 rating on Huntsman
International LLC's (HI) 5 1/8% notes due 2021 after the company
issued an add-on of EUR145 million. The original EUR300 million of
notes were rated B1 in December 2013. The proceeds are expected to
be used for general corporate purposes and will not affect
Huntsman's ratings or outlook. HI and its parent, Huntsman
Corporation (Huntsman), have Ba3 Corporate Family Ratings (CFRs)
and their outlook is stable. HI is a wholly owned subsidiary of
Huntsman Corporation and is the primary issuer of Huntsman's
corporate debt.
Huntsman Corporation is a global manufacturer of differentiated
and commodity chemical products. Huntsman's products are used in a
wide variety of end markets, including aerospace, automotive,
construction, consumer products, electronics, medical, packaging,
coatings, refining and synthetic fibers. Huntsman has revenues of
over US$11 billion.
===========
F R A N C E
===========
CFHL-1 2014: Fitch Assigns 'BBsf' Rating to Class E Notes
---------------------------------------------------------
Fitch Ratings has assigned CFHL-1 2014's notes the following
ratings:
EUR428,000,000 Class A1: 'AAAsf'; Outlook Stable
EUR376,000,000 Class A2: 'AAAsf'; Outlook Stable
EUR33,000,000 Class B: 'AAsf'; Outlook Stable
EUR28,000,000 Class C: 'Asf'; Outlook Stable
EUR19,000,000 Class D: 'BBBsf'; Outlook Stable
EUR23,000,000 Class E: 'BBsf'; Outlook Stable
EUR20,436,498 Subordinated units: not rated
The transaction is a true sale securitization of French
residential loans originated by Credit Foncier de France (CFF;
A/Stable/F1), a wholly owned subsidiary of Groupe BPCE (GBPCE;
A/Stable/F1). Credit enhancement (CE) for the class A1 and A2
notes totals 13.4% of the securitized pool and is provided by the
subordination of junior notes as well as a general reserve funded
with the notes at inception and representing 0.5% of the initial
rated note balance.
KEY RATING DRIVERS
Low LTVs
The pool has a low weighted average (WA) original loan-to-value
ratio of 72.9%, below the levels seen in most French residential
pools analyzed by Fitch. This is atypical for a specialized
lender such as CFF.
Dual Security Types Pool
Loans are either secured by a first-ranking mortgage or a caution
(ie a specific guarantee offered to borrowers by dedicated
financial institutions or insurance companies) from Credit
Logement for 19.2% of the portfolio. Fitch has made particular
assumptions on cautions in its recovery analysis.
Due to stricter origination conditions, loans secured by a caution
tend to perform better than loans secured by a mortgage. The
foreclosure frequency of the loans has been adjusted to reflect
this positive bias, in light of available historical data. Fitch
recovery analysis of these loans depends on the probability that
the guarantor will honor its payment obligation in a stress
scenario. In the absence of a 100% payment by the guarantor,
recoveries are derived partially from the assumed sale of the
financed property and partially from unsecured recoveries.
Issue of Further A2 Notes
After five years, the issuer may issue up to two new series of
class A2 notes, subject to certain conditions, the issue proceeds
of which would be applied to redeem the existing class A2 notes.
The terms and conditions of the new class A2 notes would be
substantially the same as those of the original class A2 notes.
Concentrated Counterparty Exposure
The transaction relies strongly on CFF's creditworthiness, which
fulfils a number of roles (eg servicer and interest rate swap
counterparty) in the transaction. Several structural features are
in place to mitigate, in particular, commingling and liquidity
risks in the transaction.
RATING SENSITIVITIES
Material increases in the frequency of defaults and loss severity
on defaulted receivables could produce loss levels higher than
Fitch's expectations, which in turn may result in potential rating
actions on the notes. If the agency stressed its 'AAA'
assumptions by 30% for both weighted average foreclosure frequency
and recovery rate, it would possibly result in a downgrade of the
class A notes to 'Asf'.
Fitch was provided with loan-by-loan information on the
securitized portfolio as of February 2014. The data fields
included in the pool cut were of good quality.
To analyze CE, Fitch evaluated the collateral using its default
model. The agency assessed the transaction cash flows using
default and loss severity assumptions under various structural
stresses including prepayment speeds and interest rate scenarios.
The cash flow tests showed that each class of notes could
withstand loan losses at a level corresponding to the related
stress scenario without incurring any principal loss or interest
shortfall and can retire principal by the legal final maturity of
April 2058.
===========
G R E E C E
===========
GREECE: Third-Bailout May Be Less Than EUR10 Bil., Minister Says
----------------------------------------------------------------
Reuters, citing German magazine Focus, reports that German finance
minister Wolfgang Schauble reckons a third bailout for Greece will
be less than EUR10 billion, significantly smaller than each of the
previous aid packages.
According to Reuters, after four years of painful measures to
contain debt, two bailouts totaling EUR240 billion and a hit on
private bondholders, the Greek economy is expected to return to
modest growth this year.
Reuters relates that Mr. Schauble, as quoted by the magazine, said
"In 2022, according to the troika's forecasts, Greece's debt will
reach a level that can be described as sustainable so it may be
that Greece will need to make use of limited aid again."
In February, the German media reported that the German government
was preparing for the possibility that the euro zone would have to
support Greece with an extra EUR10 billion to EUR20 billion,
Reuters relays.
=============
I R E L A N D
=============
ALLIED IRISH: Confirms Executive Director Appointment
-----------------------------------------------------
Allied Irish Banks p.l.c. confirmed the appointment of
Mark Bourke, chief financial officer, to its Board as executive
director with immediate effect. Mr. Bourke joined the bank on
May 7, 2014.
About Allied Irish Banks
Allied Irish Banks, p.l.c. -- http://www.aibgroup.com/-- is a
major commercial bank based in Ireland. It has an extensive
branch network across the country, a head office in Dublin and a
capital markets operation based in the International Financial
Services Centre in Dublin. AIB also has retail and corporate
businesses in the UK, offices in Europe and a subsidiary company
in the Isle of Man and Jersey (Channel Islands).
Since the onset of the global and Irish financial crisis, AIB's
relationship with the Irish Government has changed significantly.
As at Dec. 31, 2010, the Government, through the National Pension
Reserve Fund Commission ("NPRFC"), held 49.9% of the ordinary
shares of the Company (the share of the voting rights at
shareholders' general meetings), 10,489,899,564 convertible non-
voting ("CNV") shares and 3.5 billion 2009 Preference Shares. On
April 8, 2011, the NPRFC converted the total outstanding amount of
CNV shares into 10,489,899,564 ordinary shares of AIB, thereby
increasing its holding to 92.8% of the ordinary share capital.
In addition to its shareholders' interests, the Government's
relationship with AIB is reflected through formal and informal
oversight by the Minister and the Department of Finance and the
Central Bank of Ireland, representation on the Board of Directors
(three non-executive directors are Government nominees),
participation in NAMA, and otherwise.
Allied Irish reported a loss of EUR1.59 billion on EUR1.34 billion
of net interest income for the year ended Dec. 31, 2013, as
compared with a loss of EUR3.55 billion on EUR1.10 billion of net
interest income in 2012. Allied Irish incurred a net loss of
$2.32 billion in 2011.
At Dec. 31, 2013, the Company had EUR117.73 billion in total
assets, EUR107.24 billion in total liabilities and EUR10.49
billion in total shareholders' equity.
=========
I T A L Y
=========
CORDUSIO RMBS: Fitch Affirms CCC Rating on Class E Notes
--------------------------------------------------------
Fitch Ratings has affirmed 15 tranches of the Cordusio RMBS series
and downgraded one tranche. The four prime Italian RMBS are
backed by mortgage loans originated by UniCredit S.p.A
(BBB+/Negative/F2).
KEY RATING DRIVERS
Varied Asset Performance
Over the past 12 months, the transactions have reported late stage
arrears (loans with at least three monthly installments overdue)
between 1.5% (Cordusio 2) and 2.3% (Cordusio 4). The pipeline of
cumulative defaults, defined as mortgages in arrears for more than
12 months, is reported between 1.2% (Cordusio 1) and 4.4%
(Cordusio 3) of the original portfolio balance compared with
between 1.1% (Cordusio 1) and 3.8% (Cordusio 3) 12 months ago.
Fitch notes that the more seasoned transactions, Cordusio 1 and 2,
have displayed stable performance, and given their low current
loan-to-value (LTV) ratios of 27% and 30.1%, respectively, it is
expected to remain sound. Hence, the notes have been affirmed.
In contrast, the agency considers that the more volatile
performances of Cordusio 3 and 4 are driven by the higher original
LTV ratios and more adverse pool characteristics. Cordusio 3's
portfolio comprised 92.2% broker-originated mortgages and 17.8%
mortgages granted to foreign borrowers, while exposure to these
borrower groups is slightly lower in Cordusio 4's underlying pool
(62% broker-originated mortgages and 6.2% of mortgages to foreign
borrowers). The more adverse nature of these two portfolios has
led Fitch to assume that of Cordusio 3's performance will remain
weak. This is reflected in the revision of the Outlook to
Negative from Stable on the class C notes and the downgrade of the
class D notes to 'BBB-sf'.
Fitch believes that the Cordusio 4 should experience a more stable
performance given the lower current LTV (41.5%) and less prominent
adverse portfolio characteristics. Therefore, the agency has
revised the Outlook on the class A2, A3 and B notes to Stable.
Reserve Fund Draws
The combination of large pipeline of defaults and insufficient
excess spread has led to severe draws on Cordusio 3's cash
reserve, which is presently at 72% of its target balance, while
Cordusio 4 cash reserve was depleted 12 months ago. Given the
weak performance of Cordusio 3, Fitch expects further draws over
the next months and has therefore downgraded the class D tranche
to 'BBB-sf' and revised the Outlook on the class C notes to
Negative.
RATING SENSITIVITIES
The rating of all senior notes is at the 'AA+sf' cap for Italian
structured finance transactions, which is six notches above the
sovereign's 'BBB+' Long-term Issuer Default Rating. A change in
Italy's sovereign rating could result in rating changes to the
'AA+sf'-rated tranches.
An increase in the proportion of mortgage loans with adverse
characteristics, especially loans granted to foreign borrowers as
well as broker-originated loans due to different amortization
profiles, defaults and buybacks, could result in weaker asset
performance. Should this lead to a deterioration of the
underlying pools' credit quality beyond Fitch's expectations,
negative rating actions could be taken.
The rating actions are as follows:
Cordusio RMBS S.r.l (Cordusio 1):
Class A2 (ISIN IT0003844948): affirmed at 'AA+sf'; Outlook Stable
Class B (ISIN IT0003844955): affirmed at 'AA+sf'; Outlook Stable
Class C (ISIN IT0003844963): affirmed at 'BBB+sf'; Outlook Stable
Cordusio RMBS 2 S.r.l (Cordusio 2):
Class A2 (ISIN IT0004087174): affirmed at 'AA+sf'; Outlook Stable
Class B (ISIN IT0004087182): affirmed at 'AAsf'; Outlook Stable
Class C (ISIN IT0004087190): affirmed at 'BBB+sf'; Outlook
Negative
Cordusio RMBS 3 - UBCasa 1 S.r.l. (Cordusio 3)
Class A2 (ISIN IT0004144892): affirmed at 'AA+sf'; Outlook Stable
Class B (ISIN IT0004144900): affirmed at 'AAsf'; Outlook Stable
Class C (ISIN IT0004144934): affirmed at 'A+sf'; Outlook revised
to Negative from Stable
Class D (ISIN IT0004144959): downgraded to 'BBB-sf' from 'BBB+sf';
Outlook Negative
Cordusio RMBS Securitisation S.r.l. - Series 2007 (Cordusio 4):
Class A2 (IT0004231236): affirmed at 'AA+sf'; Outlook revised to
Stable from Negative
Class A3 (IT0004231244): affirmed at 'AA+sf'; Outlook revised to
Stable from Negative
Class B (IT0004231285): affirmed at 'AA-sf'; Outlook revised to
Stable from Negative
Class C (IT0004231293): affirmed at 'Asf'; Outlook Negative
Class D (IT0004231301): affirmed at 'BBsf'; Outlook Negative
Class E (IT0004231319): affirmed at 'CCCsf'; Recovery Estimate
revised to 80% from 0%
=================
M A C E D O N I A
=================
SKOPJE MUNICIPALITY: S&P Affirms BB- ICR; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' issuer
credit rating on the Macedonian capital, the Municipality of
Skopje. The outlook is stable.
RATIONALE
The ratings on Skopje are constrained, in S&P's view, by the
developing and unbalanced institutional framework under which it
operates; negative financial management; its low wealth levels and
weak economy; and its limited budgetary flexibility.
What S&P views as its relatively large contingent liabilities also
constrain the rating. Municipal companies in Skopje have been
performing weakly and their exposure to liabilities incurred
within private-public partnership projects is set to rise.
S&P currently views the city's liquidity position as neutral for
the rating, but it is gradually increasing its use of cash
reserves to fund its capital program. As a result, Skopje's free
cash available will likely fall short of its rising annual debt
service, a constraint that the city partly offsets with ample
liquidity lines. The rating is supported by Skopje's strong
operating performance. Its tax-supported debt remains low, but is
gradually increasing.
Skopje's revenue and expenditure flexibility remains limited by
the central government's control over municipalities' finances
within the context of the developing and unbalanced institutional
framework under which Macedonian municipalities operate. A high
proportion of revenues still depends on central government
decisions, such as setting the base or range for most local tax
rates.
The volatility of the real estate market further constrains the
predictability of the municipality's budgetary performance. About
one-third of Skopje's revenues come both directly and indirectly
from real estate sales. Given that general election in Macedonia
has likely affected investment activity in the city, S&P expects
property taxes to stagnate in 2014.
In S&P's view, the municipality lacks medium-term financial
planning and its annual budgeting is over-optimistic, leading it
to view its financial management as negative for the rating.
Nevertheless, the city government has a tight grip on operating
spending, and has already arranged funding from multilateral
financial institutions directly and via the state treasury.
Skopje's wealth levels are well below the international average.
Based on S&P's calculations, its GDP per capita was about
Macedonian denar (MKD) 345,000 (about US$7,560) in 2013.
Nevertheless, S&P expects the local economy to gradually expand,
achieving annual GDP growth of about 2.75% over the next three
years.
Steady economic development and the city's tight control over
operating spending will, in S&P's view, support Skopje's operating
budget performance. Nevertheless, the projected stagnation of
property-related taxes and fees will likely weaken the city's
budgetary performance. As a percentage of operating revenues,
operating surplus is set to fall to about a still-strong 16.0% in
2014 before increasing to 16.5% in 2015-2016 compared with 21.5%
in 2011-2013.
Skopje has delayed the implementation of infrastructure projects.
As a result, its debt has accumulated more gradually than S&P
previously expected. Nevertheless, in S&P's base-case scenario it
assumes that the city's investment in transport infrastructure and
real estate will cause its deficit after capital accounts to stay
at about 7.1% of revenues in 2014-2016 compared with 6.9% in 2012-
2013, leading to steady debt growth.
The central government has only recently allowed Macedonian
municipalities to take on debt, and borrowing limits are
increasingly being relaxed. S&P forecasts Skopje's tax-supported
debt will increase to a still-moderate 40% of consolidated
operating revenues by year-end 2016 in our base-case scenario.
Skopje's municipal company sector constitutes a credit weakness,
in S&P's view. Several municipal companies have investment needs
and large payables, although these are set to decrease.
Additional contingent liabilities may come from the municipality's
plans to foster infrastructure development through private-public
partnerships.
Liquidity
S&P regards Skopje's liquidity as a neutral factor for the rating.
Although S&P assumes the city will be able to cover its annual
debt service using cash and committed facilities, its access to
external liquidity will, in S&P's view, remain limited.
S&P expects the city's average cash holding, adjusted for the
deficit after capital accounts, to cover about 25% of debt service
falling due over the next 12 months. Skopje holds its cash in an
account at the state treasury. The city also has access to
undrawn facilities from domestic banks and multilateral financial
organizations, as well as state-delegated cash earmarked for the
renovation of facades in downtown Skopje. Combined with the
city's readily available cash, this will exceed the city's annual
debt service by a comfortable 2x.
Ample cash reserves are mitigated by the city's access to external
liquidity, which S&P views as uncertain owing to the relatively
immature local banking system and capital markets for municipal
debt.
OUTLOOK
The stable outlook reflects S&P's expectations that the city will
retain control of operating expenditure and fund its investment
projects through borrowing, thereby preserving its sound operating
surplus and cash holding.
S&P could lower the rating on Skopje within the next 12 months if
its liquidity position becomes structurally weaker. As S&P's
downside scenario indicates, relaxed control of operating spending
and increased investments would weaken the city's budgetary
performance and cause the deficit after capital accounts to exceed
10% of revenues.
If S&P was to raise the rating on the Republic of Macedonia, it
could raise the rating on Skopje within the next 12 months if it
met the assumptions embedded in S&P's upside scenario. These
include higher revenues from property taxes and fees for
construction land paving the way for stronger budgetary
performance, deficits below 5% of revenues, lower debt burden, and
a build-up of cash reserves that exceeded annual debt service.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee by
the primary analyst had been distributed in a timely manner and
was sufficient for Committee members to make an informed decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts. The chair
ensured every voting member was given the opportunity to
articulate his/her opinion. The chair or designee reviewed the
draft report to ensure consistency with the Committee decision.
The views and the decision of the rating committee are summarized
in the above rationale and outlook.
RATINGS LIST
Ratings Affirmed
Skopje (Municipality of)
Issuer Credit Rating BB-/Stable/--
=====================
N E T H E R L A N D S
=====================
CADOGAN SQUARE: Moody's Affirms Ba3 Rating on EUR10.3MM Notes
-------------------------------------------------------------
Moody's Investors Service announced that it has upgraded the
ratings on the following notes issued by Cadogan Square CLO B.V.:
EUR33.2M Class B Senior Secured Floating Rate Notes due 2022,
Upgraded to Aaa (sf); previously on Apr 16, 2013 Upgraded to Aa2
(sf)
EUR31.2M Class C Senior Secured Deferrable Floating Rate Notes
due 2022, Upgraded to Aa3 (sf); previously on Apr 16, 2013
Upgraded to A3 (sf)
Moody's also affirmed the ratings on the following notes issued by
Cadogan Square CLO B.V.:
EUR185M (currently EUR77.5M outstanding) Class A-1 Senior Secured
Floating Rate Notes due 2022, Affirmed Aaa (sf); previously on Apr
16, 2013 Affirmed Aaa (sf)
EUR120.7M (currently EUR50.6M outstanding) Class A-2 Senior
Secured Floating Rate Notes due 2022, Affirmed Aaa (sf);
previously on Apr 16, 2013 Affirmed Aaa (sf)
EUR27.4M Class D Senior Secured Deferrable Floating Rate Notes
due 2022, Affirmed Ba1 (sf); previously on Apr 16, 2013 Affirmed
Ba1 (sf)
EUR10.3M Class E Senior Secured Deferrable Floating Rate Notes
due 2022, Affirmed Ba3 (sf); previously on Apr 16, 2013 Affirmed
Ba3 (sf)
Cadogan Square CLO B.V., issued in December 2005, is a
Collateralised Loan Obligation ("CLO") backed by a portfolio of
mostly senior secured European loans. The portfolio is managed by
Credit Suisse International. This transaction passed its
reinvestment period in February 2012.
Ratings Rationale
The upgrade to the ratings on the Class B and Class C notes is
primarily a result of a significant amount of amortization of the
underlying portfolio on the payment date in February 2014, where
EUR30.2 million (or approximately 10% of its original balance) was
used to redeem the Class A notes.
As a result of the deleveraging, over-collateralization of the
senior notes has increased. As of the trustee's April 2014 report,
the Class B had an over-collateralization ratio of 154.12%,
compared with 143.87% three months ago, and the Class C had an
over-collateralization ratio of 129.14%, compared with 123.72%.
Further, the over-collateralization ratio of the Class B notes has
increased by 13.28%, and that of the Class C notes, by 4.73%, over
the last 12 months.
The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. In its base
case, Moody's analyzed the underlying collateral pool as having a
performing par and principal proceeds balance of approximately
EUR241 million, defaulted par of EUR18.1 million, a weighted
average default probability of 22.9% (consistent with a WARF of
3299 with a weighted average life of 4.1 years), a weighted
average recovery rate upon default of 47.98% for a Aaa liability
target rating, a diversity score of 25 and a weighted average
spread of 4.33%.
In its base case, Moody's addresses the exposure to obligors
domiciled in countries with local currency country risk bond
ceilings (LCCs) of A1 or lower. Given that the portfolio has
exposures to 4.1% of obligors in Italy, whose LCC is A2 and 8.95%
in Spain, whose LCC is A1, Moody's ran the model with different
par amounts depending on the target rating of each class of notes,
in accordance with Section 4.2.11 and Appendix 14 of the
methodology. The portfolio haircuts are a function of the exposure
to peripheral countries and the target ratings of the rated notes,
and amount to 1.23% for the Class A-1, A-2 and B notes, 0.77% for
the Class C notes and 0% for the Class D and Class E notes.
The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. For a Aaa liability target rating, Moody's
assumed that 94.2% of the portfolio exposed to senior secured
corporate assets would recover 50% upon default, while the
remainder non first-lien loan corporate assets would recover 15%.
In each case, historical and market performance and a collateral
manager's latitude to trade collateral are also relevant factors.
Moody's incorporates these default and recovery characteristics of
the collateral pool into its cash flow model analysis, subjecting
them to stresses as a function of the target rating of each CLO
liability it is analyzing.
Methodology Underlying the Rating Action:
The principal methodology used in this rating was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
February 2014.
Factors that would lead to an upgrade or downgrade of the rating:
In addition to the base-case analysis, Moody's conducted
sensitivity analyses on the key parameters for the rated notes,
for which it assumed a lower credit quality in the portfolio to
address refinancing risk. Loans to European corporates rated B3 or
lower and maturing between 2014 and 2015 make up approximately
6.96% of the portfolio, which could make refinancing difficult.
Moody's ran a model in which it raised the base case WARF to 3484
by forcing ratings on 50% of the refinancing exposures to Ca; the
model generated outputs that were within one notch of the base-
case results.
This transaction is subject to a high level of macroeconomic
uncertainty, which could negatively affect the ratings on the
note, in light of 1) uncertainty about credit conditions in the
general economy and 2) the concentration of lowly- rated debt
maturing between 2014 and 2015, which may create challenges for
issuers to refinance. CLO notes' performance may also be impacted
either positively or negatively by 1) the manager's investment
strategy and behavior and 2) divergence in the legal
interpretation of CDO documentation by different transactional
parties due to because of embedded ambiguities.
Additional uncertainty about performance is due to the following:
1) Portfolio amortization: The main source of uncertainty in this
transaction is the pace of amortization of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortization could accelerate as a consequence of high loan
prepayment levels or collateral sales by the collateral manager or
be delayed by an increase in loan amend-and-extend restructurings.
Fast amortization would usually benefit the ratings of the notes
starting with the notes having the highest prepayment priority.
2) Recovery of defaulted assets: Market value fluctuations in
trustee-reported defaulted assets and those Moody's assumes have
defaulted can result in volatility in the deal's over-
collateralization levels. Further, the timing of recoveries and
the manager's decision whether to work out or sell defaulted
assets can also result in additional uncertainty. Moody's analyzed
defaulted recoveries assuming the lower of the market price or the
recovery rate to account for potential volatility in market
prices. Recoveries higher than Moody's expectations would have a
positive impact on the notes' ratings.
3) Around 30% of the collateral pool consists of debt obligations
whose credit quality Moody's has been assessed by using credit
estimates.
In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision
DUTCH MORTGAGE: Fitch Assigns 'BB-' Rating to Class B Notes
-----------------------------------------------------------
Fitch Ratings has assigned Dutch Mortgage Portfolio Loans XII
B.V.'s mortgage-backed notes final ratings, as follows:
EUR197,000,000 class A1 floating-rate notes: 'AAAsf'; Outlook
Stable
EUR610,300,000 class A2 floating-rate notes: 'AAAsf'; Outlook
Stable
EUR79,900,000 class B fixed-rate notes: 'BB-sf'; Outlook Stable
EUR8,900,000 class C fixed-rate notes: not rated
The EUR896m transaction is a true sale securitization of mortgage
loans originated in the Netherlands by Achmea Hypotheekbank NV
(AHB) and some of its predecessors, which were subsequently sold
to Dutch Mortgage Portfolio Loans XII B.V.
Credit enhancement (CE) for the class A notes is 10%, provided by
the subordination of the class B notes (9%) and a non-amortizing
reserve fund equal to 1.0%, fully funded at closing.
KEY RATING DRIVERS
Well-Seasoned Portfolio
The transaction is backed by a nine-year seasoned non-revolving
portfolio of prime residential mortgage loans with a relatively
low weighted-average (WA) original loan-to-market-value of 75.15%
and a WA debt-to-income ratio of 24.66%. The purchase of further
advances into the pool is not permitted after closing.
Group Employee Loans
Of the pool, 10.28% comprises mortgages granted to employees of
Achmea Interne Diensten, a subsidiary of Achmea B.V. Fitch
increased the probability of default for these borrowers as a
default of the seller could pose additional default risk to these
borrowers, since AHB's staff are operationally employed by Achmea
Interne Diensten. Fitch received a legal opinion stating that the
possibility of these borrowers invoking set-off defenses against
the seller is unlikely as the two entities are legally separated.
As such, the agency has not sized for set-off risk.
Deposit Set-Off Risk
On completion of the merger of AHB with its sister company Achmea
Retail Bank, the transaction will be exposed to deposit set-off
risk. Fitch has taken into account the risk of set-off for loans
with a deposit above the minimum guaranteed amount of EUR100,000,
although this is limited to only 0.08% of the pool.
Partially-Hedged Transaction
The issuer entered into a swap agreement with Deutsche Bank AG
(A+/Negative/F1+) to hedge the mismatch between the fixed-rate
mortgages and the floating-rate class A1 and A2 notes. The class
B notes are not included in the swap although this is mitigated by
the existence of a natural hedge from the fixed rate loans in the
pool (85.46%).
Strong Performance of Series
The level of three-month+ arrears and cumulative losses has
remained low for the existing Dutch Mortgage Portfolio Loans
transactions and the series is currently performing well compared
with the Dutch prime RMBS market.
RATING SENSITIVITIES
Material increases in the frequency of defaults and loss severity
on defaulted receivables could produce loss levels higher than
Fitch's base case expectations, which in turn may result in
potential rating actions on the notes. In Fitch's analysis, a 30%
increase in the WA foreclosure frequency along with a 30% decrease
in the WA recovery rate may result in a downgrade of the class A
notes' rating to 'AA+sf'.
For its ratings analysis, Fitch received a data template with all
fields fully completed.
Fitch reviewed the results of an agreed upon procedures (AUP)
report conducted on the portfolio. An increased amount of
findings were shown with respect to "Property Original Valuation",
although this was driven by an administrative change in 2013 when
Achmea switched from reporting foreclosure value to market value.
Due to the relative small sample size checked and the fact that
mortgage documentation is only checked for completeness rather
than accuracy of information, the scope of the AUP report differs
from audit standards Fitch generally sees for Dutch RMBS
transactions. Fitch has made conservative adjustments in its
asset analysis to account for this.
The agency assessed the transaction cash flows using default and
loss severity assumptions under various structural stresses
including prepayment speeds and interest rate scenarios. The cash
flow tests showed that each class of notes could withstand loan
losses at a level corresponding to the related stress scenario
without incurring any principal loss or interest shortfall and can
retire principal by the legal final maturity.
E-MAC NL 2004-II: S&P Affirms CCC Rating on Class E Notes
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed and removed from
CreditWatch negative its credit ratings on E-MAC NL 2004-II B.V.'s
class A, B, and C notes. At the same time, S&P has affirmed its
ratings on the class D and E notes.
The rating actions reflect the application of S&P's current
counterparty criteria following the transaction's counterparty-
related remedy actions.
On Nov. 25, 2013, S&P placed on CreditWatch negative its ratings
on the class A to C notes following the lowering of its long- and
short-term issuer credit rating (ICR) on The Royal Bank of
Scotland PLC. Previously, S&P's long-term ICR on RBS as the
liquidity facility and guaranteed investment contract (GIC)
provider constrained its ratings on the notes because the
documentation was not in line with S&P's current counterparty
criteria.
Bank Nederlandse Gemeenten N.V. has since replaced RBS as the
transaction's GIC account and liquidity facility provider. ABN
AMRO Bank N.V. is now the transaction's collection foundation
account provider, while RBS remains the swap provider. The swap
documentation now reflects S&P's current counterparty criteria.
However, the transaction's documented collateral posting
requirements limit S&P's maximum potential ratings in this
transaction at 'A+ (sf)' under its criteria.
Total and 90+ day delinquencies have increased since June 2013.
Total arrears increased from 1.80% to 2.04%, while 90+ day
delinquencies increased to 1.35% from 1.29%. Given Dutch
macroeconomic indicators and S&P's expectation that unemployment
will increase further in 2014, it has projected additional arrears
of 0.63% in this transaction. Ongoing house price declines led
S&P to raise its weighted-average loss severity (WALS) assumptions
for this transaction. Generally, S&P's loan-to-value ratios for
this transaction are lower than other comparable Dutch
transactions.
WAFF AND WALS
ASSUMPTIONS
(%) WAFF WALS Credit coverage
AAA 14.19 25.74 3.65
AA 11.03 22.44 2.48
A 7.81 18.14 1.42
BBB 5.12 15.54 0.80
BB 3.58 11.59 0.41
The transaction's nonamortizing reserve fund remains fully funded
and provides 1.46% credit enhancement for the rated notes. As the
transaction's conditions for targeted amortization are currently
not satisfied, the transaction is amortizing sequentially.
However, it has recently switched between pro rata and sequential
amortization frequently, as the actual level of 60+ days
delinquencies has fluctuated around the 1.50% trigger. Pro-rata
amortization in previous periods has limited the build-up of
credit enhancement, particularly for the class A notes, compared
with sequential amortization. Nevertheless, due to a
nonamortizing reserve fund, available credit enhancement has
increased slightly for the class B, C, and D notes since S&P's
previous review on July 31, 2013.
Although the transaction's arrears performance has somewhat
weakened since S&P's previous review, following the application of
its current counterparty criteria, S&P considers the available
credit enhancement for the class A, B, C, D, and E notes to be
commensurate with our currently assigned ratings. S&P has
therefore affirmed and removed from CreditWatch negative its
ratings on the class A, B, and C notes. At the same time, S&P has
affirmed its ratings on the class D and E notes.
STANDARD & POOR'S 17G-7 DISCLOSURE REPORT
SEC Rule 17g-7 requires an NRSRO, for any report accompanying a
credit rating relating to an asset-backed security as defined in
the Rule, to include a description of the representations,
warranties and enforcement mechanisms available to investors and a
description of how they differ from the representations,
warranties and enforcement mechanisms in issuances of similar
securities. The Rule applies to in-scope securities initially
rated (including preliminary ratings) on or after Sept. 26, 2011.
If applicable, the Standard & Poor's 17g-7 Disclosure Report
included in this credit rating report is available at:
http://standardandpoorsdisclosure-17g7.com
RATINGS LIST
E-MAC NL 2004-II B.V.
EUR613.05 mil mortgage-backed floating-rate notes
Rating
Class Identifier To From
A XS0207208165 A+ (sf) A+ (sf)/Watch Neg
B XS0207209569 A+ (sf) A+ (sf)/Watch Neg
C XS0207210906 A (sf) A (sf)/Watch Neg
D XS0207211037 BBB (sf) BBB (sf)
E XS0207264077 CCC (sf) CCC (sf)
NORTH WESTERLY: S&P Lowers Rating on Class E Notes to CCC
---------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
North Westerly CLO III B.V.'s class A and B notes. At the same
time, S&P has lowered its ratings on the class C, D, and E notes,
and the class Q combination notes.
The rating actions follow S&P's credit and cash flow analysis of
the transaction using data from the trustee report dated April 1,
2014 and the application of its relevant criteria.
S&P conducted its cash flow analysis to determine the break-even
default rate (BDR) for each rated class of notes. The BDR
represents S&P's estimate of the maximum level of gross defaults,
based on its stress assumptions, that a tranche can withstand and
still fully repay the noteholders. S&P used the portfolio balance
that it considers to be performing, the reported weighted-average
spread, and the weighted-average recovery rates that S&P
considered to be appropriate. S&P applied various cash flow
stress scenarios using its standard default patterns, levels, and
timings for each rating category assumed for each class of notes,
combined with different interest stress scenarios as outlined in
S&P's criteria.
S&P's review of the transaction highlights that the class A notes
have significantly amortized from EUR279 million to EUR107 million
since S&P's previous review on July 4, 2012. This has resulted in
higher available credit enhancement for the class A, B and C
notes. The results of our cash flow analysis indicate that the
class A notes can sustain defaults at a rating level that is
higher than the currently assigned level (following the
application of our nonsovereign ratings criteria and the stresses
that S&P applies to non-euro-denominated collateral). S&P's cash
flow results show that the available credit enhancement for the
class A notes is commensurate with a 'AAA(sf)' rating. S&P has
therefore raised to 'AAA (sf)' from 'AA- (sf)' its rating on the
class A notes.
Partly due to the class A notes' amortization, S&P considers the
available credit enhancement for the class B notes to be
commensurate with a higher rating than previously assigned. S&P
has therefore raised to 'A+ (sf)' from 'A- (sf)' its rating on the
class B notes.
"Our cash flow results indicate that the available credit
enhancement for the class C notes is commensurate with the
currently assigned 'BBB- (sf)' rating. However, the largest
obligor test constrains our rating on this class of notes at 'BB+
(sf)'. We have therefore lowered to 'BB+ (sf)' from 'BBB- (sf)'
our rating on the class C notes. The largest obligor test
measures the risk of several of the largest obligors within the
portfolio defaulting simultaneously. We introduced this
supplemental stress test in our 2009 criteria update for corporate
collateralized debt obligations (CDOs)," S&P said.
"Under our cash flow analysis, the class D and E notes' BDRs pass
their scenario default rates (SDRs) at their currently assigned
ratings. The SDR is the minimum level of portfolio defaults that
we expect each CDO tranche to be able to support the specific
rating level using Standard & Poor's CDO Evaluator. However, the
application of the largest obligor default test constrains our
ratings on these classes of notes due to the amortizing
portfolio's concentration risk. We have therefore lowered to 'B-
(sf)' from 'BB+ (sf)' and to 'CCC (sf)' from 'B+ (sf)' our ratings
on the class D and E notes, respectively," S&P added.
"Finally, the class Q combination notes comprise class D and E
notes in equal proportions. They have benefited from the interest
payments of both classes of notes and the partial amortization of
the class E notes as their rated balance has decreased to EUR3.7
million from EUR7.0 million. As the application of the largest
obligor default test constrains our ratings on class D notes to
'B- (sf)' and the payment of interest and principal of class Q
combination notes is dependent on the class D notes, we have
lowered our rating on the class Q combination notes to our rating
on the class D notes," S&P noted.
North Westerly CLO III is a cash flow collateralized loan
obligation (CLO) transaction that securitizes loans to primarily
speculative-grade corporate firms.
STANDARD & POOR'S 17G-7 DISCLOSURE REPORT
SEC Rule 17g-7 requires an NRSRO, for any report accompanying a
credit rating relating to an asset-backed security as defined in
the Rule, to include a description of the representations,
warranties, and enforcement mechanisms available to investors and
a description of how they differ from the representations,
warranties, and enforcement mechanisms in issuances of similar
securities. The Rule applies to in-scope securities initially
rated (including preliminary ratings) on or after Sept. 26, 2011.
If applicable, the Standard & Poor's 17-g7 Disclosure Report
included in this credit rating report is available at:
http://standardandpoorsdisclosure-17g7.com
RATINGS LIST
North Westerly CLO III B.V.
EUR432.8 mil secured floating-rate notes
Rating
Class Identifier To From
A 66332LAD5 AAA (sf) AA- (sf)
B 66332LAE3 A+ (sf) A- (sf)
C 66332LAC7 BB+ (sf) BBB- (sf)
D 66332LAB9 B- (sf) BB+ (sf)
E 66332LAA1 CCC (sf) B+ (sf)
Q Combo XS0261654585 B- (sf) B+ (sf)
===========
R U S S I A
===========
ABSOLUT BANK: Moody's Confirms B1 Deposit Ratings; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service has confirmed the B1 long-term local-
and foreign-currency deposit ratings of Absolut Bank (Russia). The
outlook on the long-term deposit ratings is stable.
The ratings confirmation concludes the bank's ratings review
initiated by Moody's on January 23, 2014 following the official
announcement that Absolut Bank had commenced a merger with its
sister KIT Finance Bank (unrated). The merger was completed on 19
April 2014.
Absolut Bank's standalone bank financial strength rating (BFSR) of
E+ (equivalent to a baseline credit assessment (BCA) of b1), as
well as its Not Prime short-term local- and foreign-currency
deposit ratings, were not subject to the rating review and they
are affirmed at their current levels with stable outlook on the
BFSR.
Moody's assessment is primarily based on Absolut Bank's and KIT
Finance Bank's audited financial statements for 2013 prepared
under IFRS, as well as Absolut Bank's post-merger unaudited
financial statements as at May 1, 2014 prepared under local GAAP.
Ratings Rationale
Moody's confirmation of Absolut Bank's B1 deposit ratings, with
stable outlook, reflects the rating agency's opinion that the
majority of the bank's key financial metrics -- namely, its asset
quality, profitability and liquidity -- have not deteriorated in
the aftermath of the bank's merger with KIT Finance Bank. Moody's
notes that the merger resulted in weakening of Absolut Bank's
capital levels, however, this metric is still in line with b1 BCA.
The rating agency explained that prior to the merger with Absolut
Bank, KIT Finance Bank's loan book had been cleaned up and a large
proportion of problem loans written-off from the bank's balance
sheet. As a result, Moody's estimates for the merged bank that the
ratio of problem loans to total gross loans (the problem loans
defined as individually impaired loans) remains below 5%,
generally in line with Absolut Bank's pre-merger ratio of 4.4%
reported as at year-end 2013 and better than sector-average
problem loans ratio.
The rating agency expects a continuation in improvements in
Absolut Bank's profitability metrics following its merger with KIT
Finance Bank owing to economies of scale and strengthened revenue
generation. The bank's management targets a cost-to-income ratio
of less than 70% in 2014 (down from a very poor 98% in 2012 and a
weak 85% in 2013), which is achievable, in Moody's view.
In Moody's opinion, Absolut Bank's post-merger funding and
liquidity profile is comfortable, with corporate loans being fully
funded by core customer deposits, whereas retail loan
book -- dominated by mortgage loans with longer tenors -- is
mostly funded by medium- to long-term domestic bonds including
plain vanilla instruments and mortgage-backed securities.
The statutory total and core capital adequacy ratios (CARs) of the
merged bank of 12.5% and 10.5%, respectively, reported at May 1,
2014, are generally in line with the 12.65% and 12.45% ratios
reported by Absolut Bank at 1 April 2014, prior to the merger.
However, the combined bank's capital levels are weighed down by a
sizeable investment in real estate property acquired as a result
of the merger: this investment accounted for just under 25% of the
combined bank's total statutory capital at May 1, 2014. In case of
any protracted pressure on capital on the part of this investment
or as a result of negative operating conditions, the rating agency
derives some comfort from the ultimate shareholder's commitment to
maintain Absolut Bank's statutory total CAR at no less than 11.5%
and its allotment of RUB3 billion to be injected into Absolut Bank
in the next 12-18 months, if required.
What Could Move The Ratings Up/Down
Absolut Bank's standalone E+ BFSR and B1 deposit ratings currently
have low upward potential. For the rating upgrade to be warranted,
the bank would need to demonstrate sustainable improvements in its
profits generation and operating efficiency, while at the same
time preserving robust asset quality and good capital and
liquidity buffers. Successful resolution of Absolut Bank's non-
core investment in real estate (presumably through its sale) would
form another necessary condition for any upward movement of the
bank's ratings.
Absolut Bank's deposit ratings may be downgraded, or the rating
outlook could be changed to negative, if Moody's observes a
substantial weakening of the bank's financial metrics, as a result
of any failure to reduce costs and improve profits generation, or
as a result of an increasing credit risk appetite which could lead
to an increase in provisioning charges. Furthermore, any increase
in Absolut Bank's non-core investments, as a proportion of
capital, could also exert negative pressure on the bank's ratings.
Principal Methodology
The principal methodology used in this rating was Global Banks
published in May 2013.
Headquartered in Moscow, Russia, Absolut Bank reported -- after
its merger with KIT Finance Bank -- total assets of US$5.1 billion
and total equity of US$690 million, according to unaudited
financial statements as of May 1, 2014 prepared under local GAAP.
Absolut Bank is controlled by a group of Russian companies
managing assets of Russia's Non-State Pension Fund
"Blagosostoyanie" (not rated), one of the largest non-state
pension funds in Russia with own assets amounting to US$10.2
billion as at January 1, 2014.
===========
T U R K E Y
===========
ARAP TURK: Fitch Assigns 'BB-' Long-Term IDRs; Outlook Stable
-------------------------------------------------------------
Fitch Ratings has assigned Turkey's Arap Turk Bankasi A.S. (A&T
Bank) Long-term local and foreign currency Issuer Default Ratings
(IDRs) of 'BB-' with a Stable Outlook.
KEY RATING DRIVERS
The bank's IDRs and National Rating are driven by its standalone
financial strength, as measured by the 'bb-' Viability Rating
(VR). The VR reflects A&T Bank's small size, high concentrations
on both sides of the balance sheet and its niche franchise.
However, it also considers the bank's mostly reasonable financial
metrics and extended track record of fairly stable performance.
The bank's specialization is cross-border business with MENA
countries and, in particular, Libya. A&T Bank provides a wide
range of trade finance services and also lends directly to a
client base of around 400, mainly well established Turkish
companies. Concentrations in lending are high but the bank has a
long track record of minimal credit losses. A&T Bank is largely
financed by attractively priced funding obtained from Libyan
Foreign Bank (LFB), its 62% owner. LBF is wholly-owned by Libya's
Central Bank.
Capital adequacy ratios are considered quite modest given the
bank's risk profile. Discussions regarding a capital increase to
be subscribed by LFB have long been ongoing but so far without
result. If approved, expansion plans are fairly ambitious. Fitch
would have reservations about the bank's ability to successfully
diversify activities away from its core business niche, although
management is not currently planning a sharp change of focus.
A&T Bank's other shareholders are Turkiye Is Bankasi (Is Bank;
BBB/Stable) with 21%, T.C. Ziraat Bankasi (BBB-/Stable) 15%, and
Kuwait Investment Company with around 2%. Fitch does not assign
ratings to either LFB or the Libyan sovereign, and so does not
factor any support from LFB into A&T Bank's ratings.
At the same time, Fitch acknowledges the track record of support
from LFB, which provides stable and attractively priced funding to
A&T Bank, appoints key senior management and is instrumental in
introducing business to its subsidiary. LFB controls a large
number of subsidiaries in Europe and MENA countries and Fitch
believes that support in the form of funding and business
introductions is commonly provided to such banks.
RATING SENSITIVITIES
The bank's IDRs and National Rating are sensitive to a change in
the VR. The bank's VR could be downgraded in case of (i) a change
in the political and economic environment in Libya depressing
business flows and the quality of the bank's assets; (ii) a
reduction of the bank's strategic importance to LFB, evidenced by
a withdrawal of funding or business or both; or (iii) a
substantial deterioration in asset quality. However, these
scenarios do not represent Fitch's base case. Upside potential for
the ratings is limited given the bank's limited franchise,
dependence on parent funding and exposure to the Libyan market.
The rating actions are as follows:
Long-term foreign and local currency IDRs assigned at 'BB-';
Outlook Stable
Short-term foreign and local currency IDRs assigned at 'B'
Viability Rating assigned at 'bb-'
Support Rating assigned at '5'
Support Rating Floor assigned at 'No Floor'
National Long-term Rating assigned at 'A+(tur)'; Outlook Stable
TURK EXIMBANK: S&P Affirms 'BB+/B' Ratings; Outlook Negative
------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed the 'BB+'
long-term and 'B' short-term foreign currency ratings on Export
Credit Bank of Turkey (Turk Eximbank). S&P also affirmed the
local currency credit ratings on the bank at 'BBB/A-2'. The
outlook is negative.
The ratings on Turk Eximbank are equalized with those on its sole
owner, the Republic of Turkey. They reflect Standard & Poor's
opinion that there is an "almost certain" likelihood that the
Turkish government would provide timely and sufficient
extraordinary support to Turk Eximbank in case of financial
distress. In accordance with S&P's criteria for government-
related entities (GREs), its rating approach for Turk Eximbank is
based on its view of the bank's:
-- "Critical" role in supporting Turkish exports, which is a
key factor of national economic development; and
-- "Integral" link with the Turkish government through sole
sovereign ownership, government control of the board of
directors, and a guarantee on the ultimate recovery of
losses on the bank's sovereign lending.
Turk Eximbank is the official state export credit agency. It has
been mandated to support foreign trade and Turkish contractors and
investors operating abroad, through credit, guarantee, and
insurance programs. The bank does not compete, but works closely,
with commercial banks, encouraging them to increase their support
for the export sector. As well as offering direct lending, the
bank also provides insurance and guarantees to Turkish exporters.
Turk Eximbank moved its headquarters to Istanbul in December 2012
to be closer to the majority of the Turkish exporters with which
it works.
Various bodies govern Turk Eximbank. The highest-ranked is the
Supreme Advisory and Credit Guidance Committee, which is chaired
by the state minister in charge of the bank's activities
(currently the deputy prime minister). The committee is the main
decision-making authority for developing the bank's strategy, and
sets limits for credit, guarantees, and insurance transactions.
The state minister in charge of the bank's activities selects the
board of directors. The bank's general manager is named by a
decree signed by the same state minister in charge of the bank's
activities, the prime minister, and the Turkish president.
"In our opinion, strong government support for Turk Eximbank is
also evident from repeated capital contributions to the bank's
equity base. These have been either directly paid-in capital or
retained earnings that are managed by the bank and incorporated
into its total shareholder funds. By April 2014, paid-in capital
from the government totaled Turkish lira (TRY) 2.4 billion, up
from TRY1.3 billion at end-2008. The most recent capital
contribution was TRY200 million in April 2014. Further to the
contributions to paid-in capital, the Turkish treasury gives the
bank additional money from designated funds. If requested, the
treasury would support Turk Eximbank's funding efforts by
guaranteeing the bank's borrowings abroad," S&P said.
As a 100% state-owned wholesale bank, Turk Eximbank does not
accept deposits. However, in recent years it has diversified
funding. In 2011, Turk Eximbank raised funds through a number of
bilateral loans from international banks as well as the World Bank
and the European Investment Bank. In addition, it has raised
US$500 million by issuing a fixed-coupon Eurobond maturing in five
years, and a further US$500 million from a seven-year fixed-coupon
Eurobond the bank issued in April 2012. Turk Eximbank retapped
this bond in October 2012, bringing the total to US$750 million
and the overall outstanding Eurobonds amount to US$1,250 million.
Turk Eximbank borrows only in foreign currency in capital markets.
The capital adequacy ratio (CAR) under Basel II methodology was
26.2% at year-end 2013, slightly above the previous year's level
of 25.1%. The bank has maintained high capital ratios despite a
rapid expansion of its balance sheet, with assets growing 60% in
2013 to TRY24.8 billion.
Turk Eximbank also has access to funding from the Central Bank of
the Republic of Turkey. It borrows in Turkish lira from the
central bank and repays in foreign currency, contributing to the
accumulation of the country's foreign reserves.
S&P currently do not anticipate any changes either in the
underlying role of Turk Eximbank for the national economy nor in
the close links with the Turkish state.
The negative outlook on Turk Eximbank mirrors that on the Republic
of Turkey. As long as the government continues to provide
support, any change in the ratings on Turkey will likely result in
a similar rating action on Turk Eximbank. Conversely, any change
in our assessment of Turk Eximbank's critical role for, and
integral link with, the government could lead us to consider
lowering the ratings on Turk Eximbank below those on Turkey.
===========================
U N I T E D K I N G D O M
===========================
HARRISON LEISURE: Recession Prompts Administration
--------------------------------------------------
Clare Burnett at Bdaily reports that Harrison Leisure Ltd. has
gone into administration after being unable to weather the
recession following the opening of a Burger King franchise.
According to Bdaily, after six months of negotiations, Harrison's
administrators were able to save all 14 jobs, and numerous
temporary employees.
On May 16, 2014, Brian Johnson and Abigail Jones of London's
Fisher Partners were appointed joint administrators over Harrison
Leisure Ltd. which runs a pub, restaurant and leisure complex on
the Bridlington seafront, Bdaily relates.
Harrison Leisure Ltd. is a leisure complex in Bridlington.
HEALTHCARE SUPPORT: Moody's Lowers Rating on Senior Bonds to Ba1
----------------------------------------------------------------
Moody's Investors Service, has downgraded to Ba1 from Baa2 the
ratings of the GBP197.8 million (plus GBP40million variation
bonds) of 2.187% index-linked guaranteed senior secured bonds (the
"Bonds") due 2041 issued by Healthcare Support (Newcastle) Finance
plc (the "Issuer") and a GBP115.0 million index-linked guaranteed
senior secured loan facility due 2038 provided by the European
Investment Bank (the "EIB Loan"), reflecting the Issuer's
announcement on May 23, 2014 that the key project parties have
failed to reach a commercial settlement in relation to completion
of the remaining construction works. There is now an increased
risk of project agreement termination as the long stop date of
October 28, 2014 under the project agreement is imminent.
Concurrently, Moody's has placed the ratings on review with
direction uncertain, reflecting the lack of clarity as to whether
the dispute will be resolved and the impact on ProjectCo.
Moody's review will focus on developments surrounding the
attempted resolution of the dispute over residual construction
matters now that commercial negotiations have failed. The review
will consider (1) the likelihood of a termination of the project
agreement by the Trust as the longstop date approaches and there
remains no settlement; (2) the potential consequences of any
settlement on the credit quality of ProjectCo; (3) the possible
actions of majority creditors in the event of a collateral deed
event of default which would occur on July 28, 2014 if the dispute
is not resolved; and (4) the potential consequences for the
project company of the legal action commenced by the building
contractor to be heard in Court on July 14, 2014.
The Issuer is a special purpose vehicle formed in 2005 to raise
finance and on-lend it to Healthcare Support (Newcastle) Ltd.
("ProjectCo"). ProjectCo entered into a 38 year agreement with the
Newcastle upon Tyne Hospitals NHS Trust (which became the
Newcastle upon Tyne Hospitals NHS Foundation Trust on 1 June 2006,
the "Trust") to carry out (1) the construction of new facilities
at the Trust's Freeman Hospital and Royal Victoria Infirmary
sites; and (2) provide certain services during the term of the
concession (together, the "Project").
Ratings Rationale
"The rating action reflects that after extensive negotiations, the
Trust and other key project parties have failed to reach a
commercial settlement with respect to remaining construction
matters, thereby increasing the risk of project agreement
termination on the longstop date of 28 October 2014" says
Christopher Bredholt, an Assistant Vice President - Analyst in
Moody's Infrastructure Finance Group and lead analyst for
Healthcare Support (Newcastle) Finance plc.
Although the longstop date of April 28, 2014 under the
construction contract has now passed, ProjectCo has not terminated
the building contractor Laing O'Rourke Construction Limited
("LOR");liquidated damages continue to be accrued. LOR has
commenced legal action against ProjectCo and the Trust in relation
to the disputed completion of Phase 8 which will be heard by the
Court on 14 July 2014.
Whilst all of the Project's clinical buildings, representing
approximately 94% of total construction value, have been certified
as complete, sign-off of the Clinical Office Block at the Royal
Victoria Infirmary site remains outstanding. The Trust has not
accepted handover of the Clinical Office Block on the basis that
the asset does not meet its design specifications in a number of
areas. There are minimal additional construction works which could
be undertaken to address the Trust's issues. Phase 9 practical
completion remains outstanding and unable to progress until the
Trust has decanted personnel from existing buildings.
The Ba1 ratings are constrained by (1) the failure by all parties
to reach a commercial settlement with respect to delays in the
completion of the Clinical Office Block and subsequent residual
construction matters, which may expose ProjectCo to additional
costs (albeit recoverable from LOR); and (2) the increased risk of
termination of the project agreement by the Trust for failure to
meet the construction longstop date in October 2014.
However the ratings reflect as positives (1) ProjectCo's long-term
PFI contract with the Trust to carry out certain construction
works and then provide hard facilities management services; (2)
the successful construction completion of the vast majority of the
construction works; (3) the competency and experience of
Interserve (Facilities Management) Ltd., the provider of hard
facilities management services, whose obligations are guaranteed
by Interserve Plc; and (4) a range of creditor protections
included within the financing structure, such as debt service and
maintenance reserves.
The Bonds and the EIB Loan are unconditionally and irrevocably
guaranteed for payment of scheduled principal and interest by
Syncora Guarantee (U.K.) Ltd. ("Syncora"). Syncora's rating was
withdrawn on 8 November 2012 and therefore the ratings of the
Bonds and the EIB Loan reflect the standalone credit quality of
the Issuer.
The principal methodology used in this rating was Operating Risk
in Privately-Financed Public Infrastructure (PFI/PPP/P3) Projects
published in December 2007.
The Issuer and ProjectCo are wholly owned by Healthcare Support
(Newcastle) Holdings Ltd which in turn is owned 20% by Interserve
PFI 2003 Ltd (50.5% owned by Interserve's pension fund with the
remaining 49.5% owned by Dalmore Capital (Para 1) Limited), and
80% by Equion Health (Newcastle) Ltd, which is itself owned 18.75%
by John Laing Infrastructure Fund ("JLIF") and 81.25% by Innisfree
Nominees Ltd.
LADBROKES PLC: Fitch Assigns 'BB(EXP)' Rating to Senior GBP Bond
----------------------------------------------------------------
Fitch Ratings has assigned Ladbrokes plc's (Ladbrokes; BB/Stable)
proposed senior unsecured 5.125% 2022 wholesale and retail GBP
bond a 'BB (EXP)' expected rating. The assignment of the final
rating is subject to the receipt of final documentation conforming
to information already received.
The bond is being issued to diversify funding sources, to reduce
reliance on bank debt and to extend Ladbrokes's debt maturity
profile. Fitch believes the proceeds will be used to repay
Ladbrokes's drawn revolving credit facility (RCF) debt as well as
for general corporate purposes. There will therefore be no
increase in gross or net debt initially as a result of the bond
issue. The bond is being issued by finance subsidiary Ladbrokes
Group Finance plc and guaranteed by Ladbrokes.
The bond is rated at the same level as Ladbrokes's Issuer Default
Rating of 'BB' as it will rank equally with the company's senior
unsecured debt, including the existing GBP225 million 2017 bond
and RCF debt.
Ladbrokes's current ratings reflect a difficult UK betting
environment, risks to the future profitability of Ladbrokes'
on-line business and its high leverage at end-2013 (3.8x on an
adjusted funds from operations (FFO) net leverage basis), which is
likely to remain at or above 3.0x by end-2016.
KEY RATING DRIVERS:
Weak UK trading
After a difficult 2013 betting shop environment characterized by
higher-than-inflation cost increases, particularly in content
costs, UK retail profitability for 2014 will be negatively
impacted by an increase in machine games duty (MGD) to 25% from
20%, which could reduce operating profits at Ladbrokes by up to
GBP22 million in a full year.
High Digital Transformation Costs
Ladbrokes was off to a slow start in the digital market and has
been underperforming in what is becoming a transformational
requirement for a modern betting business. Fitch views the
company's five-year partnership with Playtech positively as it
provides access to up-to-date technology and know-how. All
transitional changes are expected to be complete by end- 1H14, and
the effects on digital's performance from 2H14 should be positive.
Ladbrokes has, however, confirmed a continued high level of capex
in FY14 for its digital operations, amid a fierce advertising and
expensive marketing battle among large betting groups to attract
new active and profitable customers. In Fitch's view it is
uncertain whether or not the re-launch of Ladbrokes's digital
operations will translate into sustained higher profits in 2014
and 2015.
Maintained Dividends
Higher-than-expected operating costs in 2013 negatively affected
the company's free cash flow generation and thus its deleveraging
efforts last year. Despite this reduced cash flow generation,
Ladbrokes continues its shareholder-friendly policy with its
decision to maintain its dividend policy (GBP81 million in 2013).
While this shows the degree of confidence of management in the
business it nonetheless constrains cash flow available for debt
service.
Deleveraging Slowing
Following weak operating cash flow in 2013 and stable dividends,
Ladbrokes's de-leveraging has stalled. Leverage increased to 3.8x
at end-2013 from 2.7x at end-2012, and Fitch does not expect it to
fall below 3.0x before 2016. This reduces financial flexibility
at a time of strong competition in the betting market.
FOBT Gaming Regulation
The UK government has recently set out plans for improving player
protection on fixed odds-betting terminals (FOBT). These involve
letting players control their gaming choices and the amount they
spend. The measures include customers who want to bet over GBP50
on a FOBT having to pay over-the-counter, machines displaying a
choice of set limits on spending by customer, customer accounts
allowing players to track their own spending and warning messages
and pauses to allow players to be more aware of their gambling.
Lastly the proposals strengthen the voluntary self-exclusion
system, so that players can make a single request to be banned
from betting shops on a wider basis.
If the UK government introduces new gaming-amount limit
restrictions on fixed odds-betting terminals (FOBT), Ladbrokes
will probably be more affected than its close competitor William
Hill. This is because over 50% of Ladbrokes's UK retail operating
profits comes from FOBT terminals and the company currently has a
weaker digital platform than William Hill.
Solid Liquidity
The group has strong liquidity with over GBP365 million of
available cash and undrawn committed facilities at end-2013.
Ladbrokes does not face any meaningful debt maturities until 2016,
when the group's GBP540 million bilateral facility falls due while
its GBP225 million bond only matures in March 2017.
RATING SENSITIVITIES
Positive: Future developments that could lead to positive rating
action include:
- Further strengthening of operations with an established
competitive profile in online gaming, a stabilized UK retail
business and lower reliance on the UK market
- Positive FCF on a sustained basis
- FFO adjusted net leverage sustainably below 3.0x
- FFO fixed charge cover above 3.0x (end-2013: 2.7x)
Negative: Future developments that could lead to negative rating
action include:
- Further material deterioration in UK retail operating profits,
adverse regulatory developments and no significant improvement in
digital operating profits
- FCF in negative territory
- FFO adjusted net leverage rising towards 4.0x due to continued
weak trading, or for over 12 to 18 months due to M&A activity
- FFO fixed charge cover below 2.5x
LEGAL DEVELOPMENT: Faces Liquidation Following SRA Closure
----------------------------------------------------------
Laurence Kilgannon at Insider Media reports that a liquidator has
been appointed to Legal Development Partners Ltd., which was shut
down by the Solicitors Regulation Authority (SRA) after the
supervisory body said there was "reason to suspect dishonesty on
the part of a manager or employee".
According to Insider Media, the intervention was appropriate
because there was reason to suspect dishonesty on the part of a
manager or employee of the firm, the SRA said, with Lucy-Ann
Kirkham, Mohammed Khalid Sharjahan and Matthew Cobley named by the
regulator.
Gregory Mullarkey -- greg.mullarkey@bennettjonesinsolvency.co.uk -
- of Bennett Jones Insolvency has been appointed as liquidator and
is winding the firm down, Insider Media relates.
The law firm will leave a shortfall of GBP884,932 to its
creditors, including GBP811,750 owed to trade creditors and
GBP20,000 owed to employees, Insider Media says, citing a
statement of affairs filed by the liquidator.
Legal Development Partners Ltd. was formed in October 2011 to buy
the assets of Ashworth Law Ltd out of administration in a pre-pack
deal, Insider Media recounts.
Legal Development Partners Ltd. is a Harrogate-based law firm.
MIMOSA HEALTHCARE: Failed Refinancing Spurs Administration
----------------------------------------------------------
Storm Rannard at Insider Media reports that Mimosa Healthcare fell
into administration after a GBP17 million 11th-hour refinance
offer was withdrawn.
According to Insider Media, the company faced difficulties after
the landlord of the majority of its care homes issued a formal
demand for GBP6.5 million in rent arrears in February 2014.
Insider Media revealed in April that BDO partners Kerry Bailey --
kerry.bailey@bdo.co.uk -- and Sarah Rayment --
sarah.rayment@bdo.co.uk -- had been appointed joint administrators
over the Mimosa Health Care Group.
A total of 22 elderly care homes and one alcohol rehabilitation
center have been affected by the administration, but they are
continuing to trade as administrators look to secure a sale,
Insider Media discloses.
However, seven redundancies were made at the company's accounts
function in the North East on May 2, with an additional six staff
at Mimosa's Nottingham head office also losing their jobs, Insider
Media recounts. The group employed more than 1,100 staff and BDO
said it hoped to keep redundancies to a minimum, Insider Media
notes.
Mimosa Healthcare is a healthcare group which operated Sandhall
Park nursing home in Goole.
PREFERRED RESIDENTIAL: S&P Ups Rating on Class D1c Notes to BB+
----------------------------------------------------------------
Standard & Poor's Ratings Services raised to 'BB+ (sf)' from 'BB-
(sf)' its credit rating on Preferred Residential Securities 05-1
PLC's class D1c notes. At the same time, S&P has affirmed its
ratings on the class A2c, B1a, B1c, C1c, and E notes.
The rating actions follow S&P's credit and cash flow analysis of
the transaction, as part of its periodic review of its performance
as of the March 2014 payment date. The liquidity facility
decreased to GBP6.7 million from GBP26.8 million, following an
amendment to the liquidity facility agreement in January 2014.
This has reduced the costs of the liquidity facility for the
issuer and had a positive effect in our cash flow analysis.
"Since our previous review on April 30, 2012, the transaction's
performance has been stable both in terms of arrears and net
losses. Since then, total delinquencies have been fluctuating at
about 30%. This is below what we had reported in our previous
review, at about 40%. The decrease is due to technical reasons,
since the servicer (Acenden Ltd.) updated how it reports arrears
in the December 2012 investor report to distinguish among amounts
outstanding, delinquencies, and other amounts owed. The
servicer's definition of other amounts owed includes (among other
items), arrears of fees, charges, costs, ground rent, and
insurance. Delinquencies now include principal and interest
arrears on the mortgages, based on the borrowers' monthly
installments. Amounts outstanding are principal and interest
arrears, after the servicer first allocates payments from
borrowers to other amounts owed," S&P said.
"Under the transaction documents, the servicer first allocates any
arrears payments to other amounts owed, then to interest amounts,
and subsequently to principal. From a borrowers' perspective, the
servicer first allocates any arrears payments to interest and
principal amounts, and secondly to other amounts owed. This
difference in the servicer's allocation of payments for the
transaction and the borrower results in amounts outstanding being
greater than delinquencies. In the past, the servicer based
arrears figures on amounts outstanding, while now they are based
on delinquencies," S&P added.
Net cumulative principal losses have been stable at about 2.7%,
which is below S&P's index for U.K. residential mortgage-backed
securities (RMBS) at 3.2%.
"Our credit analysis shows that our current weighted-average
foreclosure frequency (WAFF) assumptions have decreased, while our
weighted-average loss severity (WALS) assumptions have increased
since our previous review. The WAFF shows the weighted-average
probability of default of loans in the collateral pool, and the
WALS shows the weighted-average loss likely to be experienced on
defaulted loans in the collateral pool, as a proportion of the
loan amount. The decrease in our WAFF assumptions is mainly due
to the lower level of reported arrears that we factored into our
analysis. On the other hand, our WALS assumptions have increased
because we expect potential principal losses to be greater, given
the difference in the servicer's allocation of payments. It is
likely that the ongoing increase in other amounts owed will
continue. When the servicer sells repossessed properties,
recoveries available to the issuer will be lower," S&P noted.
Rating WAFF WALS
level (%) (%)
AAA 48.84 47.08
AA 42.72 41.08
A 35.55 31.85
BBB 30.99 26.95
BB 26.21 23.32
B 23.44 20.62
The notes are currently amortizing sequentially, as 90+ days
amounts outstanding comprise 41.2% of the pool, which is well
above the transaction's 22.5% pro rata amortization trigger. As
the ratio is well above the trigger and the other amounts owed
continue to increase, S&P considers that the transaction will
likely continue to pay principal sequentially. S&P has
incorporated this assumption in our cash flow analysis by modeling
a sequential repayment of the notes.
The notes benefit from a nonamortizing reserve fund, which is at
its target level, and represents 3.7% of the performing portfolio.
The notes also benefit from a liquidity facility that decreased to
GBP6.7 million from GBP26.8 million, following an amendment to the
liquidity facility agreement in January 2014. The reduction had a
positive effect in our cash flow results, as the issuer pays less
interest on the facility's size.
Taking into account the results of S&P's credit and cash flow
analysis, it considers the available credit enhancement for the
class A2c, B1a, B1c, C1c, and E notes to be commensurate with
S&P's currently assigned ratings. S&P has therefore affirmed its
ratings on these classes of notes.
S&P considers the available credit enhancement for the class D1c
notes to be commensurate with a higher rating than previously
assigned. S&P has therefore raised to 'BB+ (sf)' from 'BB- (sf)'
its rating on the class D1c notes.
S&P's cash flow modeling shows that the class A to C notes pay
timely interest and repay principal at rating levels above 'A',
but its current counterparty criteria limit the maximum achievable
ratings in this transaction at S&P's 'A' long-term issuer credit
rating on Barclays Bank PLC.
S&P's credit stability analysis indicates that the maximum
projected deterioration that it would expect at each rating level
for time horizons of one year and three years under moderate
stress conditions, are in line with S&P's credit stability
criteria.
Preferred Residential Securities 05-1 is backed by nonconforming
U.K. residential mortgage loans, which Preferred Mortgages Ltd.
originated.
STANDARD & POOR'S 17G-7 DISCLOSURE REPORT
SEC Rule 17g-7 requires an NRSRO, for any report accompanying a
credit rating relating to an asset-backed security as defined in
the Rule, to include a description of the representations,
warranties and enforcement mechanisms available to investors and a
description of how they differ from the representations,
warranties and enforcement mechanisms in issuances of similar
securities. The Rule applies to in-scope securities initially
rated (including preliminary ratings) on or after Sept. 26, 2011.
If applicable, the Standard & Poor's 17g-7 Disclosure Reports
included in this credit rating report are available at:
http://standardandpoorsdisclosure-17g7.com
RATINGS LIST
Class Rating
To From
Preferred Residential Securities 05-1 PLC
EUR188 Million, GBP271.2 Million Mortgage-Backed Floating-Rate
Notes
Rating Raised
D1c BB+ (sf) BB- (sf)
Ratings Affirmed
A2c A (sf)
B1a A (sf)
B1c A (sf)
C1c A (sf)
E B- (sf)
STICHTING PROFILE: Fitch Affirms 'Bsf' Rating on Class E Notes
--------------------------------------------------------------
Fitch Ratings has revised the Outlook on Stichting Profile
Securitisation 1's class notes to Negative from Stable and
affirmed all ratings as follows:
GBP252.5m class SCDS notes affirmed at 'AA+sf', Outlook revised to
Negative from Stable
GBP73,382 class A+ notes affirmed at 'AA+sf', Outlook revised to
Negative from Stable
GBP17.2m class A notes affirmed at 'A+sf', Outlook revised to
Negative from Stable
GBP5.4m class B notes affirmed at 'BBB+sf', Outlook revised to
Negative from Stable
GBP3m class C notes affirmed at 'BBBsf', Outlook revised to
Negative from Stable
GBP3.1m class D notes affirmed at 'BB+sf', Outlook revised to
Negative from Stable
GBP3.7m class E notes affirmed at 'Bsf', Outlook revised to
Negative from Stable
The transaction is a securitization of project finance loans. The
ratings of the notes are linked to the credit quality of the
certificates of indebtedness (Schuldscheine) issued by KfW
(AAA/Stable/F1+).
KEY RATING DRIVERS
The new Outlook reflects Fitch's revised view of the sensitivity
of the notes' rating to obligor concentration. The top 10
obligors represent 45% of the overall portfolio, with each of the
obligors' contribution just below 5% of the overall portfolio.
Any significant rating action on one of these issuers would likely
trigger an immediate impact on the transaction's ratings. All
underlying projects are located in the UK. The largest sector is
education, which makes up over 47% of the portfolio, followed by
healthcare, which contributes 40% of the loans.
The affirmation reflects the transaction's stable performance over
the last 12 months. The reference portfolio has reduced to GBP291
million from GBP383 million through natural amortization, raising
credit enhancement across the capital structure. The class A
notes are currently supported by 7.4% credit enhancement, slightly
higher than 7.2% a year ago.
For the analysis Fitch considered correlation for projects from
different sectors within the UK at 7%, whereas correlation for two
projects within the same sector in the UK, such as healthcare can
be up to 13%, for example.
RATING SENSITIVITIES
The analysis incorporated two stress tests to analyze the
transactions sensitivity in case of a change in underlying
assumptions. The first stress assumed a haircut on all recoveries
by 25% and implies a downgrade throughout the capital structure.
The second test stressed the obligor concentration and implied a
downgrade by one category. A third stress simulated a downgrade
of all underlying assets by one notch and showed some sensitivity
throughout the capital structure, in particular the senior notes.
A downgrade of KfW would result in a similar action on any notes
rated higher than the then- rating of KfW.
===============
X X X X X X X X
===============
* Large Companies with Insolvent Balance Sheets
-----------------------------------------------
Total
Shareholders Total
Equity Assets
Company Ticker (US$MM) (US$MM)
------- ------ ------ ------
AUSTRIA
-------
CHRIST WATER TEC 8131204Q GR -5754285.054 165995618.1
CHRIST WATER TEC CWT EO -5754285.054 165995618.1
CHRIST WATER TEC CWTE IX -5754285.054 165995618.1
CHRIST WATER TEC CWT AV -5754285.054 165995618.1
CHRIST WATER TEC CRSWF US -5754285.054 165995618.1
CHRIST WATER TEC CWT PZ -5754285.054 165995618.1
CHRIST WATER TEC CWT EU -5754285.054 165995618.1
CHRIST WATER-ADR CRSWY US -5754285.054 165995618.1
LIBRO AG LBROF US -110486313.8 174004185
LIBRO AG LIB AV -110486313.8 174004185
LIBRO AG LIBR AV -110486313.8 174004185
LIBRO AG LB6 GR -110486313.8 174004185
S&T SYSTEM I-ADR STSQY US -38841439.51 182832494.8
S&T SYSTEM INTEG SYA GR -38841439.51 182832494.8
S&T SYSTEM INTEG SNTS IX -38841439.51 182832494.8
S&T SYSTEM INTEG SLSYF US -38841439.51 182832494.8
S&T SYSTEM INTEG SYAG IX -38841439.51 182832494.8
S&T SYSTEM INTEG SNT AV -38841439.51 182832494.8
S&T SYSTEM INTEG SYA EX -38841439.51 182832494.8
S&T SYSTEM INTEG SNT EO -38841439.51 182832494.8
S&T SYSTEM INTEG SNT EU -38841439.51 182832494.8
S&T SYSTEM INTEG SNTA PZ -38841439.51 182832494.8
S&T SYSTEM INTEG STSQF US -38841439.51 182832494.8
S&T SYSTEM INTEG SNTS ES -38841439.51 182832494.8
SKYEUROPE SKYP PW -89480492.56 159076577.5
SKYEUROPE SKY PW -89480492.56 159076577.5
SKYEUROPE HLDG SKY LI -89480492.56 159076577.5
SKYEUROPE HLDG SKY EO -89480492.56 159076577.5
SKYEUROPE HLDG SKY EU -89480492.56 159076577.5
SKYEUROPE HLDG SKYPLN EU -89480492.56 159076577.5
SKYEUROPE HLDG SKYA PZ -89480492.56 159076577.5
SKYEUROPE HLDG 0619064D GR -89480492.56 159076577.5
SKYEUROPE HLDG SKYV IX -89480492.56 159076577.5
SKYEUROPE HLDG SKYPLN EO -89480492.56 159076577.5
SKYEUROPE HLDG SKY AV -89480492.56 159076577.5
SKYEUROPE HLDG SKURF US -89480492.56 159076577.5
SKYEUROPE HOL-RT SK1 AV -89480492.56 159076577.5
BELGIUM
-------
AMERIKAANSE STOC 4163533Z BB -1513887.956 225769572.9
ANTWERP GATEWAY 496769Z BB -56441017.57 244539471.2
BIO ANALYTICAL R 3723198Z BB -41974594.66 193574592.4
CHIQUITA FRESH B 3727690Z BB -13035568.06 126531721.7
COMPAGIMMOBDU BR 3727538Z BB -3827271.16 143566526.3
DOOSAN BENELUX S 3724234Z BB -81416359 231093378.4
EXPLORER NV 4289181Z BB -17703159.47 266681154.3
FINANCIETOREN NV 3729210Z BB -42317802.71 777656536.7
IDEAL STANDARD I 4492755Z AV -912413970.6 2064684812
IDEAL STANDARD I 0288212Z BB -676607228.5 1580042243
IRUS ZWEIBRUCKEN 3738979Z BB -12563627.16 113270540
JULIE LH BVBA 3739923Z BB -32842124.57 159062205.9
KBC LEASE BELGIU 3723398Z BB -36721028.1 2861898350
LAND VAN HOP NV 3727898Z BB -141334.2956 138885001.8
NYNAS NV 3734766Z BB -7050037.824 133049490.2
ORACLE BELGIUM B 4525199Z AV -11669893.04 255041441.5
PHOTOVOLTECH NV 3557498Z BB -37292670.76 125803177.8
SABENA SA SABA BB -85494497.66 2215341060
SAPPI EUROPE SA 3732894Z BB -125372343 148685711.3
SOCIETE NATIONAL 3726762Z BB -39045394.16 506987115.6
TELENET GRP HLDG TNET QM -928724199.6 5137146702
TELENET GRP HLDG T4I TH -928724199.6 5137146702
TELENET GRP HLDG TNETUSD EU -928724199.6 5137146702
TELENET GRP HLDG TNET EU -928724199.6 5137146702
TELENET GRP HLDG TNET LI -928724199.6 5137146702
TELENET GRP HLDG TNETGBX EU -928724199.6 5137146702
TELENET GRP HLDG TLGHF US -928724199.6 5137146702
TELENET GRP HLDG TNET TQ -928724199.6 5137146702
TELENET GRP HLDG TNET BQ -928724199.6 5137146702
TELENET GRP HLDG TNET S1 -928724199.6 5137146702
TELENET GRP HLDG TNETGBP EO -928724199.6 5137146702
TELENET GRP HLDG TNET EB -928724199.6 5137146702
TELENET GRP HLDG TNET GK -928724199.6 5137146702
TELENET GRP HLDG TNET EO -928724199.6 5137146702
TELENET GRP HLDG TNETGBX EO -928724199.6 5137146702
TELENET GRP HLDG T4I GR -928724199.6 5137146702
TELENET GRP HLDG TNET PZ -928724199.6 5137146702
TELENET GRP HLDG TNETUSD EO -928724199.6 5137146702
TELENET GRP HLDG TNET MT -928724199.6 5137146702
TELENET GRP HLDG 3218105Q IX -928724199.6 5137146702
TELENET GRP HLDG TNET NQ -928724199.6 5137146702
TELENET GRP HLDG TNET IX -928724199.6 5137146702
TELENET GRP HLDG TNET BB -928724199.6 5137146702
TELENET-STRP TNETS BB -928724199.6 5137146702
TELENET-UNS ADR TLGHY US -928724199.6 5137146702
BULGARIA
--------
PETROL AD 5PET BU -28384533.15 365674871.9
PETROL AD 5PET GR -28384533.15 365674871.9
PETROL AD PETB PZ -28384533.15 365674871.9
PETROL AD 5PET PZ -28384533.15 365674871.9
PETROL AD 5PETEUR EU -28384533.15 365674871.9
PETROL AD PET BU -28384533.15 365674871.9
PETROL AD 5PET EO -28384533.15 365674871.9
PETROL AD 5PETEUR EO -28384533.15 365674871.9
PETROL AD 5PET EU -28384533.15 365674871.9
CROATIA
-------
BRODOGRADE INDUS 3MAJRA CZ -117119941.8 803533466.7
CROATIA AIRLI-A1 CRALPA1 CZ -7293960.057 285595600.8
CROATIA AIRLI-A2 CRALPA2 CZ -7293960.057 285595600.8
CROATIA AIRLI-A3 CRALPA3 CZ -7293960.057 285595600.8
CROATIA AIRLI-A4 CRALPA4 CZ -7293960.057 285595600.8
CROATIA AIRLINES CRALPA CZ -7293960.057 285595600.8
CROATIA AIRLINES CRALRA CZ -7293960.057 285595600.8
MAGMA DD MGMARA CZ -14866765.08 104029164.6
OT OPTIMA TELEKO 2299892Z CZ -84560317.57 103460989.1
OT-OPTIMA TELEKO OPTERA CZ -84560317.57 103460989.1
CYPRUS
------
CYPRUS AIRWA-RTS CAIRR CY -20708704.06 183851135.9
CYPRUS AIRWAYS CAIRCYP EO -20708704.06 183851135.9
CYPRUS AIRWAYS CAIR EO -20708704.06 183851135.9
CYPRUS AIRWAYS CAIR EU -20708704.06 183851135.9
CYPRUS AIRWAYS CANR CY -20708704.06 183851135.9
CYPRUS AIRWAYS CAIRCYP EU -20708704.06 183851135.9
CYPRUS AIRWAYS CAIR CY -20708704.06 183851135.9
CYPRUS AIRWAYS CAIR PZ -20708704.06 183851135.9
LIBRA GROUP PLC LHG EU -39648682.41 209021322.6
LIBRA GROUP PLC LHGCYP EO -39648682.41 209021322.6
LIBRA GROUP PLC LHG EO -39648682.41 209021322.6
LIBRA GROUP PLC LHGCYP EU -39648682.41 209021322.6
LIBRA GROUP PLC LHG CY -39648682.41 209021322.6
LIBRA HOLIDA-RTS LBR CY -39648682.41 209021322.6
LIBRA HOLIDA-RTS LGWR CY -39648682.41 209021322.6
LIBRA HOLIDAY-RT 3167808Z CY -39648682.41 209021322.6
LIBRA HOLIDAYS LHGR CY -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG CY -39648682.41 209021322.6
CZECH REPUBLIC
--------------
CKD PRAHA HLDG 297687Q GR -89435858.16 192305153
CKD PRAHA HLDG CKDPF US -89435858.16 192305153
CKD PRAHA HLDG CKDH CP -89435858.16 192305153
CKD PRAHA HLDG CKDH US -89435858.16 192305153
CKD PRAHA HLDG CDP EX -89435858.16 192305153
SETUZA AS SETUZA PZ -61453764.17 138582273.6
SETUZA AS SZA GR -61453764.17 138582273.6
SETUZA AS 2994767Q EO -61453764.17 138582273.6
SETUZA AS 2994755Q EU -61453764.17 138582273.6
SETUZA AS 2994763Q EU -61453764.17 138582273.6
SETUZA AS SZA EX -61453764.17 138582273.6
SETUZA AS 2994759Q EO -61453764.17 138582273.6
SETUZA AS SETUZA CP -61453764.17 138582273.6
SETUZA AS SETU IX -61453764.17 138582273.6
DENMARK
-------
CARLSBERG IT A/S 4503891Z DC -47938170.6 178077456.9
CIMBER STERLING CIMBER DC -5227729.374 192575897.9
CIMBER STERLING CIMBE EO -5227729.374 192575897.9
CIMBER STERLING CIMBER BY -5227729.374 192575897.9
CIMBER STERLING CIMBE EU -5227729.374 192575897.9
ELITE SHIPPING ELSP DC -27715991.74 100892900.3
FINANSIERINGSSEL 3977156Z DC -2410332.543 110737536.3
GREEN WIND ENERG G7W1 GR -11320362.72 176234029.6
GREEN WIND ENERG GW BY -11320362.72 176234029.6
GREEN WIND ENERG GW DC -11320362.72 176234029.6
GREEN WIND ENERG GW EO -11320362.72 176234029.6
GREEN WIND ENERG GW EU -11320362.72 176234029.6
GREEN WIND ENERG GW PZ -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EO -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EU -11320362.72 176234029.6
HOLDINGSELSKABET BODIL DC -11320362.72 176234029.6
HOLDINGSELSKABET BOHC IX -11320362.72 176234029.6
JEUDAN III A/S 3986972Z DC -85553475.79 272728794.6
NESTLE DANMARK A 3896690Z DC -31272771.75 160779148
OBTEC OBTEC DC -17139908.33 134988548.1
OBTEC OBT DC -17139908.33 134988548.1
OBTEC-NEW SHARES OBTECN DC -17139908.33 134988548.1
OBTEC-OLD OBTN DC -17139908.33 134988548.1
OSTERFALLEDPARKE 3985676Z DC -26063679.19 302533679.4
ROSKILDE BANK ROSK DC -532868894.9 7876688188
ROSKILDE BANK RSKC IX -532868894.9 7876688188
ROSKILDE BANK ROSK EO -532868894.9 7876688188
ROSKILDE BANK RKI GR -532868894.9 7876688188
ROSKILDE BANK ROSKF US -532868894.9 7876688188
ROSKILDE BANK ROSBF US -532868894.9 7876688188
ROSKILDE BANK ROSK EU -532868894.9 7876688188
ROSKILDE BANK ROSK PZ -532868894.9 7876688188
ROSKILDE BANK-RT 916603Q DC -532868894.9 7876688188
ROSKILDE BAN-NEW ROSKN DC -532868894.9 7876688188
ROSKILDE BAN-RTS ROSKT DC -532868894.9 7876688188
SCANDINAVIAN BRA SBS1 EO -17139908.33 134988548.1
SCANDINAVIAN BRA SBS1 BY -17139908.33 134988548.1
SCANDINAVIAN BRA SBSD PZ -17139908.33 134988548.1
SCANDINAVIAN BRA SBS1EUR EO -17139908.33 134988548.1
SCANDINAVIAN BRA SBS DC -17139908.33 134988548.1
SCANDINAVIAN BRA SBS1EUR EU -17139908.33 134988548.1
SCANDINAVIAN BRA SBSC IX -17139908.33 134988548.1
SCANDINAVIAN BRA SBS1 EU -17139908.33 134988548.1
SUZLON WIND ENER 3985532Z DC -50030922.82 151671948.3
TAKKER EUROPA AP 3972332Z DC -124523598.1 163756144.6
FRANCE
------
3 SUISSES FRANCE 4724713Z FP -77651653.29 330011633.6
ADP INGENIERIE S 4519911Z FP -9312265.78 111844575.6
AIR COMMAND SYST 4470055Z FP -24012413.92 236706831.5
AKERYS SERVICES 4685937Z FP -22410493.42 137981683.2
ALCATEL-LUCENT E 3642975Z FP -33252970.32 441703998.1
ALCATEL-LUCENT F 3647063Z FP -794569718.3 4984960531
AL-KHATTIYA LEAS 4783713Z FP -13423803.21 109623566.3
ALUMINIUM PECHIN 3650903Z FP -469114028.7 1322244624
ATOS ORIGIN INTE 4519607Z FP -15552541.61 353365367
AUTOMOBILES CITR 3648863Z FP -298695778.9 1879542934
AUTOROUTES PARIS ARR1 BQ -251756893.2 10625026266
AUTOROUTES PARIS ARR EO -251756893.2 10625026266
AUTOROUTES PARIS RK9 TH -251756893.2 10625026266
AUTOROUTES PARIS ARR EU -251756893.2 10625026266
AUTOROUTES PARIS ARR FP -251756893.2 10625026266
AUTOROUTES PARIS ARRGBX EU -251756893.2 10625026266
AUTOROUTES PARIS ARR IX -251756893.2 10625026266
AUTOROUTES PARIS ARR S1 -251756893.2 10625026266
AUTOROUTES PARIS ARR QM -251756893.2 10625026266
AUTOROUTES PARIS ARR LI -251756893.2 10625026266
AUTOROUTES PARIS ARR TQ -251756893.2 10625026266
AUTOROUTES PARIS ARR EB -251756893.2 10625026266
BELVEDERE - RTS 554451Q FP -256191005.4 927737997.9
BELVEDERE - RTS 702036Q FP -256191005.4 927737997.9
BELVEDERE SA BVD EU -256191005.4 927737997.9
BELVEDERE SA BELV FP -256191005.4 927737997.9
BELVEDERE SA BELV NM -256191005.4 927737997.9
BELVEDERE SA BEVD IX -256191005.4 927737997.9
BELVEDERE SA BVD PW -256191005.4 927737997.9
BELVEDERE SA BED GR -256191005.4 927737997.9
BELVEDERE SA BVD EO -256191005.4 927737997.9
BELVEDERE SA BVD S1 -256191005.4 927737997.9
BELVEDERE SA BVDRF US -256191005.4 927737997.9
BELVEDERE SA BED TH -256191005.4 927737997.9
BELVEDERE SA BVD FP -256191005.4 927737997.9
BELVEDERE SA BVD PZ -256191005.4 927737997.9
BELVEDERE SA-NEW BVDNV FP -256191005.4 927737997.9
BELVEDERE SA-NEW 946529Q FP -256191005.4 927737997.9
BELVEDERE SA-NEW 8198283Q FP -256191005.4 927737997.9
BELVEDERE SA-RTS BVDDS FP -256191005.4 927737997.9
BROSTROM TANKERS 3641643Z FP -115599.3207 311104377.9
BUT INTERNATIONA 3648871Z FP -5859572.435 1100621152
CADES 211430Z FP -1.16E+11 23006745556
CARCOOP FRANCE 4690569Z FP -531951.7338 185621693.8
CARNAUDMETALB-N JJNN FP -239071932.4 6870067181
CARNAUDMETALB-N 84433Q FP -239071932.4 6870067181
CARREFOUR HYPERM 3897338Z FP -713257900.6 3939173302
CARRERE GROUP CAR2 EO -9829531.944 279906700
CARRERE GROUP CRRHF US -9829531.944 279906700
CARRERE GROUP CRGP IX -9829531.944 279906700
CARRERE GROUP CAR2 EU -9829531.944 279906700
CARRERE GROUP CARG FP -9829531.944 279906700
CARRERE GROUP CAR FP -9829531.944 279906700
CARRERE GROUP CARF PZ -9829531.944 279906700
CARRERE GROUP XRR GR -9829531.944 279906700
CDISCOUNT SA 4690913Z FP -14710509.37 442569172
CMA CGM AGENCES 4746849Z FP -8208944.552 191538369.1
CO PETROCHIMIQUE 4682369Z FP -111509362.4 364674090.9
CROWN EUROPEAN H 3394476Q LI -239071932.4 6870067181
CROWN EUROPEAN H CAMBF US -239071932.4 6870067181
CROWN EUROPEAN H JJ FP -239071932.4 6870067181
CROWN EUROPEAN H 1049Q LN -239071932.4 6870067181
DESCAMPS SAS 4503139Z FP -2912961.458 104843475.7
DOCTISSIMO 2916489Q EU -1690819.009 135171143.2
DOCTISSIMO 0602303D GR -1690819.009 135171143.2
DOCTISSIMO DOC FP -1690819.009 135171143.2
DOCTISSIMO MDCF PZ -1690819.009 135171143.2
DOCTISSIMO MCOS IX -1690819.009 135171143.2
DOCTISSIMO 2916493Q EO -1690819.009 135171143.2
DOCTISSIMO MDC FP -1690819.009 135171143.2
EADS SECA 4706441Z FP -44481565.35 121822000.7
EDENRED QSV GR -1310250942 5470394799
EDENRED EDEN FP -1310250942 5470394799
EDENRED EDEN QM -1310250942 5470394799
EDENRED QSV TH -1310250942 5470394799
EDENRED EDEN S1 -1310250942 5470394799
EDENRED EDEN TQ -1310250942 5470394799
EDENRED EDENUSD EO -1310250942 5470394799
EDENRED EDNMF US -1310250942 5470394799
EDENRED EDENUSD EU -1310250942 5470394799
EDENRED EDEN EO -1310250942 5470394799
EDENRED EDEN EU -1310250942 5470394799
EDENRED EDEN BQ -1310250942 5470394799
EDENRED EDEN EB -1310250942 5470394799
EDENRED EDEN IX -1310250942 5470394799
EDENRED EDEN PZ -1310250942 5470394799
EDENRED-NEW EDENV FP -1310250942 5470394799
EDF EN OUTRE MER 4679713Z FP -2598508.843 158364874.7
ETAM PRET A PORT 4682193Z FP -18364165.43 175501799.4
FACONNABLE SA 226782Z FP -19616230.99 136513429.3
FRANFINANCE LOCA 4689993Z FP -69780982.12 1638852912
GEC 4 SAS 4518255Z FP -91410336.97 541462091
GPN SA 4509659Z FP -35080424.69 568887551
GRANDE PAROISSE GAPA FP -927267926.9 629287290
GRANDE PAROISSE GDPXF US -927267926.9 629287290
GRANDE PAROISSE GDPA FP -927267926.9 629287290
GROUPE MONITEUR 317840Z FP -116707395.4 610106709.3
GROUPE PROGRES S 4734137Z FP -106637565.8 154665494
HIPPO GESTION ET 4732841Z FP -606512.6987 113032204.7
HITACHI EUROPE S 4681417Z FP -9927515.772 110534051.7
HP ENTREPRISE SE 4698081Z FP -97546439.37 116383810.4
I BASE 757542Z FP -6019481.253 433636337.7
ING LEASE FRANCE 4699881Z FP -51268061.49 363058830.9
ITM REGION PARIS 4681817Z FP -49662079.76 124321085.9
JTEKT AUTOMOTIVE 4505819Z FP -25670106.66 171962119.7
JTEKT AUTOMOTIVE 4504595Z FP -17492036.59 163375360
JUNGHEINRICH FIN 4635025Z FP -14429677.13 223424949.4
LAB DOLISOS LADL FP -27752176.19 110485462.4
LAB DOLISOS DOLI FP -27752176.19 110485462.4
MATUSSIERE & FOR MTUSF US -77896689.09 293868350.8
MATUSSIERE & FOR 1007765Q FP -77896689.09 293868350.8
MEDCOST SA MEDC NM -1690819.009 135171143.2
MEDCOST SA MEDC FP -1690819.009 135171143.2
MEDCOST SA-NEW MDCNV FP -1690819.009 135171143.2
MILLIMAGES 8131905Q FP -1006050.249 113454378.9
MILLIMAGES MIL1 EU -1006050.249 113454378.9
MILLIMAGES MLMG IX -1006050.249 113454378.9
MILLIMAGES MIL1 PZ -1006050.249 113454378.9
MILLIMAGES MIL FP -1006050.249 113454378.9
MILLIMAGES MG6 GR -1006050.249 113454378.9
MILLIMAGES MIL S1 -1006050.249 113454378.9
MILLIMAGES MIL1 EO -1006050.249 113454378.9
MILLIMAGES MLIGF US -1006050.249 113454378.9
MILLIMAGES MILI FP -1006050.249 113454378.9
MILLIMAGES MILF PZ -1006050.249 113454378.9
MILLIMAGES - RTS 0134468D FP -1006050.249 113454378.9
MILLIMAGES-RTS MILDS FP -1006050.249 113454378.9
MILLIMAGES-RTS 760037Q FP -1006050.249 113454378.9
M-REAL ALIZAY SA 4670721Z FP -19839749.29 142972373.7
MVCI HOLIDAYS FR 4524959Z FP -106863949.8 221936730.6
NESTLE WATERS SU 3634879Z FP -183402272.8 254740466.9
NESTLE WATERS SU 3634887Z FP -11147903.4 186832176.9
NEXANS COPPER FR 4744809Z FP -22662074.82 308626962.2
NEXTIRAONE 500526Z FP -1983210.371 311827703.4
NORDEX FRANCE SA 4521679Z FP -1596231.67 139011887.7
NOVASEP HOLDING 3736443Z FP -217561272.1 476949466.1
NOVELIS FOIL FRA 4678593Z FP -21912360.22 126180343.3
NRJ 12 4681713Z FP -59306529.9 110796872.5
O-I MANUFACTURIN 226230Z FP -101494197.2 1150890693
OROSDI OROS EO -51389802.68 181267113.2
OROSDI OROS FP -51389802.68 181267113.2
OROSDI OROS EU -51389802.68 181267113.2
OROSDI OROS S1 -51389802.68 181267113.2
OROSDI OROS PZ -51389802.68 181267113.2
OROSDI-BACK BACK IX -51389802.68 181267113.2
OROSDI-BACK ORBA FP -51389802.68 181267113.2
OROSDI-RTS ORODS FP -51389802.68 181267113.2
PAGESJAUNES GRP PAJGBP EO -2572329208 1590596225
PAGESJAUNES GRP PAJ EB -2572329208 1590596225
PAGESJAUNES GRP PAJ TQ -2572329208 1590596225
PAGESJAUNES GRP PAJUSD EU -2572329208 1590596225
PAGESJAUNES GRP PAJ QM -2572329208 1590596225
PAGESJAUNES GRP PAJ GK -2572329208 1590596225
PAGESJAUNES GRP QS3 TH -2572329208 1590596225
PAGESJAUNES GRP PAJUSD EO -2572329208 1590596225
PAGESJAUNES GRP PAJ PZ -2572329208 1590596225
PAGESJAUNES GRP QS3 GR -2572329208 1590596225
PAGESJAUNES GRP PAJ EO -2572329208 1590596225
PAGESJAUNES GRP PAJ BQ -2572329208 1590596225
PAGESJAUNES GRP PAJ IX -2572329208 1590596225
PAGESJAUNES GRP PAJ FP -2572329208 1590596225
PAGESJAUNES GRP PGJUF US -2572329208 1590596225
PAGESJAUNES GRP PAJ VX -2572329208 1590596225
PAGESJAUNES GRP PAJGBX EO -2572329208 1590596225
PAGESJAUNES GRP PAJ EU -2572329208 1590596225
PAGESJAUNES GRP PAJP IX -2572329208 1590596225
PAGESJAUNES GRP PAJ LI -2572329208 1590596225
PAGESJAUNES GRP PAJ NQ -2572329208 1590596225
PAGESJAUNES GRP PAJ S1 -2572329208 1590596225
PAGESJAUNES GRP PAJGBX EU -2572329208 1590596225
PEUGEOT CITROEN 3637183Z FP -292685177.7 366568398.7
PRIDE FORAMER SA 271904Z FP -25977905.48 1062588005
REGIE PUBLICITAI 4691033Z FP -5262294.526 112402724.7
REGIONAL COMPAGN 3635823Z FP -37389129.61 595811276.3
RESEAU FERRE FRA 224063Z FP -1594878991 71610625888
RHODIA SA RHDI GR -72552001.48 7951699362
RHODIA SA RHAY IX -72552001.48 7951699362
RHODIA SA 2324015Q EO -72552001.48 7951699362
RHODIA SA 3218857Q IX -72552001.48 7951699362
RHODIA SA RHAUSD EO -72552001.48 7951699362
RHODIA SA RHA QM -72552001.48 7951699362
RHODIA SA RHAGBX EO -72552001.48 7951699362
RHODIA SA RHA EU -72552001.48 7951699362
RHODIA SA RHAUSD EU -72552001.48 7951699362
RHODIA SA RHA BQ -72552001.48 7951699362
RHODIA SA RHDAF US -72552001.48 7951699362
RHODIA SA RHADF US -72552001.48 7951699362
RHODIA SA RHA EO -72552001.48 7951699362
RHODIA SA RHA VX -72552001.48 7951699362
RHODIA SA RHA S1 -72552001.48 7951699362
RHODIA SA RHA PZ -72552001.48 7951699362
RHODIA SA RHAGBP EO -72552001.48 7951699362
RHODIA SA RHA GK -72552001.48 7951699362
RHODIA SA RHA EB -72552001.48 7951699362
RHODIA SA RHA FP -72552001.48 7951699362
RHODIA SA RHD GR -72552001.48 7951699362
RHODIA SA RHAGBX EU -72552001.48 7951699362
RHODIA SA RHA TQ -72552001.48 7951699362
RHODIA SA 2324011Q EU -72552001.48 7951699362
RHODIA SA RHANR PZ -72552001.48 7951699362
RHODIA SA RHA IX -72552001.48 7951699362
RHODIA SA RHA NQ -72552001.48 7951699362
RHODIA SA RHDI TH -72552001.48 7951699362
RHODIA SA - NEW 3156011Q FP -72552001.48 7951699362
RHODIA SA - NEW RHANV FP -72552001.48 7951699362
RHODIA SA - NEW 2335921Q FP -72552001.48 7951699362
RHODIA SA - NEW 8125782Q FP -72552001.48 7951699362
RHODIA SA - NEW 3506266Q FP -72552001.48 7951699362
RHODIA SA-ADR RHAYY US -72552001.48 7951699362
RHODIA SA-NON RE RHANR FP -72552001.48 7951699362
RHODIA SA-RIGHTS RHADS FP -72552001.48 7951699362
RHODIA SA-RIGHTS 653447Q FP -72552001.48 7951699362
RODRIGUEZ GROUP RGX GR -91750912.54 173903830.1
RODRIGUEZ GROUP ROD TQ -91750912.54 173903830.1
RODRIGUEZ GROUP ROD S1 -91750912.54 173903830.1
RODRIGUEZ GROUP ROD PZ -91750912.54 173903830.1
RODRIGUEZ GROUP RRGZF US -91750912.54 173903830.1
RODRIGUEZ GROUP ROD EU -91750912.54 173903830.1
RODRIGUEZ GROUP RDGP IX -91750912.54 173903830.1
RODRIGUEZ GROUP ROD BQ -91750912.54 173903830.1
RODRIGUEZ GROUP ROD EO -91750912.54 173903830.1
RODRIGUEZ GROUP ROD FP -91750912.54 173903830.1
SANDOZ SAS 3635111Z FP -18996502.07 160259044.1
SDR CENTREST 117241Q FP -132420129.5 252176017.2
SEAFRANCE SA 1707464Z FP -1015379.945 247033398.8
SHEET ANCHOR FRA 4745417Z FP -14101146.92 168600747.8
SIEMENS TRANSMIS 4678865Z FP -19930279.05 315622985.4
SIEMENS VAI META 4634441Z FP -5935043.753 301409565.6
SOC NICOISE REAL 4749097Z FP -15642386.55 101088937.4
SOCIETE COMMERCI 4516647Z FP -179862008.2 1576030746
SOCIETE D'AGENCE 4741441Z FP -11128710.59 243411105.2
SOCIETE DES AUTO SEAUF US -251756893.2 10625026266
SOCIETE DES AUTO ARRGBX EO -251756893.2 10625026266
SOCIETE DES AUTO ARR1 PZ -251756893.2 10625026266
SOCIETE DES AUTO ARRGBP EO -251756893.2 10625026266
SOCIETE DES AUTO ARR1 VX -251756893.2 10625026266
SOCIETE DES AUTO RK9 GR -251756893.2 10625026266
SOCIETE DES AUTO ARR BQ -251756893.2 10625026266
SOCIETE DES-ADR SEAUY US -251756893.2 10625026266
SOGARA FRANCE 4674897Z FP -62973.12595 362782264
SOLVAY PHARMA SA 4525911Z FP -25551805.99 108445558.7
ST-ERICSSON GREN 4753017Z FP -28457816.66 102361354.6
TEAM PARTNER-RTS 633323Q FP -13557467.93 129831049
TEAM PARTNER-RTS 2841653Q FP -13557467.93 129831049
TEAM PARTNERS TPTRF US -13557467.93 129831049
TEAM PARTNERS TPGY IX -13557467.93 129831049
TEAM PARTNERS 2347985Q EO -13557467.93 129831049
TEAM PARTNERS TIP FP -13557467.93 129831049
TEAM PARTNERS TIP PZ -13557467.93 129831049
TEAM PARTNERS 2347981Q EU -13557467.93 129831049
TEAM PARTNERS GR TIPNV FP -13557467.93 129831049
TEAM PARTNERS GR TIPA FP -13557467.93 129831049
TEAM PARTNERS GR TPGP PZ -13557467.93 129831049
TEAM PARTNERS GR TPGP IX -13557467.93 129831049
TEAM PARTNERS GR TIPA EU -13557467.93 129831049
TEAM PARTNERS GR TIPDS FP -13557467.93 129831049
TEAM PARTNERS GR TIPA EO -13557467.93 129831049
TEAM PARTNERS-N TIPN FP -13557467.93 129831049
TF1 VIDEO SASU 4516855Z FP -14497962.96 104782781.8
THALES SECURITY 4701729Z FP -426153529.7 822653430.4
THALES SERVICES 3636471Z FP -68610758.53 645796540.3
THOMSON TELECOM 4516815Z FP -35805908.77 528384056.4
THYSSENKRUPP SOF 4740929Z FP -34703144.08 214714504
TRABET-TRAVAUX E 4782745Z FP -1512762.505 110553204.9
TRANSOLVER SERVI 4521279Z FP -36332151.84 199228520.9
TREVES 4722153Z FP -50694749.81 386836995.6
TROUVAY CAUVIN TVYCF US -396977.8818 133986439.7
TROUVAY CAUVIN ETEC FP -396977.8818 133986439.7
TUILERIES FINANC 4701769Z FP -3956839.937 125936634.2
VISTEON SYSTEMES 4699177Z FP -156611406.8 305260373.5
YPSO FRANCE SAS 711227Z FP -1351250200 4088652781
YVES ST LAURENT/ 4633025Z FP -82897369.68 390343397.3
GEORGIA
-------
DEVELICA DEUTSCH D4B GR -79827494.88 1139643575
DEVELICA DEUTSCH DDE IX -79827494.88 1139643575
DEVELICA DEUTSCH DDE PZ -79827494.88 1139643575
DEVELICA DEUTSCH DDE PG -79827494.88 1139643575
DEVELICA DEUTSCH DDE LN -79827494.88 1139643575
GERMANY
-------
AGOR AG DOO S1 -482449.8788 144432986.2
AGOR AG NDAGF US -482449.8788 144432986.2
AGOR AG DOO EU -482449.8788 144432986.2
AGOR AG DOOG IX -482449.8788 144432986.2
AGOR AG DOO GR -482449.8788 144432986.2
AGOR AG DOO EO -482449.8788 144432986.2
AGOR AG DOOD PZ -482449.8788 144432986.2
AGOR AG-RTS 2301918Z GR -482449.8788 144432986.2
ALNO AG ANO EO -73704044.41 211434051.7
ALNO AG ANO S1 -73704044.41 211434051.7
ALNO AG ANO PZ -73704044.41 211434051.7
ALNO AG ANO EU -73704044.41 211434051.7
ALNO AG ANO TH -73704044.41 211434051.7
ALNO AG ALNO IX -73704044.41 211434051.7
ALNO AG ANO GR -73704044.41 211434051.7
ALNO AG - RTS ANO2 GR -73704044.41 211434051.7
ALNO AG-NEW ANO1 GR -73704044.41 211434051.7
ALNO AG-RTS 4123912Z GR -73704044.41 211434051.7
ALNO AG-RTS 8174351Z GR -73704044.41 211434051.7
ALNO AG-RTS 2259765Z GR -73704044.41 211434051.7
BOSCH SOLAR THIN 2734946Z GR -5092819.401 206942365.9
BROKAT AG BRKAF US -27134800.92 143511443.1
BROKAT AG BROFQ US -27134800.92 143511443.1
BROKAT AG BKISF US -27134800.92 143511443.1
BROKAT AG BROAF US -27134800.92 143511443.1
BROKAT AG -NEW BRJ1 NM -27134800.92 143511443.1
BROKAT AG -NEW BRJ1 GR -27134800.92 143511443.1
BROKAT AG-ADR BROA US -27134800.92 143511443.1
BROKAT TECH -ADR BROAQ US -27134800.92 143511443.1
BROKAT TECH AG BRJ GR -27134800.92 143511443.1
BROKAT TECH AG BSA LN -27134800.92 143511443.1
BROKAT TECH AG BRJ NM -27134800.92 143511443.1
BROKAT TECH-ADR BRJA GR -27134800.92 143511443.1
COGNIS GMBH 575202Z GR -745013993.7 3306935972
COMMERZ REAL MOB 3988716Z GR -4537893.206 2292335153
COMPASS GROUP DE 3896530Z GR -45713969.85 408640427.9
CONERGY AG CGYKUSD EO -506044.0063 390918994.9
CONERGY AG CGY EU -506044.0063 390918994.9
CONERGY AG CGY GR -506044.0063 390918994.9
CONERGY AG CGYKGBX EO -506044.0063 390918994.9
CONERGY AG CGY TQ -506044.0063 390918994.9
CONERGY AG CGYUSD EU -506044.0063 390918994.9
CONERGY AG CGYK S1 -506044.0063 390918994.9
CONERGY AG CGYK IX -506044.0063 390918994.9
CONERGY AG CEYHF US -506044.0063 390918994.9
CONERGY AG CGYUSD EO -506044.0063 390918994.9
CONERGY AG CGYK EB -506044.0063 390918994.9
CONERGY AG CGYGBX EO -506044.0063 390918994.9
CONERGY AG CGYK BQ -506044.0063 390918994.9
CONERGY AG CGY BQ -506044.0063 390918994.9
CONERGY AG CGYK GR -506044.0063 390918994.9
CONERGY AG CGYK TQ -506044.0063 390918994.9
CONERGY AG CGYKUSD EU -506044.0063 390918994.9
CONERGY AG CGY PZ -506044.0063 390918994.9
CONERGY AG CGY EO -506044.0063 390918994.9
CONERGY AG CGY IX -506044.0063 390918994.9
CONERGY AG CGY NQ -506044.0063 390918994.9
CONERGY AG CGYK EU -506044.0063 390918994.9
CONERGY AG CGY EB -506044.0063 390918994.9
CONERGY AG CGY QM -506044.0063 390918994.9
CONERGY AG CGY TH -506044.0063 390918994.9
CONERGY AG CGYK EO -506044.0063 390918994.9
CONERGY AG CGYKGBP EO -506044.0063 390918994.9
CONERGY AG CGYK PZ -506044.0063 390918994.9
CONERGY AG CGYK TH -506044.0063 390918994.9
CONERGY AG CGYGBP EO -506044.0063 390918994.9
CONERGY AG CGYK QM -506044.0063 390918994.9
CONERGY AG CGY S1 -506044.0063 390918994.9
CONERGY AG -RTS CGYB GR -506044.0063 390918994.9
CONERGY AG-ALTAK CGY2 GR -506044.0063 390918994.9
CONERGY AG-RTS 9274362Z GR -506044.0063 390918994.9
EDOB ABWICKLUNGS ESC TH -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EO -22323468.51 425598807.8
EDOB ABWICKLUNGS ESCDF US -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC GR -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EU -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC BQ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC TQ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC PZ -22323468.51 425598807.8
EM.TV & MERCHAND ETV NM -22067243.56 849175624.7
EM.TV & MERCHAND ETV VX -22067243.56 849175624.7
EM.TV & MERCHAND ETVMF US -22067243.56 849175624.7
EM.TV & MERCHAND EMTVF US -22067243.56 849175624.7
EM.TV & MERCHAND ETV LN -22067243.56 849175624.7
EM.TV & MERCHAND 985403Q GR -22067243.56 849175624.7
EM.TV & MERC-NEW ETV1 GR -22067243.56 849175624.7
EM.TV & MERC-NEW ETV1 NM -22067243.56 849175624.7
EM.TV & MERC-RTS ETV8 GR -22067243.56 849175624.7
EM.TV & MERC-RTS ETV8 NM -22067243.56 849175624.7
ESCADA AG ESCG IX -22323468.51 425598807.8
ESCADA AG -PFD ESC3 GR -22323468.51 425598807.8
ESCADA AG-NEW 3069367Q GR -22323468.51 425598807.8
ESCADA AG-NEW 835345Q GR -22323468.51 425598807.8
ESCADA AG-NEW ESCN GR -22323468.51 425598807.8
ESCADA AG-NEW ESCN EO -22323468.51 425598807.8
ESCADA AG-NEW ESCD GR -22323468.51 425598807.8
ESCADA AG-NEW ESCC GR -22323468.51 425598807.8
ESCADA AG-NEW ESCN EU -22323468.51 425598807.8
ESCADA AG-RTS ESCE GR -22323468.51 425598807.8
ESCADA AG-SP ADR ESCDY US -22323468.51 425598807.8
GENERAL ELECTRIC 4501923Z GR -547318343.8 8720530002
GUENTHER & SOHN GUS PZ -9612095.264 130075209
GUENTHER & SOHN GUS EO -9612095.264 130075209
GUENTHER & SOHN GUS GR -9612095.264 130075209
GUENTHER & SOHN GUS EU -9612095.264 130075209
KABEL DEUTSC-ADR KBDHY US -1921707863 3240567525
KABEL DEUTSCHLAN KD8 TH -1921707863 3240567525
KABEL DEUTSCHLAN KD8 S1 -1921707863 3240567525
KABEL DEUTSCHLAN KD8 EB -1921707863 3240567525
KABEL DEUTSCHLAN KD8 TQ -1921707863 3240567525
KABEL DEUTSCHLAN KD8 EU -1921707863 3240567525
KABEL DEUTSCHLAN KD8GBP EO -1921707863 3240567525
KABEL DEUTSCHLAN KD8 NR -1921707863 3240567525
KABEL DEUTSCHLAN KD8 GR -1921707863 3240567525
KABEL DEUTSCHLAN KD8 EO -1921707863 3240567525
KABEL DEUTSCHLAN KD8USD EU -1921707863 3240567525
KABEL DEUTSCHLAN KD8 PZ -1921707863 3240567525
KABEL DEUTSCHLAN KBDHF US -1921707863 3240567525
KABEL DEUTSCHLAN KD8 QM -1921707863 3240567525
KABEL DEUTSCHLAN KD8 IX -1921707863 3240567525
KABEL DEUTSCHLAN KD8 BQ -1921707863 3240567525
KABEL DEUTSCHLAN KD8USD EO -1921707863 3240567525
KABEL DEUTS-CW10 DB7KWG GR -1921707863 3240567525
KAUFRING AG KFR GR -19296489.56 150995473.8
KAUFRING AG KAUG IX -19296489.56 150995473.8
KAUFRING AG KFR EU -19296489.56 150995473.8
KAUFRING AG KFR EO -19296489.56 150995473.8
KAUFRING AG KFR PZ -19296489.56 150995473.8
MANIA TECHNOLOGI MNI S1 -35060809.35 107465713.6
MANIA TECHNOLOGI MIAVF US -35060809.35 107465713.6
MANIA TECHNOLOGI MNI1 EO -35060809.35 107465713.6
MANIA TECHNOLOGI MNI NM -35060809.35 107465713.6
MANIA TECHNOLOGI MNI1 EU -35060809.35 107465713.6
MANIA TECHNOLOGI MNI PZ -35060809.35 107465713.6
MANIA TECHNOLOGI MNI GR -35060809.35 107465713.6
MANIA TECHNOLOGI 2260970Z GR -35060809.35 107465713.6
MANIA TECHNOLOGI MNIG IX -35060809.35 107465713.6
MANIA TECHNOLOGI MNI TH -35060809.35 107465713.6
MATERNUS KLINI-N MAK1 GR -17249775.07 161290141
MATERNUS-KLINIKE MAK GR -17249775.07 161290141
MATERNUS-KLINIKE MNUKF US -17249775.07 161290141
MATERNUS-KLINIKE MAK EO -17249775.07 161290141
MATERNUS-KLINIKE MAK S1 -17249775.07 161290141
MATERNUS-KLINIKE MAK PZ -17249775.07 161290141
MATERNUS-KLINIKE MAK TH -17249775.07 161290141
MATERNUS-KLINIKE MAK EU -17249775.07 161290141
MATERNUS-KLINIKE MAKG IX -17249775.07 161290141
NORDAG AG DOO1 GR -482449.8788 144432986.2
NORDAG AG-PFD DOO3 GR -482449.8788 144432986.2
NORDAG AG-RTS DOO8 GR -482449.8788 144432986.2
NORDENIA INTL AG NOD GR -74471727.44 729626481.3
NORDENIA INTL AG NOD8 GR -74471727.44 729626481.3
NORDSEE AG 533061Q GR -8200551.142 194616922.6
NUERNB HYPO-RTS NUE8 GR -2104037124 5.86E+11
NUERNB HYPOTHEK 0478131D GR -2104037124 5.86E+11
PFLEIDERER AG PBVDF US -97572495.87 1832488196
PFLEIDERER AG-BE PFD GR -97572495.87 1832488196
PFLEIDERER A-RTS PFDB GR -97572495.87 1832488196
PFLEIDERER-NEW PFD1 GR -97572495.87 1832488196
PFLEIDERER-REG PFD4 EB -97572495.87 1832488196
PFLEIDERER-REG PFD4 EU -97572495.87 1832488196
PFLEIDERER-REG PFD4GBP EO -97572495.87 1832488196
PFLEIDERER-REG PFD4 TH -97572495.87 1832488196
PFLEIDERER-REG PFD4 NR -97572495.87 1832488196
PFLEIDERER-REG PFD4 TQ -97572495.87 1832488196
PFLEIDERER-REG PFD4GBX EO -97572495.87 1832488196
PFLEIDERER-REG PFDG IX -97572495.87 1832488196
PFLEIDERER-REG PFD4 S1 -97572495.87 1832488196
PFLEIDERER-REG PFD4 EO -97572495.87 1832488196
PFLEIDERER-REG PFD4 PZ -97572495.87 1832488196
PFLEIDERER-REG PFD4 GR -97572495.87 1832488196
PFLEIDERER-REG PFD4 QM -97572495.87 1832488196
PFLEIDERER-REG PFD4GBX EU -97572495.87 1832488196
PFLEIDERER-REG PFD4 NQ -97572495.87 1832488196
PFLEIDERER-REG PFD4 BQ -97572495.87 1832488196
PFLEIDERER-REG PFEIF US -97572495.87 1832488196
PRIMACOM AG PRCG IX -18656751.16 610380925.7
PRIMACOM AG PRC2 GR -18656751.16 610380925.7
PRIMACOM AG PRC S1 -18656751.16 610380925.7
PRIMACOM AG PRC NM -18656751.16 610380925.7
PRIMACOM AG PCAGF US -18656751.16 610380925.7
PRIMACOM AG PRC EU -18656751.16 610380925.7
PRIMACOM AG PRC GR -18656751.16 610380925.7
PRIMACOM AG PRC TH -18656751.16 610380925.7
PRIMACOM AG PRCG PZ -18656751.16 610380925.7
PRIMACOM AG PRC EO -18656751.16 610380925.7
PRIMACOM AG-ADR PCAGY US -18656751.16 610380925.7
PRIMACOM AG-ADR PCAG US -18656751.16 610380925.7
PRIMACOM AG-ADR+ PCAG ES -18656751.16 610380925.7
RAG ABWICKL-REG ROSG PZ -1744124.2 217776125.8
RAG ABWICKL-REG ROS GR -1744124.2 217776125.8
RAG ABWICKL-REG ROS S1 -1744124.2 217776125.8
RAG ABWICKL-REG ROS1 EO -1744124.2 217776125.8
RAG ABWICKL-REG ROS1 EU -1744124.2 217776125.8
RAG ABWICKL-REG RSTHF US -1744124.2 217776125.8
RINOL AG RILB S1 -1.171602 168095049.1
RINOL AG RILB GR -1.171602 168095049.1
RINOL AG RIL GR -1.171602 168095049.1
RINOL AG RILB IX -1.171602 168095049.1
RINOL AG RNLAF US -1.171602 168095049.1
RINOL AG RILB EU -1.171602 168095049.1
RINOL AG RILB PZ -1.171602 168095049.1
RINOL AG RILB EO -1.171602 168095049.1
ROSENTHAL AG 2644179Q GR -1744124.2 217776125.8
ROSENTHAL AG-ACC ROS4 GR -1744124.2 217776125.8
ROSENTHAL AG-ADR RSTHY US -1744124.2 217776125.8
ROSENTHAL AG-REG ROSG IX -1744124.2 217776125.8
SINNLEFFERS AG WHG GR -4491635.615 453887060.1
SOLON AG FUE-NEW SOO4 GR -138663225.9 627116116.4
SOLON AG FUE-NEW SOOJ GR -138663225.9 627116116.4
SOLON AG FUE-NEW SOO3 GR -138663225.9 627116116.4
SOLON AG FUER SO SOO GR -138663225.9 627116116.4
SOLON AG FUER SO SOOG IX -138663225.9 627116116.4
SOLON AG FUE-RTS 2292896Z GR -138663225.9 627116116.4
SOLON AG FU-MEW 532564Q GR -138663225.9 627116116.4
SOLON SE SOO1 PZ -138663225.9 627116116.4
SOLON SE SOON EU -138663225.9 627116116.4
SOLON SE SOO1 GR -138663225.9 627116116.4
SOLON SE SOO1USD EO -138663225.9 627116116.4
SOLON SE SOO1 TH -138663225.9 627116116.4
SOLON SE SGFRF US -138663225.9 627116116.4
SOLON SE SOO1 TQ -138663225.9 627116116.4
SOLON SE SOO1 S1 -138663225.9 627116116.4
SOLON SE SNBZF US -138663225.9 627116116.4
SOLON SE SOO1 EO -138663225.9 627116116.4
SOLON SE SOON EO -138663225.9 627116116.4
SOLON SE SOO1 EU -138663225.9 627116116.4
SOLON SE SOO1 BQ -138663225.9 627116116.4
SOLON SE SOON GR -138663225.9 627116116.4
SOLON SE SOO1USD EU -138663225.9 627116116.4
SOLON SE-RTS 3664247Z GR -138663225.9 627116116.4
SPAR HANDELS-AG 773844Q GR -442426239.7 1433020961
SPAR HANDELS-AG SPHFF US -442426239.7 1433020961
SPAR HAND-PFD NV SPA3 GR -442426239.7 1433020961
TA TRIUMPH-ACQ TWNA GR -124667889.5 375247226.8
TA TRIUMPH-ACQ TWNA EU -124667889.5 375247226.8
TA TRIUMPH-ADLER TTZAF US -124667889.5 375247226.8
TA TRIUMPH-ADLER TWNG IX -124667889.5 375247226.8
TA TRIUMPH-ADLER TWN PZ -124667889.5 375247226.8
TA TRIUMPH-ADLER 0292922D GR -124667889.5 375247226.8
TA TRIUMPH-ADLER TWN EU -124667889.5 375247226.8
TA TRIUMPH-ADLER TWN EO -124667889.5 375247226.8
TA TRIUMPH-A-RTS 1018916Z GR -124667889.5 375247226.8
TA TRIUMPH-NEW TWN1 GR -124667889.5 375247226.8
TA TRIUMPH-RT TWN8 GR -124667889.5 375247226.8
TA TRIUMPH-RTS 3158577Q GR -124667889.5 375247226.8
GREECE
------
AG PETZETAKIS SA PZETF US -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EO -110812812.5 206429374.1
AG PETZETAKIS SA PETZK PZ -110812812.5 206429374.1
AG PETZETAKIS SA PTZ1 GR -110812812.5 206429374.1
AG PETZETAKIS SA PTZ GR -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EU -110812812.5 206429374.1
AG PETZETAKIS SA PETZK GA -110812812.5 206429374.1
ALAPIS HOLDING 3385874Q GA -670700605.1 924332371.1
ALAPIS HOLDING I V2R GR -670700605.1 924332371.1
ALAPIS HOLDING I VTERF US -670700605.1 924332371.1
ALAPIS HOLDING I FFE GR -670700605.1 924332371.1
ALAPIS HOLDING I ALAPIS EU -670700605.1 924332371.1
ALAPIS HOLDING I VETER GA -670700605.1 924332371.1
ALAPIS HOLDIN-RT ALAPISR GA -670700605.1 924332371.1
ALAPIS REPO ALAPL10 GA -670700605.1 924332371.1
ALAPIS R-R ALAPV10 GA -670700605.1 924332371.1
ALAPIS SA ALAPI EU -670700605.1 924332371.1
ALAPIS SA ALAPI EO -670700605.1 924332371.1
ALAPIS SA ALAPIS GA -670700605.1 924332371.1
ALAPIS SA FFEF GR -670700605.1 924332371.1
ALAPIS SA FFEB GR -670700605.1 924332371.1
ALAPIS SA ALAPIS PZ -670700605.1 924332371.1
ALAPIS SA APSHF US -670700605.1 924332371.1
ASPIS BANK SA ASEUF US -46224213.41 3486115450
ASPIS BANK-RIGHT 365673Q GA -46224213.41 3486115450
ASPIS BANK-RTS ASPTR GA -46224213.41 3486115450
ASPIS BANK-RTS 839325Q GA -46224213.41 3486115450
ASPIS BANK-RTS 3558423Q GA -46224213.41 3486115450
ASPIS MORT-RTS ASPTD GA -46224213.41 3486115450
ASPIS PRONIA GE AISQF US -189908329.1 896537349.7
ASPIS PRONIA GE ASASK GA -189908329.1 896537349.7
ASPIS PRONIA GE ASASK EU -189908329.1 896537349.7
ASPIS PRONIA GE ASASK PZ -189908329.1 896537349.7
ASPIS PRONIA GE ASASK EO -189908329.1 896537349.7
ASPIS PRONIA -PF ASAPR GA -189908329.1 896537349.7
ASPIS PRONIA-PF APGV GR -189908329.1 896537349.7
ASPIS PRONIA-PF ASASP GA -189908329.1 896537349.7
ASPIS PRONIA-RT ASASKR GA -189908329.1 896537349.7
ASPIS PRONOIA GE APGG IX -189908329.1 896537349.7
ASPIS PRONOIA GE APG GR -189908329.1 896537349.7
ASPIS PRON-PF RT ASASPR GA -189908329.1 896537349.7
ATLANTIC SUPERMA ATLA GA -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EU -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EO -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA PZ -76261648.16 315891294.2
EDRASIS C. PSALL EDRAR GA -68424544.93 193206489.9
EDRASIS PSALIDAS EDRA EU -68424544.93 193206489.9
EDRASIS PSALIDAS EDRA EO -68424544.93 193206489.9
EDRASIS PSALIDAS EPP GR -68424544.93 193206489.9
EDRASIS PSALIDAS EDRA GA -68424544.93 193206489.9
EDRASIS PSALIDAS EDRA PZ -68424544.93 193206489.9
EDRASIS-AUCTION EDRAE GA -68424544.93 193206489.9
EMPEDOS SA EMPED GA -33637669.62 174742646.9
EMPEDOS SA-RTS EMPEDR GA -33637669.62 174742646.9
HELLAS ONLINE SA BRAIN PZ -4264723.817 411173224.1
HELLAS ONLINE SA BRAIN EO -4264723.817 411173224.1
HELLAS ONLINE SA 0394471Q GA -4264723.817 411173224.1
HELLAS ONLINE SA UN5 GR -4264723.817 411173224.1
HELLAS ONLINE SA BRAIN GA -4264723.817 411173224.1
HELLAS ONLINE SA BRAIN EU -4264723.817 411173224.1
HELLAS ONLINE SA HOL GA -4264723.817 411173224.1
HELLAS ONLIN-RTS HOLR GA -4264723.817 411173224.1
KATSELIS SON-P R KATPD GA -84623057.15 115632796.2
KATSELIS SONS-PF KATSP GA -84623057.15 115632796.2
KATSELIS SONS-RT KATKD GA -84623057.15 115632796.2
LAMBRAKIS PR -RT DOLD GA -39671021.31 225710342.6
LAMBRAKIS PRESS LMBKF US -39671021.31 225710342.6
LAMBRAKIS PRESS DOL EU -39671021.31 225710342.6
LAMBRAKIS PRESS LA3A GR -39671021.31 225710342.6
LAMBRAKIS PRESS DOL GA -39671021.31 225710342.6
LAMBRAKIS PRESS LA3 GR -39671021.31 225710342.6
LAMBRAKIS PRESS DOL PZ -39671021.31 225710342.6
LAMBRAKIS PRESS DOL EO -39671021.31 225710342.6
LAMBRAKIS REPO DOLL10 GA -39671021.31 225710342.6
LAMBRAKIS R-R DOLV10 GA -39671021.31 225710342.6
LAMBRAKIS-AUC DOLE GA -39671021.31 225710342.6
LAVIPHARM SA LAVI GA -5006040.333 167080549.6
LAVIPHARM SA LAVI EU -5006040.333 167080549.6
LAVIPHARM SA LAVI EO -5006040.333 167080549.6
LAVIPHARM SA LAVI PZ -5006040.333 167080549.6
LAVIPHARM SA LVP GR -5006040.333 167080549.6
LAVIPHARM SA BXA GR -5006040.333 167080549.6
LAVIPHARM SA LVIXF US -5006040.333 167080549.6
LAVIPHARM SA-RTS LAVID GA -5006040.333 167080549.6
LAVIPHARM SA-RTS LAVIR GA -5006040.333 167080549.6
LAVIPHARM-AUC LAVIE GA -5006040.333 167080549.6
MAILLIS MLISF US -2041887.566 401387790.4
MAILLIS -RTS MAIKR GA -2041887.566 401387790.4
MAILLIS-SPON ADR MJMSY US -2041887.566 401387790.4
MARITIME CO LESB MEKD CH -7779986.972 235355419.9
MARITIME CO LESB NELD GA -7779986.972 235355419.9
MARITIME CO LESV NEL PZ -7779986.972 235355419.9
MARITIME CO LESV MTMLF US -7779986.972 235355419.9
MARITIME CO LESV NEL EU -7779986.972 235355419.9
MARITIME CO LESV NEL GA -7779986.972 235355419.9
MARITIME CO LESV NEL EO -7779986.972 235355419.9
MARITIME CO LESV MCV GR -7779986.972 235355419.9
MARITIME CO -RTS 2749585Q GA -7779986.972 235355419.9
MARITIME COMPANY NELE GA -7779986.972 235355419.9
MARITIME COM-RTS NELR GA -7779986.972 235355419.9
MARITIME CO-RTS 5078509Q GA -7779986.972 235355419.9
MARITIME LESV-RT NELBR GA -7779986.972 235355419.9
MJ MAILLIS S.A. MJL GR -2041887.566 401387790.4
MJ MAILLIS S.A. MAIK PZ -2041887.566 401387790.4
MJ MAILLIS S.A. MAIK EU -2041887.566 401387790.4
MJ MAILLIS S.A. MAIK GA -2041887.566 401387790.4
MJ MAILLIS S.A. MAIK EO -2041887.566 401387790.4
NAOUSSA SPIN -RT NAOYD GA -163114842.1 286539436.9
NAOUSSA SPIN-AUC NAOYKE GA -163114842.1 286539436.9
NAOUSSA SPINNING NML GR -163114842.1 286539436.9
NAOUSSA SPIN-RTS NAOYKR GA -163114842.1 286539436.9
NUTRIART S.A. KTSEF US -84623057.15 115632796.2
NUTRIART S.A. KATSK GA -84623057.15 115632796.2
NUTRIART SA KATSK EO -84623057.15 115632796.2
NUTRIART SA KATSK PZ -84623057.15 115632796.2
NUTRIART SA NUTRIART GA -84623057.15 115632796.2
NUTRIART SA KATSK EU -84623057.15 115632796.2
NUTRIART-RTS 3411089Q GA -84623057.15 115632796.2
PETZET - PFD-RTS PETZPD GA -110812812.5 206429374.1
PETZETAKIS - RTS PETZKD GA -110812812.5 206429374.1
PETZETAKIS-AUC PETZKE GA -110812812.5 206429374.1
PETZETAKIS-PFD PTZ3 GR -110812812.5 206429374.1
PETZETAKIS-PFD PETZP GA -110812812.5 206429374.1
RADIO KORASSIDIS KORA GA -100972173.9 244951680.3
RADIO KORASSIDIS RAKOF US -100972173.9 244951680.3
RADIO KORASSIDIS RKC GR -100972173.9 244951680.3
RADIO KORASSI-RT KORAD GA -100972173.9 244951680.3
RADIO KORASS-RTS KORAR GA -100972173.9 244951680.3
T BANK ASPT EU -46224213.41 3486115450
T BANK ASPT GA -46224213.41 3486115450
T BANK ASPT EO -46224213.41 3486115450
T BANK TBANK EU -46224213.41 3486115450
T BANK TBANK EO -46224213.41 3486115450
T BANK ASPT PZ -46224213.41 3486115450
T BANK TBANK GA -46224213.41 3486115450
THEMELIODOMI THEME GA -55751173.78 232036822.6
THEMELIODOMI-AUC THEMEE GA -55751173.78 232036822.6
THEMELIODOMI-RTS THEMER GA -55751173.78 232036822.6
THEMELIODOMI-RTS THEMED GA -55751173.78 232036822.6
UNITED TEXTILES NML1 GR -163114842.1 286539436.9
UNITED TEXTILES UTEX PZ -163114842.1 286539436.9
UNITED TEXTILES UTEX EO -163114842.1 286539436.9
UNITED TEXTILES NAOSF US -163114842.1 286539436.9
UNITED TEXTILES NAOYK GA -163114842.1 286539436.9
UNITED TEXTILES UTEX EU -163114842.1 286539436.9
UNITED TEXTILES UTEX GA -163114842.1 286539436.9
VETERIN - RIGHTS VETR GA -670700605.1 924332371.1
HUNGARY
-------
HUNGARIAN TELEPH HUGC IX -73723992 827192000
HUNGARIAN TELEPH HUC EX -73723992 827192000
INVITEL HOLD-ADR INVHY US -73723992 827192000
INVITEL HOLD-ADR 0IN GR -73723992 827192000
INVITEL HOLD-ADR IHO US -73723992 827192000
INVITEL HOLDINGS 3212873Z HB -73723992 827192000
IRELAND
-------
AIRPLANES HOLDIN 4461857Z ID -16556589608 931628665.2
ALECTRA FINANCE 4505075Z ID -59841094.81 1863021876
ARCADE PROPERTY 4461121Z ID -271759845.9 854806905.5
ARDAGH GLASS FIN 3489820Z ID -425719878.1 5124811840
ARNOTTS HOLDINGS 4462545Z ID -345703659.3 169928201.7
AVAYA HOLDINGS L 4491803Z ID -332334120.8 255019134.5
BALLYMORE PROPER 162707Z ID -243143095.2 972399152.8
BIRCHFORD INVEST 3802508Z ID -17025540.7 218278444.2
BPM IRELAND PLC 4471855Z ID -4595598.259 844444461.6
CAMBER 4 PLC 3807980Z ID -548127044.3 336912874.6
CAPEL DEVELOPMEN 3813016Z ID -54774206.54 118764190.8
COMMUNICORP GROU 1027859Z ID -28828642.17 309423497.3
CONOCOPHILLIPS I 4526671Z ID -215725943.4 369716179.9
CONOCOPHILLIPS W 3894318Z ID -176383297.5 403120095.3
DUOMO FUNDING PL 4462513Z ID -35248.53659 1636451107
ELAN PHARMA INTE 4515071Z ID -275500000 1657900032
ELLERSTON GEMS O 4781417Z ID -4056787.085 195869209.7
EURCO FINANCE 3799980Z ID -48643223.1 679126971.7
FOL INTERNATIONA 4513251Z ID -43457938.48 343547754.8
FRESHWATER FINAN 699575Z ID -251700725.1 1588010523
FRUIT OF THE LOO 4459361Z ID -85434026.52 344655328.1
GS MULTI-CURRENC 4780921Z ID -218031502.7 1766463253
INDEP NEWS & MED INM LN -257955932.2 715040181
INDEP NEWS & MED INWS IX -257955932.2 715040181
INDEP NEWS & MED INM1 EU -257955932.2 715040181
INDEP NEWS & MED INWS ID -257955932.2 715040181
INDEP NEWS & MED INM1GBX EO -257955932.2 715040181
INDEP NEWS & MED INNS VX -257955932.2 715040181
INDEP NEWS & MED IPDC GK -257955932.2 715040181
INDEP NEWS & MED INM1GBX EU -257955932.2 715040181
INDEP NEWS & MED INM VX -257955932.2 715040181
INDEP NEWS & MED IPD PZ -257955932.2 715040181
INDEP NEWS & MED INNZF US -257955932.2 715040181
INDEP NEWS & MED INM1 EO -257955932.2 715040181
INDEP NEWS & MED INM1 NQ -257955932.2 715040181
INDEP NEWS & MED INWS PO -257955932.2 715040181
INDEP NEWS & MED INM1 EB -257955932.2 715040181
INDEP NEWS & MED INM PZ -257955932.2 715040181
INDEP NEWS & MED INP NZ -257955932.2 715040181
INDEP NEWS & MED INM ID -257955932.2 715040181
INDEP NEWS & MED IPD PO -257955932.2 715040181
INDEP NEWS & MED INWS LN -257955932.2 715040181
INDEP NEWS & MED INM1 TQ -257955932.2 715040181
INDEP NEWS & MED IPDC GR -257955932.2 715040181
INDEP NEWS & MED INM1 NR -257955932.2 715040181
INDEP NEWS & MED INM S1 -257955932.2 715040181
INDEP NEWS & MED IPD GR -257955932.2 715040181
INDEP NEWS &-F/P INWF LN -257955932.2 715040181
INDEP NEWS &-F/P IPDC ID -257955932.2 715040181
INDEP NEWS &-N/P INDB ID -257955932.2 715040181
INDEP NEWS &-N/P INWN LN -257955932.2 715040181
INDEP NEWS &-NEW IPDA GR -257955932.2 715040181
INDEP NEWS &-NEW INWN ID -257955932.2 715040181
INDEP NEWS-ADR INNZY US -257955932.2 715040181
INDEP NEWSPAPERS IPNWF US -257955932.2 715040181
INDEP NEWSPAPERS QQIAF US -257955932.2 715040181
INDEPENDENT-FPR INMF ID -257955932.2 715040181
INDEPENDENT-FPR INMF LN -257955932.2 715040181
INDEPENDENT-FPR INMF PZ -257955932.2 715040181
INDEPENDENT-NPR INMN PZ -257955932.2 715040181
INDEPENDENT-NPR INMN ID -257955932.2 715040181
INDEPENDENT-NPR INMN LN -257955932.2 715040181
IRISH NATIONWIDE 1020Z ID -24460514.19 16215850688
LCH EUROPEAN POR 3809212Z ID -91665071.77 296022574.1
LTR FINANCE NO 8 3816616Z ID -8799339.829 323480874.1
MAINAU FUNDING L 4460161Z ID -216846138.8 1309830017
MCAFEE IRELAND L 3809112Z ID -39595362.44 515570024.5
MCINERNEY HLDGS MK9 PO -137972148.5 304108432.2
MCINERNEY HLDGS MCI EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI VX -137972148.5 304108432.2
MCINERNEY HLDGS MNEYF US -137972148.5 304108432.2
MCINERNEY HLDGS MCI LN -137972148.5 304108432.2
MCINERNEY HLDGS MK9 GR -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EU -137972148.5 304108432.2
MCINERNEY HLDGS MCII IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI EU -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBP EO -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI ID -137972148.5 304108432.2
MCINERNEY HLDGS MK9C PZ -137972148.5 304108432.2
MCINERNEY HLDGS MCI PO -137972148.5 304108432.2
MCINERNEY PROP-A MYP LN -137972148.5 304108432.2
MCINERNEY PROP-A MCIYF US -137972148.5 304108432.2
MCINERNEY PROP-A MYP ID -137972148.5 304108432.2
MCINERNEY -RT FP MCIF LN -137972148.5 304108432.2
MCINERNEY -RT FP MCIF ID -137972148.5 304108432.2
MCINERNEY -RT NP MCIN LN -137972148.5 304108432.2
MCINERNEY -RT NP MCIN ID -137972148.5 304108432.2
MCINERNEY-ADR MNEYY US -137972148.5 304108432.2
MYRMIDON CMBS PR 3819292Z ID -106452050.5 274187079.5
NOBLE CARBON CRE 3643943Z ID -19803913.97 122514177.1
NOVELL IRELAND S 3632507Z ID -42302599.57 275653812
PAYZONE PLC PAYZ EO -138030903.2 510010035.3
PAYZONE PLC PAYZ PZ -138030903.2 510010035.3
PAYZONE PLC PAYZ PG -138030903.2 510010035.3
PAYZONE PLC PAYZ LN -138030903.2 510010035.3
PAYZONE PLC PAYZ EU -138030903.2 510010035.3
PAYZONE PLC PAYZ IX -138030903.2 510010035.3
PAYZONE PLC 4P6 GR -138030903.2 510010035.3
QUINN GROUP LTD 166771Z ID -228838127.1 2504412121
RHATIGAN COMMERC 3800004Z ID -196980690.9 136107436.9
SALOME FUNDING P 747246Z ID -1780227.756 2390329099
SCHWARZ PHARMA L 626603Z ID -566486089.9 327913450.8
SHENDA IRELAND L 4781889Z ID -147003552 222048024.6
SPENCER DOCK DEV 3813908Z ID -87906519 773958702
START FUNDING NO 3816392Z ID -8410425.946 624257073.1
SUSQUEHANNA EURO 4459081Z ID -1252022268 5765502698
TAKEDA PHARMA IR 4460049Z ID -553964898.1 178556098.5
TOPAZ ENERGY GRO 4508643Z ID -20430096.67 574668196.2
UPC BROADBAND IR 3633179Z ID -295261091 748962719.5
WATERFORD - RTS WWWA GR -505729895.2 820803256
WATERFORD - RTS WWWB GR -505729895.2 820803256
WATERFORD - RTS WWWB ID -505729895.2 820803256
WATERFORD - RTS WWWA ID -505729895.2 820803256
WATERFORD - RTS 508519Q LN -505729895.2 820803256
WATERFORD - RTS 508523Q LN -505729895.2 820803256
WATERFORD CRYSTA 4459209Z ID -150440252.3 114111756.9
WATERFORD W-ADR WATWY US -505729895.2 820803256
WATERFORD WDGEWD WATWF US -505729895.2 820803256
WATERFORD WDGEWD WATFF US -505729895.2 820803256
WATERFORD WED-RT WWWD ID -505729895.2 820803256
WATERFORD WED-RT WWWC ID -505729895.2 820803256
WATERFORD WED-RT WTFR LN -505729895.2 820803256
WATERFORD WED-RT 586556Q LN -505729895.2 820803256
WATERFORD WED-RT WWWC GR -505729895.2 820803256
WATERFORD WED-RT WWWD GR -505729895.2 820803256
WATERFORD WED-RT 586552Q LN -505729895.2 820803256
WATERFORD WED-UT WTFU VX -505729895.2 820803256
WATERFORD WED-UT WWW PO -505729895.2 820803256
WATERFORD WED-UT WWWD PZ -505729895.2 820803256
WATERFORD WED-UT WTFU LN -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EO -505729895.2 820803256
WATERFORD WED-UT WWW GR -505729895.2 820803256
WATERFORD WED-UT WTFU EO -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EU -505729895.2 820803256
WATERFORD WED-UT WTFU PO -505729895.2 820803256
WATERFORD WED-UT WTFU ID -505729895.2 820803256
WATERFORD WED-UT WTFU IX -505729895.2 820803256
WATERFORD WED-UT WTFU EU -505729895.2 820803256
WATERFORD WE-RTS WTFF ID -505729895.2 820803256
WATERFORD WE-RTS WTFN VX -505729895.2 820803256
WATERFORD WE-RTS WTFN ID -505729895.2 820803256
WATERFORD WE-RTS WTFN LN -505729895.2 820803256
WATERFORD WE-RTS WTFF LN -505729895.2 820803256
WATERFORD-ADR UT WFWA GR -505729895.2 820803256
WATERFORD-ADR UT WATFZ US -505729895.2 820803256
WATERFORD-SUB 3001875Z ID -505729895.2 820803256
ICELAND
-------
AVION GROUP B1Q GR -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EU -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EO -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EU -223780368 2277882368
EIMSKIPAFELAG HF AVION IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EO -223780368 2277882368
EIMSKIPAFELAG HF HFEIM IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIM PZ -223780368 2277882368
ITALY
-----
AS ROMA SPA ASRO IX -66248672.26 227606539.7
AS ROMA SPA ASR EB -66248672.26 227606539.7
AS ROMA SPA ASR PZ -66248672.26 227606539.7
AS ROMA SPA ASR QM -66248672.26 227606539.7
AS ROMA SPA ASR IX -66248672.26 227606539.7
AS ROMA SPA ASRAF US -66248672.26 227606539.7
AS ROMA SPA ASR EU -66248672.26 227606539.7
AS ROMA SPA ASR BQ -66248672.26 227606539.7
AS ROMA SPA ASR IM -66248672.26 227606539.7
AS ROMA SPA ASR TQ -66248672.26 227606539.7
AS ROMA SPA ASR EO -66248672.26 227606539.7
AS ROMA SPA RO9 GR -66248672.26 227606539.7
AS ROMA SPA-RTS ASRAA IM -66248672.26 227606539.7
AUTOMOTIVE LIGHT 3895734Z IM -8797909.782 165588007.5
CANTIERI DI PISA 4313125Z IM -2611908.154 105466953.7
CIRIO FINANZIARI CRO IM -422095936.7 1583083044
CIRIO FINANZIARI FIY GR -422095936.7 1583083044
COGEME AXA COGAXA IM -77319804.75 102552226.7
COGEME AZXOBCV COGOB IM -77319804.75 102552226.7
COGEME SET SPA COG EO -77319804.75 102552226.7
COGEME SET SPA COG EU -77319804.75 102552226.7
COGEME SET SPA COG IM -77319804.75 102552226.7
COGEME SET SPA COG PZ -77319804.75 102552226.7
COGEME SET SPA CRT GR -77319804.75 102552226.7
COGEME SET SPA COGM IX -77319804.75 102552226.7
COIN SPA 965089Q GR -154057598.5 800526929.5
COIN SPA GUCIF US -154057598.5 800526929.5
COIN SPA GC IX -154057598.5 800526929.5
COIN SPA/OLD GC IM -154057598.5 800526929.5
COIN SPA-RTS GCAA IM -154057598.5 800526929.5
COMPAGNIA ITALIA CITU IX -137726596.3 527372691.4
COMPAGNIA ITALIA ICT IM -137726596.3 527372691.4
COMPAGNIA ITALIA CGLUF US -137726596.3 527372691.4
CREDITO FONDIARI CRF IM -200209050.3 4213063202
CREDITO FOND-RTS CRFSA IM -200209050.3 4213063202
DIMA COSTRUZIONI 4526911Z IM -14681477.1 426157772.4
DIMAFIN SPA 2727163Z IM -63237953.95 270856564.4
FINMATICA SPA FIN NM -126380828.5 281244456.3
FINMATICA SPA FMTAF US -126380828.5 281244456.3
FINMATICA SPA FIN IM -126380828.5 281244456.3
FINMATICA SPA FIT GR -126380828.5 281244456.3
GABETTI AXA+W GABAAW IM -11268334.91 224454564
GABETTI PROPERTY 0617059D IM -11268334.91 224454564
GABETTI PROPERTY GABH EU -11268334.91 224454564
GABETTI PROPERTY GAB PZ -11268334.91 224454564
GABETTI PROPERTY GAB BQ -11268334.91 224454564
GABETTI PROPERTY GAB IM -11268334.91 224454564
GABETTI PROPERTY GBTTF US -11268334.91 224454564
GABETTI PROPERTY GABH EO -11268334.91 224454564
GABETTI PROPERTY GABH TQ -11268334.91 224454564
GABETTI PROP-RTS GABAXA IM -11268334.91 224454564
GABETTI SPA GABH IM -11268334.91 224454564
GABETTI SPA GABI IX -11268334.91 224454564
GUERRINO PIVATO 4292565Z IM -41218066.44 397216267.9
I VIAGGI DEL VEN VVE EU -209436890.3 202705179.9
I VIAGGI DEL VEN VVE IM -209436890.3 202705179.9
I VIAGGI DEL VEN VVE TQ -209436890.3 202705179.9
I VIAGGI DEL VEN VVE EO -209436890.3 202705179.9
I VIAGGI DEL VEN VVE PZ -209436890.3 202705179.9
I VIAGGI DEL VEN IVGIF US -209436890.3 202705179.9
I VIAGGI DEL VEN VVE IX -209436890.3 202705179.9
I VIAGGI DEL VEN IV7 GR -209436890.3 202705179.9
I VIAGGI-RTS VVEAA IM -209436890.3 202705179.9
INDUSTRIE FINCUO 4270053Z IM -15676157.12 111118283.9
MAIRE TECNIM-ADR MTRCY US -18172040.27 3401620362
MAIRE TECNIMONT MT1 EB -18172040.27 3401620362
MAIRE TECNIMONT MTCM PZ -18172040.27 3401620362
MAIRE TECNIMONT MT1USD EO -18172040.27 3401620362
MAIRE TECNIMONT MT1 S1 -18172040.27 3401620362
MAIRE TECNIMONT MT1 EO -18172040.27 3401620362
MAIRE TECNIMONT MRTZF US -18172040.27 3401620362
MAIRE TECNIMONT MT1 TQ -18172040.27 3401620362
MAIRE TECNIMONT MT1 BQ -18172040.27 3401620362
MAIRE TECNIMONT MT1 NQ -18172040.27 3401620362
MAIRE TECNIMONT MT IX -18172040.27 3401620362
MAIRE TECNIMONT MT1 NR -18172040.27 3401620362
MAIRE TECNIMONT MT1 EU -18172040.27 3401620362
MAIRE TECNIMONT MT IM -18172040.27 3401620362
MAIRE TECNIMONT MT1 QM -18172040.27 3401620362
MAIRE TECNIMONT 3OY GR -18172040.27 3401620362
MAIRE TECNIMONT MT1USD EU -18172040.27 3401620362
MERIDIANA SPA 1163Z IM -4645217.834 187285866.9
MONTE MARE GRADO 4359985Z IM -535776.0315 100534744.7
NEXANS ITALIA SP 3636695Z IM -19973174.81 139448244.4
OLCESE SPA O IM -12846689.89 179691572.8
OLCESE SPA-RTS OAA IM -12846689.89 179691572.8
OLCESE VENEZIANO OLVE IM -12846689.89 179691572.8
OMNIA SERVICE CE 3401139Z IM -9159816.788 165737571.5
PARMALAT FINANZI FICN AV -18419396969 4120687886
PARMALAT FINANZI PMLFF US -18419396969 4120687886
PARMALAT FINANZI PRF IM -18419396969 4120687886
PARMALAT FINANZI PAF GR -18419396969 4120687886
PARMALAT FINANZI PRFI VX -18419396969 4120687886
PARMALAT FINANZI PMT LI -18419396969 4120687886
PARMALAT FINANZI PARAF US -18419396969 4120687886
PARMALAT FINA-RT PRFR AV -18419396969 4120687886
PRAMAC SPA PRAM IX -87225647.28 314935866.6
PRAMAC SPA PRA IM -87225647.28 314935866.6
PRAMAC SPA PRA2 EU -87225647.28 314935866.6
PRAMAC SPA 6PA GR -87225647.28 314935866.6
PRAMAC SPA PRAM PZ -87225647.28 314935866.6
PRAMAC SPA PRA2 EO -87225647.28 314935866.6
RISANAMEN-RNC OP RNROPA IM -182584482.9 2453594767
RISANAMENTO -OPA RNOPA IM -182584482.9 2453594767
RISANAMENTO -RNC RNR IM -182584482.9 2453594767
RISANAMENTO SPA RN PZ -182584482.9 2453594767
RISANAMENTO SPA RNGBX EO -182584482.9 2453594767
RISANAMENTO SPA RN IX -182584482.9 2453594767
RISANAMENTO SPA RN EO -182584482.9 2453594767
RISANAMENTO SPA RNGBX EU -182584482.9 2453594767
RISANAMENTO SPA RSMNF US -182584482.9 2453594767
RISANAMENTO SPA RN EU -182584482.9 2453594767
RISANAMENTO SPA RN TQ -182584482.9 2453594767
RISANAMENTO SPA RN BQ -182584482.9 2453594767
RISANAMENTO SPA RN IM -182584482.9 2453594767
RISANAMENTO SPA RN5 GR -182584482.9 2453594767
RISANAMENTO SPA RNGBP EO -182584482.9 2453594767
RISANAMENTO-RTS RNAA IM -182584482.9 2453594767
RISANAMENTO-RTS RNAXA IM -182584482.9 2453594767
RISANAMENTO-RTS RNAXO IM -182584482.9 2453594767
SEAT PAGINE PG1 EB -741904802.3 3755632231
SEAT PAGINE SP7A GR -741904802.3 3755632231
SEAT PAGINE PG1 NQ -741904802.3 3755632231
SEAT PAGINE SP7 GR -741904802.3 3755632231
SEAT PAGINE PG PZ -741904802.3 3755632231
SEAT PAGINE PG1USD EU -741904802.3 3755632231
SEAT PAGINE PG1 QM -741904802.3 3755632231
SEAT PAGINE SEEA LN -741904802.3 3755632231
SEAT PAGINE PG IM -741904802.3 3755632231
SEAT PAGINE 283147Q IM -741904802.3 3755632231
SEAT PAGINE PG VX -741904802.3 3755632231
SEAT PAGINE PGI1 IX -741904802.3 3755632231
SEAT PAGINE SPGMF US -741904802.3 3755632231
SEAT PAGINE PG BQ -741904802.3 3755632231
SEAT PAGINE PG1 NR -741904802.3 3755632231
SEAT PAGINE PG1USD EO -741904802.3 3755632231
SEAT PAGINE PG1GBX EO -741904802.3 3755632231
SEAT PAGINE PG1 TQ -741904802.3 3755632231
SEAT PAGINE PG1GBP EO -741904802.3 3755632231
SEAT PAGINE PG1 EO -741904802.3 3755632231
SEAT PAGINE PG1 EU -741904802.3 3755632231
SEAT PAGINE-ADR SPGMY US -741904802.3 3755632231
SEAT PAGINE-RSP SPGBF US -741904802.3 3755632231
SEAT PAGINE-RSP PGR EO -741904802.3 3755632231
SEAT PAGINE-RSP PGR EU -741904802.3 3755632231
SEAT PAGINE-RSP PGR IX -741904802.3 3755632231
SEAT PAGINE-RSP PGR IM -741904802.3 3755632231
SEAT PAGINE-RSP PGR PZ -741904802.3 3755632231
SEATPG AXA PGAXA IM -741904802.3 3755632231
SNIA BPD SN GR -141933895.2 150445252.4
SNIA BPD-ADR SBPDY US -141933895.2 150445252.4
SNIA SPA SSMLF US -141933895.2 150445252.4
SNIA SPA SIAI IX -141933895.2 150445252.4
SNIA SPA SIAI PZ -141933895.2 150445252.4
SNIA SPA SN EO -141933895.2 150445252.4
SNIA SPA SN IM -141933895.2 150445252.4
SNIA SPA SN EU -141933895.2 150445252.4
SNIA SPA SNIB GR -141933895.2 150445252.4
SNIA SPA SNIXF US -141933895.2 150445252.4
SNIA SPA SBPDF US -141933895.2 150445252.4
SNIA SPA SN TQ -141933895.2 150445252.4
SNIA SPA SNIA GR -141933895.2 150445252.4
SNIA SPA - RTS SNAAW IM -141933895.2 150445252.4
SNIA SPA- RTS SNAXW IM -141933895.2 150445252.4
SNIA SPA-2003 SH SN03 IM -141933895.2 150445252.4
SNIA SPA-CONV SA SPBDF US -141933895.2 150445252.4
SNIA SPA-DRC SNR00 IM -141933895.2 150445252.4
SNIA SPA-NEW SN00 IM -141933895.2 150445252.4
SNIA SPA-NON CON SPBNF US -141933895.2 150445252.4
SNIA SPA-RCV SNR IM -141933895.2 150445252.4
SNIA SPA-RCV SNIVF US -141933895.2 150445252.4
SNIA SPA-RIGHTS SNAW IM -141933895.2 150445252.4
SNIA SPA-RNC SNRNC IM -141933895.2 150445252.4
SNIA SPA-RNC SNIWF US -141933895.2 150445252.4
SNIA SPA-RTS SNAA IM -141933895.2 150445252.4
SNIA SPA-RTS SNSO IM -141933895.2 150445252.4
SOPAF SPA SPF TQ -24220971.66 153763906.2
SOPAF SPA SPF EU -24220971.66 153763906.2
SOPAF SPA SPF IM -24220971.66 153763906.2
SOPAF SPA SOPAF US -24220971.66 153763906.2
SOPAF SPA SPF PZ -24220971.66 153763906.2
SOPAF SPA SPF BQ -24220971.66 153763906.2
SOPAF SPA SPF QM -24220971.66 153763906.2
SOPAF SPA SPF EB -24220971.66 153763906.2
SOPAF SPA SOCAF US -24220971.66 153763906.2
SOPAF SPA SPF EO -24220971.66 153763906.2
SOPAF SPA SSZ HK Equity -24220971.66 153763906.2
SOPAF SPA SPFI IX -24220971.66 153763906.2
SOPAF SPA-NEW 97 SPF97 IM -24220971.66 153763906.2
SOPAF SPA-RNC SPFN IM -24220971.66 153763906.2
SOPAF SPA-RNC SOPCF US -24220971.66 153763906.2
SOPAF SPA-RT SPFOB IM -24220971.66 153763906.2
TECNODIFF ITALIA TDIFF US -89894162.82 152045757.5
TECNODIFF ITALIA TDI NM -89894162.82 152045757.5
TECNODIFF ITALIA TEF GR -89894162.82 152045757.5
TECNODIFF ITALIA TDI IM -89894162.82 152045757.5
TECNODIFF-RTS TDIAOW NM -89894162.82 152045757.5
TECNODIFFUSIONE TDIAAW IM -89894162.82 152045757.5
TISCALI - RTS TISAAW IM -167327246 362728538.3
TISCALI - RTS TIQA GR -167327246 362728538.3
TISCALI SPA TIS TQ -167327246 362728538.3
TISCALI SPA TIS VX -167327246 362728538.3
TISCALI SPA TISGBX EO -167327246 362728538.3
TISCALI SPA TIS EO -167327246 362728538.3
TISCALI SPA TIS EU -167327246 362728538.3
TISCALI SPA TISN FP -167327246 362728538.3
TISCALI SPA TISGBP EO -167327246 362728538.3
TISCALI SPA TIS IX -167327246 362728538.3
TISCALI SPA TIQG IX -167327246 362728538.3
TISCALI SPA TISN IX -167327246 362728538.3
TISCALI SPA TIS EB -167327246 362728538.3
TISCALI SPA TIS FP -167327246 362728538.3
TISCALI SPA TIS IM -167327246 362728538.3
TISCALI SPA TISN VX -167327246 362728538.3
TISCALI SPA TISN IM -167327246 362728538.3
TISCALI SPA TIS NA -167327246 362728538.3
TISCALI SPA TISM IX -167327246 362728538.3
TISCALI SPA TSCXF US -167327246 362728538.3
TISCALI SPA TISGBX EU -167327246 362728538.3
TISCALI SPA TIQ1 GR -167327246 362728538.3
TISCALI SPA TISN NA -167327246 362728538.3
TISCALI SPA TIS QM -167327246 362728538.3
TISCALI SPA TIS NQ -167327246 362728538.3
TISCALI SPA TIS NR -167327246 362728538.3
TISCALI SPA TIS PZ -167327246 362728538.3
TISCALI SPA TIS BQ -167327246 362728538.3
TISCALI SPA TIQ GR -167327246 362728538.3
TISCALI SPA- RTS 3391621Q GR -167327246 362728538.3
TISCALI SPA- RTS TISAXA IM -167327246 362728538.3
VIA CAVOUR SRL 3997892Z IM -2002622.441 173628397.1
JERSEY
------
REAL ESTATE OP-O REO PZ -1109604236 1668437669
REAL ESTATE OP-O REO EU -1109604236 1668437669
REAL ESTATE OP-O REO ID -1109604236 1668437669
REAL ESTATE OP-O REO IX -1109604236 1668437669
REAL ESTATE OP-O REO EO -1109604236 1668437669
REAL ESTATE OP-O REA GR -1109604236 1668437669
REAL ESTATE OP-O REOGBP EO -1109604236 1668437669
REAL ESTATE OP-O REO VX -1109604236 1668437669
REAL ESTATE OP-O REO LN -1109604236 1668437669
LUXEMBOURG
----------
CARRIER1 INT-AD+ CONE ES -94729000 472360992
CARRIER1 INT-ADR CONEE US -94729000 472360992
CARRIER1 INT-ADR CONEQ US -94729000 472360992
CARRIER1 INTL CJN NM -94729000 472360992
CARRIER1 INTL CJNA GR -94729000 472360992
CARRIER1 INTL 8133893Q GR -94729000 472360992
CARRIER1 INTL SA 1253Z SW -94729000 472360992
CARRIER1 INTL SA CONEF US -94729000 472360992
INTELSAT GLOBAL 0440101D US -1168589952 17400967168
INTELSAT GLOBAL I US -1168589952 17400967168
INTELSAT INVESTM ILMA GR -1199357056 17465319424
INTELSAT SA 2237Z US -1199357056 17465319424
NETHERLANDS
-----------
ALFRED C TOEPFER 4062117Z NA -1843317.436 1689194175
ASITO DIENSTENGR 743813Z NA -2494804.851 220704023.7
AVAST SOFTWARE B 0112793D US -15842000 132342000
AVAST SOFTWARE N AVST US -15842000 132342000
AVG TECHNOLOGIES 0119253D US -52030000 377521984
AVG TECHNOLOGIES 3164852Z NA -52030000 377521984
AVG TECHNOLOGIES AVG US -52030000 377521984
AVG TECHNOLOGIES 1VA GR -52030000 377521984
BAAN CO NV-ASSEN BAANA NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN IX -7854715.264 609871188.9
BAAN COMPANY NV BAAN EO -7854715.264 609871188.9
BAAN COMPANY NV BAAN PZ -7854715.264 609871188.9
BAAN COMPANY NV BAAN GR -7854715.264 609871188.9
BAAN COMPANY NV BNCG IX -7854715.264 609871188.9
BAAN COMPANY NV BAAVF US -7854715.264 609871188.9
BAAN COMPANY NV BAAN EU -7854715.264 609871188.9
BAAN COMPANY-NY BAANF US -7854715.264 609871188.9
BELEGGINGSMAATSC 801105Z NA -5070657.703 350267370.9
CENTRIC HOLDING 745383Z NA -72753.24225 363069870.7
CEVA LOGISTICS 882197Z NA -538665968.2 5318491121
CLATES HOLDING B 4043429Z NA -34881.25205 221495950.5
COOPERATIE VOEDI 4378105Z NA -216576.9882 680962157.8
EATON ELECTRIC B 2017671Z NA -1841730.108 130591221.9
EUROCOMMERCE HOL 4174085Z NA -1476.315022 1442058655
EUROPEAN MARITIM 4523543Z NA -34803118.05 347300069.4
FERDINAND STINGE 4040837Z NA -197826.2129 1420319834
HE INVESTMENTS B 3813216Z NA -1780665.857 195483088
HUISVUILCENTRALE 4777713Z NA -87789.23965 1412526184
IEOC EXPLORATION 4523879Z NA -3196000 112429000
INFOR GLOBAL SOL 4778481Z NA -332427172.9 500602423.6
ING RE DORTMUND/ 3819456Z NA -91900157.49 142290450.1
ING REIM DEVELOP 3811140Z NA -231041485.9 383323356.5
KONINKLIJKE HASK 4037221Z NA -69259.20141 230145390.9
KUIPER GROEP BV 3821988Z NA -3688.420875 101931401.5
LIBERTY GL EU-A UPC NA -5505478850 5112616630
LINO MANAGEMENT 3774416Z NA -330305248.1 752471513.7
MAAS INTERNATION 4174109Z NA -104625.6021 163961580.9
MAGYAR TELECOM B 363945Z HB -9411153.408 462039674.5
MITSUBISHI MOTOR 3893974Z NA -236634746.2 588105612.9
MSREF ELBA BV 4043045Z NA -89889.60183 584994172.5
MSREF VI KAIROS 4174205Z NA -38313.60078 893956511
NIDERA HANDELSCO 3893886Z NA -1347999.991 2303695933
NORFOLK HOLDINGS 779151Z NA -199512.5928 813430683.8
RIVA NV 3797916Z NA -852952.1165 111411542.1
SGS NEDERLAND HO 3896746Z NA -742586.4558 148207265
SITA NEDERLAND B 874216Z NA -312079.8969 2324948031
UNITED PAN -ADR UPEA GR -5505478850 5112616630
UNITED PAN-A ADR UPCOY US -5505478850 5112616630
UNITED PAN-EUR-A UPC LN -5505478850 5112616630
UNITED PAN-EUR-A UPC LI -5505478850 5112616630
UNITED PAN-EUROP UPC VX -5505478850 5112616630
UNITED PAN-EUROP UPCOF US -5505478850 5112616630
UNITED PAN-EUROP UPCEF US -5505478850 5112616630
UNITED PAN-EUROP UPE1 GR -5505478850 5112616630
UPC HOLDING BV 3590264Z NA -12602392978 14238054163
VAN WEELDE BEHEE 4038885Z NA -165002.3062 161800258.3
VOLKERWESSELS BO 4062101Z NA -17683.20036 191596002.3
VWS TRANSPORTINF 4377249Z NA -88578.90129 442019063.5
VWS VERKEER-EN I 4777577Z NA -125486.7768 799874848.4
WE INTERNATIONAL 630199Z NA -1220350.163 1011026941
ZINVEST FASHION 3775412Z NA -296559.4047 180677208
ZWINGER OPCO 6 B 3821644Z NA -106543158.2 627759193.8
NORWAY
------
AFRICA OFFSHORE AOSA NO -280249984 357512992
AKER BIOMARINE A 4508947Z NO -97401201.46 100855655.1
AKER BUSINESS SE 4400969Z NO -1678208.862 125911965.2
AKER ELEKTRO AS 4389353Z NO -35218317.7 134077911.8
AKER FLOATING PR AKFP BY -16100000 765200000
AKER FLOATING PR AKFP EO -16100000 765200000
AKER FLOATING PR AKFP PZ -16100000 765200000
AKER FLOATING PR AKFP EU -16100000 765200000
AKER FLOATING PR AKFP NO -16100000 765200000
AKER FLOATING PR AKNO IX -16100000 765200000
AKER FLOATING PR AKFPEUR EU -16100000 765200000
AKER FLOATING PR AKFPEUR EO -16100000 765200000
AKER STORD A/S 4498875Z NO -244831512.6 379117306.4
BAKERS AS 4527631Z NO -2100773.812 130412660.1
BKK VARME AS 4445833Z NO -4191315.792 139898061.1
CARGONET 81784Z NO -73487095.94 128859900.5
CIA LA GOMERA AS 4401057Z NO -14188999.46 111542577.2
GJENSIDIGE PENSJ 4447089Z NO -211457.8665 1156109660
HEEGH AUTOLINERS 4389209Z NO -13894016.15 253537334.9
HELI-ONE NORWAY 4632761Z NO -27084593.22 759455442.9
ICA NORGE AS 4511499Z NO -132832574.9 702347848.8
INFRATEK ENTREPR 4402489Z NO -33504101.18 160698348.1
INTEROIL EXPLORA IOX NO -21010000 139828992
INTEROIL EXPLORA IOX EO -21010000 139828992
INTEROIL EXPLORA IOX PZ -21010000 139828992
INTEROIL EXPLORA IOX BY -21010000 139828992
INTEROIL EXPLORA INOX NO -21010000 139828992
INTEROIL EXPLORA IOXEUR EU -21010000 139828992
INTEROIL EXPLORA IOX IX -21010000 139828992
INTEROIL EXPLORA IOXUSD EU -21010000 139828992
INTEROIL EXPLORA IROIF US -21010000 139828992
INTEROIL EXPLORA IOX EU -21010000 139828992
INTEROIL EXPLORA IOXEUR EO -21010000 139828992
INTEROIL EXPLORA IOXUSD EO -21010000 139828992
INTEROIL EXPLORA IOX SS -21010000 139828992
MAN LAST OG BUSS 4521719Z NO -5830520.283 123349772.5
MARINE SUBSEA AS MSAS NO -280249984 357512992
NCC CONSTRUCTION 4389745Z NO -11284745.3 292548511.4
NCC ROADS AS 4401305Z NO -11149611.36 135425117.2
NORSK STEIN AS 4394889Z NO -697875.9235 232219055.8
PETRO GEO-SERV PGS GR -18066142.21 399710323.6
PETRO GEO-SERV PGS VX -18066142.21 399710323.6
PETRO GEO-SERV 265143Q NO -18066142.21 399710323.6
PETRO GEO-SERV-N PGSN NO -18066142.21 399710323.6
PETRO GEO-SV-ADR PGSA GR -18066142.21 399710323.6
PETRO GEO-SV-ADR PGOGY US -18066142.21 399710323.6
PETROJACK AS JACKEUR EO -54932000 191586000
PETROJACK AS JACKEUR EU -54932000 191586000
PETROJACK AS P3J GR -54932000 191586000
PETROJACK AS JACK EU -54932000 191586000
PETROJACK AS JACO IX -54932000 191586000
PETROJACK AS JACK NO -54932000 191586000
PETROJACK AS JACK PZ -54932000 191586000
PETROJACK AS POJKF US -54932000 191586000
PETROJACK AS JACK EO -54932000 191586000
PETROJACK AS JACK BY -54932000 191586000
PETROMENA AS PMENA PZ -47299000 317747008
PETROMENA AS PMENAEUR EU -47299000 317747008
PETROMENA AS PMENA NO -47299000 317747008
PETROMENA AS PMENAEUR EO -47299000 317747008
PETROMENA AS PMEN IX -47299000 317747008
PETROMENA AS PMENA EO -47299000 317747008
PETROMENA AS MENA NO -47299000 317747008
PETROMENA AS PR2 GR -47299000 317747008
PETROMENA AS PMENA EU -47299000 317747008
PETROMENA AS PMENF US -47299000 317747008
PRATT & WHITNEY 4524487Z NO -5820126.04 104689675.3
REC SCANCELL AS 4446473Z NO -8437038.946 138751607.3
STOREBRAND EIEND 4443409Z NO -40898583.73 1242265455
STOREBRAND EIEND 4288341Z NO -174025923.7 4173823457
TDC AS 4287413Z NO -83055192.99 129421953.7
THOMSON REUTERS 4777193Z NO -2001541.28 208880572.6
TJUVHOLMEN UTVIK 4446353Z NO -682369.4664 117274938.8
TRICO SHIPPING A 3651167Z NO -132576808.1 504945402.2
TTS SENSE AS 4393841Z NO -4559687.797 162046219.9
UTKILEN SHIPPING 4446161Z NO -74871.02647 185813483
VNG NORGE AS 4513147Z NO -54874780.65 162557987.4
POLAND
------
ANIMEX SA ANX PW -556805.8579 108090511.9
DSS DSS PW -75172532.87 162767180.1
DSS DSS EU -75172532.87 162767180.1
DSS DSS EO -75172532.87 162767180.1
DSS-PDA DSSA PW -75172532.87 162767180.1
HBPOLSKA HBWL PZ -101164415.5 294857246.9
HBPOLSKA HBPEUR EU -101164415.5 294857246.9
HBPOLSKA HBP EU -101164415.5 294857246.9
HBPOLSKA HBPEUR EO -101164415.5 294857246.9
HBPOLSKA HBW PW -101164415.5 294857246.9
HBPOLSKA HBP LI -101164415.5 294857246.9
HBPOLSKA HBP PW -101164415.5 294857246.9
HBPOLSKA HBP EO -101164415.5 294857246.9
HBPOLSKA-PD-ALLT HBPA PW -101164415.5 294857246.9
KROSNO KRS LI -2241614.766 111838141.2
KROSNO KRS PW -2241614.766 111838141.2
KROSNO KRS1EUR EU -2241614.766 111838141.2
KROSNO KROS IX -2241614.766 111838141.2
KROSNO KRS1EUR EO -2241614.766 111838141.2
KROSNO SA KROSNO PW -2241614.766 111838141.2
KROSNO SA KRS1 EO -2241614.766 111838141.2
KROSNO SA KRS1 EU -2241614.766 111838141.2
KROSNO SA KRS PZ -2241614.766 111838141.2
KROSNO SA KRNFF US -2241614.766 111838141.2
KROSNO SA-RTS KRSP PW -2241614.766 111838141.2
KROSNO-PDA-ALLT KRSA PW -2241614.766 111838141.2
TOORA TOR PZ -288818.3897 147004954.2
TOORA 2916661Q EO -288818.3897 147004954.2
TOORA 2916665Q EU -288818.3897 147004954.2
TOORA TOR PW -288818.3897 147004954.2
TOORA-ALLOT CERT TORA PW -288818.3897 147004954.2
PORTUGAL
--------
ALBERTO MARTINS 4488947Z PL -25419983.42 123491252.1
ALUGUER DE VEICU 4773793Z PL -15934394.29 177189066.9
BRISAL AUTO-ESTR 3645215Z PL -47450724.24 654534402.7
CENTRO HOSPITALA 3778196Z PL -63194407.2 123417394.8
CO DAS ENERGIAS 3794880Z PL -2540034.474 115717930.4
CP - COMBOIOS DE 1005Z PL -3578303482 1640305326
ESTALEIROS NAVAI 4507307Z PL -160990302.6 168996814.5
FORD LUSITANA SA 3648983Z PL -7991062.856 135557902.7
HOSPITAL DE FARO 3789880Z PL -18565498.19 440770232
HOSPITAL DO DIVI 3789932Z PL -75359384.99 205468575.8
HOSPITAL GARCIA 3773160Z PL -48058398.4 155137981.5
HP HEALTH CLUBS 3777952Z PL -4243987.43 133613465.6
LOCACAO DE EQUIP 4772329Z PL -1031872.211 425561447.8
METRO DO PORTO 4473963Z PL -1539365046 3027538897
PORTUGALIA 1008Z PL -6844075.929 199376769
RADIO E TELEVISA 1227Z PL -740710264.5 506160206.4
REFER EP 1250Z PL -1883502408 1735947433
REN TRADING SA 4167785Z PL -2316007.028 231656542.3
SERVICO DE SAUDE 3790200Z PL -142612999.3 625059071.4
SOCIEDADE DE TRA 1253Z PL -368574770.4 153373893.3
SPORTING CLUBE D SCPX PX Equit -43017532.72 246527336.3
SPORTING CLUBE D SCDF EU -43017532.72 246527336.3
SPORTING CLUBE D SCG GR -43017532.72 246527336.3
SPORTING CLUBE D SCDF EO -43017532.72 246527336.3
SPORTING CLUBE D SCP1 PZ -43017532.72 246527336.3
SPORTING CLUBE D SCP PL -43017532.72 246527336.3
SPORTING-SOC DES SCDF PL -43017532.72 246527336.3
SPORTING-SOC DES SCPL IX -43017532.72 246527336.3
SPORTING-SOC-RTS SCPVS PL -43017532.72 246527336.3
SPORTING-SOC-RTS SCPDS PL -43017532.72 246527336.3
TAP SGPS TAP PL -353957017.4 2789331398
TRANSGAS SA 3794668Z PL -2181404.695 158648841.9
VALE DO LOBO - R 4764257Z PL -43960329.17 466811617.2
ROMANIA
-------
ARCELORMITTAL PTRO RO -61080024.91 178667412.9
OLTCHIM RM VALCE OLTCF US -36885412.47 586251335.6
OLTCHIM SA RM VA OLT EO -36885412.47 586251335.6
OLTCHIM SA RM VA OLTEUR EU -36885412.47 586251335.6
OLTCHIM SA RM VA OLTEUR EO -36885412.47 586251335.6
OLTCHIM SA RM VA OLT EU -36885412.47 586251335.6
OLTCHIM SA RM VA OLT PZ -36885412.47 586251335.6
OLTCHIM SA RM VA OLT RO -36885412.47 586251335.6
RUSSIA
------
AKCIONERNOE-BRD SOVP$ RU -3777004.385 408412400.2
ALLIANCE RUSSIAN ALRT RU -15214295.76 144582050.8
AMO ZIL-CLS ZILLG RU -305861298.1 461943061.3
AMO ZIL-CLS ZILL* RU -305861298.1 461943061.3
AMO ZIL-CLS ZILL RU -305861298.1 461943061.3
AMO ZIL-CLS ZILL RM -305861298.1 461943061.3
AMTEL-POVOLZ-BRD KIRT* RU -936614.5492 142093264.3
AMTEL-POVOLZ-BRD KIRT RU -936614.5492 142093264.3
BALTIYSKY-$BRD BALZ RU -20907794.77 382497299.9
BALTIYSKY-$BRD BALZ* RU -20907794.77 382497299.9
BALTIYSKY-BRD BALZ$ RU -20907794.77 382497299.9
BUMMASH OJSC-BRD BUMM RU -44749637.35 160609608.1
BUMMASH OJSC-BRD BUMM* RU -44749637.35 160609608.1
CHELPIPE JSC CHEP RU -307706501.4 3817658407
CHELPIPE JSC CHEP RM -307706501.4 3817658407
CHELPIPE JSC CHEP* RU -307706501.4 3817658407
CHELPIPE JSC CHEPG RU -307706501.4 3817658407
CHELYAB-GDR 144A 8163533Z LI -307706501.4 3817658407
CHELYAB--GDR REG 8135827Z LI -307706501.4 3817658407
CHELYAB--GDR W/I 1CFA GR -307706501.4 3817658407
CHELYAB--GDR W/I CHEP LI -307706501.4 3817658407
CHELYABINSK PIPE CHEP$ RU -307706501.4 3817658407
CRYOGENMASH-BRD KRGM* RU -124544745.1 207128408.6
CRYOGENMASH-BRD KRGM RU -124544745.1 207128408.6
CRYOGENMASH-PFD KRGMP RU -124544745.1 207128408.6
CRYOGENMASH-PFD KRGMP* RU -124544745.1 207128408.6
DAGESTAN ENERGY DASBG RU -29561959.6 232757864.4
DAGESTAN ENERGY DASB* RU -29561959.6 232757864.4
DAGESTAN ENERGY DASB RM -29561959.6 232757864.4
DAGESTAN ENERGY DASB RU -29561959.6 232757864.4
EAST-SIBERIA-BRD VSNK* RU -92283895.48 299864149.8
EAST-SIBERIA-BRD VSNK RU -92283895.48 299864149.8
EAST-SIBERIAN-BD VSNK$ RU -92283895.48 299864149.8
FINANCIAL LEASIN FLKO* RU -190902972.2 249901772.8
FINANCIAL LEASIN FLKO RU -190902972.2 249901772.8
FINANCIAL LEASIN FLKO RM -190902972.2 249901772.8
FINANCIAL LEASIN 137282Z RU -190902972.2 249901772.8
GAZ GZAPF US -292369069.3 1799241026
GAZ GAZA$ RU -292369069.3 1799241026
GAZ-CLS GAZA RM -292369069.3 1799241026
GAZ-CLS GAZA* RU -292369069.3 1799241026
GAZ-CLS GAZA RU -292369069.3 1799241026
GAZ-CLS GAZAG RU -292369069.3 1799241026
GAZ-PFD GAZAP* RU -292369069.3 1799241026
GAZ-PFD GAZAPG RU -292369069.3 1799241026
GAZ-PFD GAZAP RM -292369069.3 1799241026
GAZ-PFD GAZAPG$ RU -292369069.3 1799241026
GAZ-PFD GAZAP RU -292369069.3 1799241026
GAZ-PREF GAZAP$ RU -292369069.3 1799241026
GAZ-US$ GTS GAZAG$ RU -292369069.3 1799241026
GRAZHDANSKIE SAM GSSU RU -152610999.2 1609476948
GUKOVUGOL GUUG RU -57835249.92 143665227.2
GUKOVUGOL GUUG* RU -57835249.92 143665227.2
GUKOVUGOL-PFD GUUGP* RU -57835249.92 143665227.2
GUKOVUGOL-PFD GUUGP RU -57835249.92 143665227.2
GURIEVSKY-BRD GUMZ RU -7147215.563 190801547.3
GURIEVSKY-BRD GUMZ* RU -7147215.563 190801547.3
HALS-DEVEL- GDR 86PN LI -588515964.6 1446111954
HALS-DEVEL- GDR 86PN LN -588515964.6 1446111954
HALS-DEVELOPMENT HALS RM -588515964.6 1446111954
HALS-DEVELOPMENT HALSM RU -588515964.6 1446111954
HALS-DEVELOPMENT HALS LI -588515964.6 1446111954
HALS-DEVELOPMENT HALSG RU -588515964.6 1446111954
HALS-DEVELOPMENT HALS TQ -588515964.6 1446111954
HALS-DEVELOPMENT SYR GR -588515964.6 1446111954
HALS-DEVELOPMENT HALS* RU -588515964.6 1446111954
HALS-DEVELOPMENT HALS RU -588515964.6 1446111954
IZHAVTO OAO IZAV RU -94100833.99 443610329.4
KIROV TIRE PLANT KIRT$ RU -936614.5492 142093264.3
M-INDUSTRIYA SOMI RU -1304109.982 267288804.8
MOSPROMSTROY-BRD MPSM* RU -15526364.63 270701638
MOSPROMSTROY-BRD MPSM RU -15526364.63 270701638
MOSPROMSTROY-PFD MPSMP* RU -15526364.63 270701638
MOSPROMSTROY-PFD MPSMP RU -15526364.63 270701638
NIZHEGORODSK-BRD NASO* RU -925605.4667 537182246.1
NIZHEGORODSK-BRD NASO RU -925605.4667 537182246.1
NIZHEGORODSKI-B NASO$ RU -925605.4667 537182246.1
NIZHEGORODS-P B$ NASOP$ RU -925605.4667 537182246.1
NIZHEGORODS-PFD NASOP RU -925605.4667 537182246.1
NIZHEGORODS-PFD NASOP* RU -925605.4667 537182246.1
NIZHMASHZAVO-BRD NMSZ* RU -36667081.23 323938091.2
NIZHMASHZAVO-BRD NMSZ RU -36667081.23 323938091.2
NIZHMASHZAVOD-BD NMSZ$ RU -36667081.23 323938091.2
NIZHMASHZAVO-PFD NMSZP RU -36667081.23 323938091.2
NIZHMASHZAVO-PFD NMSZP* RU -36667081.23 323938091.2
NOVOSIBIRSK-BRD NVMZ RU -3734071.034 152583538.5
NOVOSIBIRSK-BRD NVMZ* RU -3734071.034 152583538.5
NOVOSIBIRSK-BRD NVMZ$ RU -3734071.034 152583538.5
OAO AMURMETALL AMMT RU -808724.9033 847661954.7
PENOPLEX-FINANS PNPF RU -839659.3715 147052027.7
PIK GROUP PIKK* RU -22928288.83 4135566932
PIK GROUP PIKKG RU -22928288.83 4135566932
PIK GROUP PIKK RM -22928288.83 4135566932
PIK GROUP PIKK RU -22928288.83 4135566932
PIK GROUP-GDR PIK EB -22928288.83 4135566932
PIK GROUP-GDR PIK EU -22928288.83 4135566932
PIK GROUP-GDR PIK TQ -22928288.83 4135566932
PIK GROUP-GDR PIK IX -22928288.83 4135566932
PIK GROUP-GDR PIK1 EO -22928288.83 4135566932
PIK GROUP-GDR PIK LI -22928288.83 4135566932
PIK GROUP-GDR PKGPL US -22928288.83 4135566932
PIK GROUP-GDR PIQ2 GR -22928288.83 4135566932
PIK GROUP-GDR PIK1 QM -22928288.83 4135566932
PROMTRACTOR-FINA PTRF RU -36499379.79 250671811.3
RUSPETRO OOO 0090464D LN -40737000 522576000
RUSPETRO PLC RPO QM -40737000 522576000
RUSPETRO PLC RPO NR -40737000 522576000
RUSPETRO PLC RPO EB -40737000 522576000
RUSPETRO PLC RPO TQ -40737000 522576000
RUSPETRO PLC RPO S1 -40737000 522576000
RUSPETRO PLC RPO EO -40737000 522576000
RUSPETRO PLC RPO EU -40737000 522576000
RUSPETRO PLC RPO LN -40737000 522576000
RUSPETRO PLC RPO BQ -40737000 522576000
RUSPETRO PLC RUSPF US -40737000 522576000
RUSPETRO PLC 7RP GR -40737000 522576000
RUSPETRO PLC RPO IX -40737000 522576000
RUSPETROL OOO 5316091Z RU -40737000 522576000
RUSSIAN TEXT-CLS ALRTG RU -15214295.76 144582050.8
RUSSIAN TEXT-CLS ALRT* RU -15214295.76 144582050.8
SEVERNAYA KAZNA SVKB RU -65841686.21 279147750
SEVERNAYA KAZNA SVKB* RU -65841686.21 279147750
SISTEMA HALS-GDR HALS IX -588515964.6 1446111954
SISTEMA-GDR 144A SEMAL US -588515964.6 1446111954
VAGONMASH JSC VAGM RU -6605021.709 112362549.3
VIMPEL SHIP-BRD SOVP* RU -3777004.385 408412400.2
VIMPEL SHIP-BRD SOVP RU -3777004.385 408412400.2
VOLGOGRAD KHIM VHIM RU -78745199.18 151620945.8
VOLGOGRAD KHIM VHIM* RU -78745199.18 151620945.8
VOLGOGRAD-BRD VGSZ RU -3980861.356 103387624.5
VOLGOGRAD-BRD VGSZ* RU -3980861.356 103387624.5
VYBORG SHIPY VSYD RM -4280194.283 115424615.3
VYBORG SHIPYARD VSYDP RM -4280194.283 115424615.3
VYBORG SHIPY-BRD VSSZ* RU -4280194.283 115424615.3
VYBORG SHIPY-BRD VSSZ RU -4280194.283 115424615.3
VYBORG SHIPY-CLS VSYD RU -4280194.283 115424615.3
VYBORG SHIPY-CLS VSYDP RU -4280194.283 115424615.3
VYBORG SHIPY-PFD VSSZP RU -4280194.283 115424615.3
VYBORG SHIPY-PFD VSSZP* RU -4280194.283 115424615.3
ZERNOVAYA KOMPAN ONAST RU -37627545.39 556944371.9
ZIL AUTO PLANT ZILL$ RU -305861298.1 461943061.3
ZIL AUTO PLANT-P ZILLP RU -305861298.1 461943061.3
ZIL AUTO PLANT-P ZILLP* RU -305861298.1 461943061.3
ZIL AUTO PLANT-P ZILLP RM -305861298.1 461943061.3
SLOVENIA
--------
ALPOS DD APOG SV -67352301.16 175199045.1
ALPOS DD APOG EU -67352301.16 175199045.1
ALPOS DD APOG EO -67352301.16 175199045.1
ALPOS DD APOG PZ -67352301.16 175199045.1
ZVON ENA HOLDING ZVHR PZ -304042298.7 774906694.2
ZVON ENA HOLDING ZVHR SV -304042298.7 774906694.2
ZVON ENA HOLDING ZVHR EO -304042298.7 774906694.2
ZVON ENA HOLDING ZVHR EU -304042298.7 774906694.2
SPAIN
-----
ACCOR HOTELES ES 4469903Z SM -9411283.082 167434224.6
ACTUACIONES ACTI AGR SM -102380293.1 427580628.2
AGRUPACIO - RT AGR/D SM -102380293.1 427580628.2
AIRBUS MILITARY 4456697Z SM -45606160.88 2811515603
ALSTOM WIND SLU 1009322Z SM -57597211.2 524838434.6
AMCI HABITAT SA AMC3 EO -63136988.27 115854176.8
AMCI HABITAT SA AMC1 EU -63136988.27 115854176.8
AMCI HABITAT SA AMC SM -63136988.27 115854176.8
ATLANTIC COPPER 4512291Z SM -83118965.83 1261645242
AURIGACROWN CAR 3791672Z SM -9696329.512 319009666.2
BASF CONSTRUCTIO 4511259Z SM -190337553 234576320.4
BEGAR CONSTRUCCI 4413073Z SM -154094556.2 215035989.2
BIMBO SA 3632779Z SM -22418992.16 200845624.4
BOUYGUES INMOBIL 3636247Z SM -45767894.33 122822523.9
BRUESA CONSTRUCC 4283093Z SM -19748712.07 423973306.5
CAIXARENTING SA 4500211Z SM -7390432.998 1722091946
CELANESE CHEMICA 3643567Z SM -22600721.15 102177604
CELAYA EMPARANZA 3642467Z SM -19428468.87 176340504.9
CEREP INVESTMENT 3638887Z SM -52616228.8 275537774.5
COPERFIL GROUP 704457Z SM -3700858.975 403826723
DINOSOL SUPERMER 397409Z SM -46517749.44 1134013519
FACTORIA NAVAL D 3748456Z SM -19757690.28 218788440.5
FBEX PROMO INMOB 3745024Z SM -820001.0305 1142937522
FERGO AISA -RTS AISA/D SM -102380293.1 427580628.2
FERGO AISA SA AISA EU -102380293.1 427580628.2
FERGO AISA SA AISA EO -102380293.1 427580628.2
FERGO AISA SA AISA PZ -102380293.1 427580628.2
FERGO AISA SA AISA SM -102380293.1 427580628.2
FMC FORET SA 3642299Z SM -135792007.2 150683418.5
FORMICA SA 3748616Z SM -24873736.89 101430971.6
GALERIAS PRIMERO 3281527Z SM -2731015.072 124875853.4
GE POWER CONTROL 3744144Z SM -25412232.52 973735754.8
GE REAL ESTATE I 2814684Z SM -197396338.8 537048655
GENERAL MOTORS E 4286805Z SM -323089753.8 2783002632
GLENCORE ESPANA 3752336Z SM -17828297.05 238237965.8
HIDROCANTABRICO 4456745Z SM -245397523.6 513745817
HOLCIM HORMIGONE 4376153Z SM -34366354.11 133704111.2
HUNE PLATAFORMAS 4284309Z SM -34729576.87 417379212.5
LA SIRENA ALIMEN 4375737Z SM -80359344.11 223928579
MARTINSA FADESA 4PU GR -4266039390 4958578344
MARTINSA FADESA MTF SM -4266039390 4958578344
MARTINSA FADESA MTF EO -4266039390 4958578344
MARTINSA FADESA MTF EU -4266039390 4958578344
MARTINSA FADESA MFAD PZ -4266039390 4958578344
MARTINSA FADESA MTF1 LI -4266039390 4958578344
MARTINSA-FADESA MTF NR -4266039390 4958578344
NYESA VALORES CO NYE EO -208568793.8 658498551.2
NYESA VALORES CO BESS PZ -208568793.8 658498551.2
NYESA VALORES CO NYE EU -208568793.8 658498551.2
NYESA VALORES CO NYE SM -208568793.8 658498551.2
NYESA VALORES CO NYE TQ -208568793.8 658498551.2
NYESA VALORES CO BES EO -208568793.8 658498551.2
NYESA VALORES CO 7NY GR -208568793.8 658498551.2
NYESA VALORES CO BES SM -208568793.8 658498551.2
NYESA VALORES CO BES EU -208568793.8 658498551.2
NYESA VALORES CO BES TQ -208568793.8 658498551.2
PANRICO SAU 1087Z SM -372238069.5 1219319614
PULLMANTUR SA 301590Z SM -74071248.87 168349823.1
RANDSTAD EMPLEO 4285885Z SM -27469291.1 318454508.5
REAL ZARAGOZA SA 4285533Z SM -5769281.747 168572641.9
RENTA CORP REN1USD EO -40378516.38 216503337.5
RENTA CORP REN SM -40378516.38 216503337.5
RENTA CORP REN1 TQ -40378516.38 216503337.5
RENTA CORP REN1USD EU -40378516.38 216503337.5
RENTA CORP RENS PZ -40378516.38 216503337.5
RENTA CORP REN1 EU -40378516.38 216503337.5
RENTA CORP REN1 EO -40378516.38 216503337.5
RENTA CORP REN1GBX EU -40378516.38 216503337.5
RENTA CORP RTACF US -40378516.38 216503337.5
RENTA CORP REN1GBX EO -40378516.38 216503337.5
RENTA CORP REN1GBP EO -40378516.38 216503337.5
RENTA CORP REAL REN/D SM -40378516.38 216503337.5
RESIDENCIAL MARL 4498347Z SM -8851230.872 106007591.2
REYAL URBIS SA REY1 EU -1160391779 4576859229
REYAL URBIS SA REYU PZ -1160391779 4576859229
REYAL URBIS SA REY SM -1160391779 4576859229
REYAL URBIS SA REY1 IX -1160391779 4576859229
REYAL URBIS SA REY1 EO -1160391779 4576859229
REYAL URBIS SA REY EB -1160391779 4576859229
SA DE SUPERMERCA 4373489Z SM -24370843.85 162576231.9
SEDESA OBRAS Y S 4285693Z SM -33624032.31 180977629
SHELL ESPANA SA 4514247Z SM -62380994.38 292408739.1
SPANAIR 1174Z SM -224915085.6 350111493.1
SUZLON WIND ENER 3809140Z SM -2806837.606 127085865.7
TELEVISION AUTON 3772924Z SM -114641099.5 119139075.3
TROPICAL TURISTI 3639071Z SM -47219485.5 485271194.6
TYCO ELECTRONICS 2335265Z SM -120872225.3 241227566.2
UNITEC UNION TIE 3801344Z SM -23207409.48 131213302.5
URBANIZADORA SEV 4286693Z SM -10314851.8 487333641
VIA OPERADOR PET 4510507Z SM -19240934.52 114265353.9
XFERA MOVILE SA 1236Z SM -93151786.57 1220956633
SWEDEN
------
ATTENDO AB 4452873Z SS -58148252.61 1244996834
KAROLINEN FASTIG 4008644Z SS -906745.1282 122777361.3
NOBINA 1099Z SS -302162.7367 854969434.4
PANAXIA AB PAXA EO -13977223.06 102375741.8
PANAXIA AB PAXAEUR EO -13977223.06 102375741.8
PANAXIA AB PAXA PZ -13977223.06 102375741.8
PANAXIA AB PAXA EU -13977223.06 102375741.8
PANAXIA AB PAXA BY -13977223.06 102375741.8
PANAXIA AB PAXAEUR EU -13977223.06 102375741.8
PANAXIA AB PAXA SS -13977223.06 102375741.8
PANAXIA AB-NEW PAXABT BY -13977223.06 102375741.8
PANAXIA AB-NEW PAXABT SS -13977223.06 102375741.8
PANAXIA AB-RTS PAXATR SS -13977223.06 102375741.8
PANAXIA AB-RTS PAXATR BY -13977223.06 102375741.8
PANAXIA-NEW 8292193Q SS -13977223.06 102375741.8
PANAXIA-RTS 8292189Q SS -13977223.06 102375741.8
SWEDISH MA-RE RT SWMASR SS -267565377.7 2184130566
SWEDISH MAT-ADR 3053566Q US -267565377.7 2184130566
SWEDISH MAT-ADR SWMA GR -267565377.7 2184130566
SWEDISH MATCH SWD LI -267565377.7 2184130566
SWEDISH MATCH AB SWMAUSD EO -267565377.7 2184130566
SWEDISH MATCH AB SWMAF US -267565377.7 2184130566
SWEDISH MATCH AB SWMAGBX EO -267565377.7 2184130566
SWEDISH MATCH AB SWMAEUR EU -267565377.7 2184130566
SWEDISH MATCH AB SWMA BY -267565377.7 2184130566
SWEDISH MATCH AB SWMAGBX EU -267565377.7 2184130566
SWEDISH MATCH AB SWMA NR -267565377.7 2184130566
SWEDISH MATCH AB SWMAUSD EU -267565377.7 2184130566
SWEDISH MATCH AB SWMA IX -267565377.7 2184130566
SWEDISH MATCH AB SWM TH -267565377.7 2184130566
SWEDISH MATCH AB SWMA GK -267565377.7 2184130566
SWEDISH MATCH AB SWMDF US -267565377.7 2184130566
SWEDISH MATCH AB SWMA NQ -267565377.7 2184130566
SWEDISH MATCH AB SWMA SS -267565377.7 2184130566
SWEDISH MATCH AB SWMA TQ -267565377.7 2184130566
SWEDISH MATCH AB SWM GR -267565377.7 2184130566
SWEDISH MATCH AB SWMAEUR EO -267565377.7 2184130566
SWEDISH MATCH AB SWMA EU -267565377.7 2184130566
SWEDISH MATCH AB SWMA EO -267565377.7 2184130566
SWEDISH MATCH AB SWMA QM -267565377.7 2184130566
SWEDISH MATCH AB SWMA EB -267565377.7 2184130566
SWEDISH MATCH AB SWMA PZ -267565377.7 2184130566
SWEDISH MATCH AB SWM VX -267565377.7 2184130566
SWEDISH MATCH AB SWMA S1 -267565377.7 2184130566
SWEDISH MATCH AB SWMA LI -267565377.7 2184130566
SWEDISH MATCH AB SWMAGBP EO -267565377.7 2184130566
SWEDISH MATCH AB SWMA BQ -267565377.7 2184130566
SWEDISH MATCH- B SWMWF US -267565377.7 2184130566
SWEDISH MATCH-B 3033P US -267565377.7 2184130566
SWEDISH MAT-RTS SWMYR US -267565377.7 2184130566
SWEDISH M-UN ADR SWMAY US -267565377.7 2184130566
SWITZERLAND
-----------
ETRION CORP 4QP GR -1431000 449615008
ETRION CORP PFCXF US -1431000 449615008
ETRION CORP ETX2EUR EU -1431000 449615008
ETRION CORP ETX2USD EO -1431000 449615008
ETRION CORP ETX2USD EU -1431000 449615008
ETRION CORP ETRXF US -1431000 449615008
ETRION CORP ETX2EUR EO -1431000 449615008
ETRION CORP ETX SS -1431000 449615008
ETRION CORP ETX CN -1431000 449615008
ETRION CORP ETX2SEK EO -1431000 449615008
ETRION CORP ETXSEK BY -1431000 449615008
ETRION CORP ETX2SEK EU -1431000 449615008
PRETIUM INDUSTRI PIIMF US -1431000 449615008
VISUALAB INC VSLBF US -1431000 449615008
VISUALABS INC VLI CN -1431000 449615008
TURKEY
------
EGS EGE GIYIM VE EGDIS TI -7732135.103 147075077.7
EGS EGE GIYIM-RT EGDISR TI -7732135.103 147075077.7
GALATASARAY SPOR GSRAY TI -134837791.7 312345232.8
GALATASARAY SPOR GALA IX -134837791.7 312345232.8
GALATASARAY SPOR GSRAYR TI -134837791.7 312345232.8
GALATASARAY SPOR GSY GR -134837791.7 312345232.8
GALATASARAY SPOR GATSF US -134837791.7 312345232.8
GALATASARAY-NEW GSRAYY TI -134837791.7 312345232.8
IKTISAT FINAN-RT IKTFNR TI -46900666.64 108228233.6
IKTISAT FINANSAL IKTFN TI -46900666.64 108228233.6
KEREVITAS GIDA KVTGF US -17661319.95 159849621.7
KEREVITAS GIDA KERVT TI -17661319.95 159849621.7
MUDURNU TAVUKC-N MDRNUN TI -64935052.1 160420187.4
MUDURNU TAVUKCUL MDRNU TI -64935052.1 160420187.4
SIFAS SIFAS TI -15439194.7 130608104
TUTUNBANK TUT TI -4024959602 2643810457
YASARBANK YABNK TI -4024959602 2643810457
ZORLU ENERJI ELE ZORENM TI -2128989.458 1841396734
ZORLU ENERJI ELE ZORENR TI -2128989.458 1841396734
ZORLU ENERJI ELE ZRLUF US -2128989.458 1841396734
ZORLU ENERJI ELE ZOREN TI -2128989.458 1841396734
ZORLU ENERJI ELE ZORENY TI -2128989.458 1841396734
ZORLU ENERJI-ADR ZRLUY US -2128989.458 1841396734
ZORLU ENERJI-RTS 0405413D TI -2128989.458 1841396734
UKRAINE
-------
CHERNIGIVS MAN-M CHIM UZ -19979000 106551872
CHERNIGIVS M-GDR CKU GR -19979000 106551872
DNIP METAL-Y Z-D DMZK UZ -1689000 100894624
DNIPROVSKY IRON DMKD UZ -85795248 2345518080
DONETSKOBLENERGO DOON UZ -350758285.3 246202249.5
KRYMENERGO KREN UZ -34125639.53 127185486.6
LUGANSKOBLENERGO LOEN UZ -28469656.82 196711929.2
MARIUP-GDR REG S MZVM IX -11661586.28 260791838.5
MARIUP-GDR REG S M9X GR -11661586.28 260791838.5
MARIUPOL HEAVY M MZVM UZ -11661586.28 260791838.5
NAFTOKHIMIK PRIC NAFP UZ -25147613.11 203369540.7
NAFTOKHIMIK-GDR N3ZA GR -25147613.11 203369540.7
ODESSA OIL REFIN ONPZ UZ -333080256 155962496
RIVNEAZOT RAZT UZ -32846124 548777856
ZALK - PFTS ZALK UZ -94493504 126238624
UNITED KINGDOM
--------------
600 UK LTD 1282018Z LN -731250.5356 123671540.8
ABBOTT MEAD VICK 648824Q LN -1685854.552 168258996.3
ABF GRAIN PRODUC 1276922Z LN -80622502.15 405377719.8
ACE INA SERVICES 1442282Z LN -32838796.68 148703014.2
ACIS GROUP LTD 4159557Z LN -29529317.19 122639068.7
ACORN CARE AND E 1238567Z LN -70886168.8 120665053.6
ADVANCE DISPLAY ADTP PZ -2983757364 2562677211
AEA TECHNOLO-FPR AATF PZ -251542348.1 142002291.9
AEA TECHNOLO-FPR AATF LN -251542348.1 142002291.9
AEA TECHNOLOGY EAETF US -251542348.1 142002291.9
AEA TECHNOLOGY AAT VX -251542348.1 142002291.9
AEA TECHNOLOGY AAT IX -251542348.1 142002291.9
AEA TECHNOLOGY AAT PO -251542348.1 142002291.9
AEA TECHNOLOGY G AATGBP EO -251542348.1 142002291.9
AEA TECHNOLOGY G AAT LN -251542348.1 142002291.9
AEA TECHNOLOGY G 89A GR -251542348.1 142002291.9
AEA TECHNOLOGY G AEATF US -251542348.1 142002291.9
AEA TECHNOLOGY G AAT EU -251542348.1 142002291.9
AEA TECHNOLOGY G AAT PZ -251542348.1 142002291.9
AEA TECHNOLOGY G AAT EO -251542348.1 142002291.9
AEA TECHNOLO-NPR AATN LN -251542348.1 142002291.9
AEA TECHNOLO-NPR AATN PZ -251542348.1 142002291.9
AFFINITI INTEGRA 1651064Z LN -743208854.7 241654750
AGORA SHOPPING C 214766Z LN -50700881.16 252334953.9
AIRBUS OPERATION 4435153Z LN -718055101.2 3718998325
AIRTOURS PLC AIR VX -379721780.5 1817512774
AIRTOURS PLC AIR LN -379721780.5 1817512774
AIRTOURS PLC ATORF US -379721780.5 1817512774
ALIXPARTNERS LTD 2578482Z LN -20704239.37 115351021.9
ALL3MEDIA HOLDIN 4500027Z LN -349193464.9 845096523.8
ALLDAYS PLC ALDYF US -120493900 252232072.9
ALLDAYS PLC 317056Q LN -120493900 252232072.9
ALLIANCE & LEICE 1603082Z LN -362196734.3 3707298376
ALLIANCE ATLANTI 1774537Z LN -15720815.81 102607041.1
ALPHA CREDIT GRP 2398Z LN -128159653.1 6765166452
AMER BUS SYS ARB LN -497126976 121439000
AMEY PLC AMY LN -48862569.33 931527720.5
AMEY PLC AMY VX -48862569.33 931527720.5
AMEY PLC AMEYF US -48862569.33 931527720.5
AMEY PLC-ASSENT AMYA LN -48862569.33 931527720.5
AMEY PLC-NEW AMYN LN -48862569.33 931527720.5
ANGLESEY ALUMINI 3899138Z LN -31293037.69 162854170.3
ANKER PLC ANK LN -21861359.81 115463159
ANKER PLC ANK PO -21861359.81 115463159
ANKER PLC DW14 GR -21861359.81 115463159
ANKER PLC - ASSD ANKB LN -21861359.81 115463159
ANKER PLC - ASSD ANKC LN -21861359.81 115463159
ANKER PLC-ASSD ANKA LN -21861359.81 115463159
ARCADIA PETROLEU 645232Z LN -5023968.659 568408481.5
ARGENTA UNDERWRI 2619614Z LN -2675706.338 115312566.9
ARRIVA NORTH WES 1320162Z LN -1976907.097 100984405.8
ASCOT RACECOURSE 1965934Z LN -15176036.03 272434311.7
ASHWELL PROPERTY 4165857Z LN -192048023.3 200163088.3
ASPIRE HOUSING L 1820890Z LN -76622621.06 145635258.6
ASTON VILLA FOOT 1768569Z LN -147588325.5 132513030.7
ASTRIUM LTD 2568578Z LN -147720838.8 465118265.6
AT KEARNEY HOLDI 4168565Z LN -712649.2612 420870276.2
AUTOBAR GROUP LT 346661Z LN -4152320.078 257142544.7
AUTOMATIC DATA P 2807722Z LN -2691222.405 196460842.3
AUTOMOBILE ASSOC 1479490Z LN -33757452.81 1402428072
AVAYA UK 1700688Z LN -53845662.33 392389930
BAA PLC BAAPF US -305487309.1 20626980048
BAA PLC BAAG IX -305487309.1 20626980048
BAA PLC 549340Q CN -305487309.1 20626980048
BAA PLC BAA IX -305487309.1 20626980048
BAA PLC 3682837Q AU -305487309.1 20626980048
BAA PLC BAA PO -305487309.1 20626980048
BAA PLC BAA GR -305487309.1 20626980048
BAA PLC BAA VX -305487309.1 20626980048
BAA PLC - ASSD BAAB LN -305487309.1 20626980048
BAA PLC-ADR BAAPY US -305487309.1 20626980048
BAA PLC-ADR BAAPY LI -305487309.1 20626980048
BAA PLC-ASSD BAAC LN -305487309.1 20626980048
BAA PLC-ASSD BAAD LN -305487309.1 20626980048
BAA PLC-ASSD BAAA LN -305487309.1 20626980048
BAE SYSTEMS GLOB 1111359Z LN -198002524.7 433422849.4
BAE SYSTEMS INTE 2344987Z LN -76887342.6 435816042
BAE SYSTEMS PROP 1151751Z LN -87647151.12 896957185.8
BANK OF SCOTLAND 1419810Z LN -9546216.212 527915266.9
BARCHESTER HOLDC 4391889Z LN -29571912.71 1847591976
BARRACUDA GROUP 3636Z LN -395586366.9 328358578
BASINGHALL FINAN 1127799Z LN -9318896.893 1118303697
BAT UK & EXPORT 4509491Z LN -190548587.2 881692782.5
BCH GROUP PLC BCH LN -5728273.973 187993198.2
BDP HOLDINGS LTD 3796920Z LN -5521777.438 114452852
BENTLEY MOTORS L 1376666Z LN -511844321.8 792321913.9
BETFAIR LTD 83844Z LN -26079415.01 461076110.5
BGE UK LTD 1653368Z LN -31309521.84 451744849.3
BIRMINGHAM MAILB 1781057Z LN -6608952.843 116466648.8
BIRSE CIVILS LTD 1333506Z LN -3991231.995 184394918.2
BLACKWELL PUBLIS 80044Z LN -1289834.531 223671685.3
BNB RECRUITMENT BNB IX -10242625.55 103637705
BNB RECRUITMENT BNB PO -10242625.55 103637705
BNB RECRUITMENT BNB LN -10242625.55 103637705
BNB RECRUITMENT BNBRF US -10242625.55 103637705
BNB RECRUITMENT BQX GR -10242625.55 103637705
BOLTON WANDERERS 1274042Z LN -109297588 124148929.4
BOOKER PLC 1330Q GR -59832893.13 1298182549
BOOKER PLC BKERF US -59832893.13 1298182549
BOOKER PLC 987188Q LN -59832893.13 1298182549
BOOKER PLC-ADR BKRUY US -59832893.13 1298182549
BOOKER PLC-ADR BOK$ LN -59832893.13 1298182549
BOSTON MAYFLOWER 1845650Z LN -38702577.78 104489726.5
BRADSTOCK GROUP BSKGF US -1855444.639 268563822.5
BRADSTOCK GROUP BDK LN -1855444.639 268563822.5
BRB RESIDUARY LT 2872503Z LN -271034725.2 371470513.4
BRENT WALKER GRP 754087Q LN -1774306283 867084131.8
BRENT WALKER GRP BWKGF US -1774306283 867084131.8
BRIT ENERGY LTD 523362Q LN -5822867501 4921095750
BRIT ENERGY PLC BHEGF US -5822867501 4921095750
BRIT ENERGY PLC 555140Q VX -5822867501 4921095750
BRIT ENERGY PLC BGYEF US -5822867501 4921095750
BRIT ENERGY PLC BEN1 GR -5822867501 4921095750
BRIT ENERGY-A BENA GR -5822867501 4921095750
BRIT ENERGY-ADR BHEFF US -5822867501 4921095750
BRITISH ENER-$US BGYD AR -5822867501 4921095750
BRITISH ENER-$US BGYNYD AR -5822867501 4921095750
BRITISH ENER-ADR BGYNY US -5822867501 4921095750
BRITISH ENER-BLK BGYB AR -5822867501 4921095750
BRITISH ENER-BLK BGYNYB AR -5822867501 4921095750
BRITISH ENER-C/E BGYC AR -5822867501 4921095750
BRITISH ENER-C/E BGYNYC AR -5822867501 4921095750
BRITISH ENER-CED BGYNY AR -5822867501 4921095750
BRITISH ENER-CED BGY AR -5822867501 4921095750
BRITISH ENERGY-A BGYA VX -5822867501 4921095750
BRITISH ENERGY-A 3012442Q LN -5822867501 4921095750
BRITISH ENERGY-A BHEAF US -5822867501 4921095750
BRITISH ENERGY-A BGYA PO -5822867501 4921095750
BRITISH ENERGY-A BGYGF US -5822867501 4921095750
BRITVIC PLC BVIC LN -1427723.98 1647117616
BRITVIC PLC BVI2 EO -1427723.98 1647117616
BRITVIC PLC BVIC EU -1427723.98 1647117616
BRITVIC PLC B6S GR -1427723.98 1647117616
BRITVIC PLC BVICGBP EO -1427723.98 1647117616
BRITVIC PLC BVIC BQ -1427723.98 1647117616
BRITVIC PLC BVIC5 EO -1427723.98 1647117616
BRITVIC PLC BVIC EO -1427723.98 1647117616
BRITVIC PLC BVICUSD EO -1427723.98 1647117616
BRITVIC PLC BVIC TQ -1427723.98 1647117616
BRITVIC PLC BVICPEN EU -1427723.98 1647117616
BRITVIC PLC BVIC S1 -1427723.98 1647117616
BRITVIC PLC BVIC4 EO -1427723.98 1647117616
BRITVIC PLC BVICEUR EO -1427723.98 1647117616
BRITVIC PLC BTVCF US -1427723.98 1647117616
BRITVIC PLC BVICEUR EU -1427723.98 1647117616
BRITVIC PLC BVIC9 EO -1427723.98 1647117616
BRITVIC PLC BVIC8 EO -1427723.98 1647117616
BRITVIC PLC BVICPEN EO -1427723.98 1647117616
BRITVIC PLC B6S GK -1427723.98 1647117616
BRITVIC PLC BVIC EB -1427723.98 1647117616
BRITVIC PLC BVIC2 EO -1427723.98 1647117616
BRITVIC PLC BVIC NQ -1427723.98 1647117616
BRITVIC PLC BVIC6 EO -1427723.98 1647117616
BRITVIC PLC BVIC QM -1427723.98 1647117616
BRITVIC PLC BVIC3 EO -1427723.98 1647117616
BRITVIC PLC BVIC1 EO -1427723.98 1647117616
BRITVIC PLC BVIC PZ -1427723.98 1647117616
BRITVIC PLC BVICUSD EU -1427723.98 1647117616
BRITVIC PLC BVIC IX -1427723.98 1647117616
BRITVIC PLC BVIC VX -1427723.98 1647117616
BRITVIC PLC BVIC NR -1427723.98 1647117616
BRITVIC PLC BVIC7 EO -1427723.98 1647117616
BRITVIC PLC-ADR BTVCY US -1427723.98 1647117616
BRIXTON GREAT WE 1242343Z LN -24193317.48 164120047.9
BUNZL VENDING SE 1626514Z LN -3627717.453 117295226
BURNDEN LEISURE BDL LN -92092299.62 136726201.7
CALSONIC KANSEI 2730264Z LN -112686897.5 233439821
CALSONIC KANSEI 1541442Z LN -38998494.18 298627314.6
CAPITAL HOME LOA 3809804Z LN -15503258.05 16833730499
CARISBROOKE ANGL 3815488Z LN -67887962.81 125396545.6
CARLISLE GROUP 506819Q LN -11904428.42 203548565
CATTLES PLC CTT EB -599615492.2 3880885246
CATTLES PLC CTT IX -599615492.2 3880885246
CATTLES PLC CTT LN -599615492.2 3880885246
CATTLES PLC CTTEUR EU -599615492.2 3880885246
CATTLES PLC CTTUSD EU -599615492.2 3880885246
CATTLES PLC CTT TQ -599615492.2 3880885246
CATTLES PLC CTT EU -599615492.2 3880885246
CATTLES PLC CZS GR -599615492.2 3880885246
CATTLES PLC CTTSEK EU -599615492.2 3880885246
CATTLES PLC CTTEUR EO -599615492.2 3880885246
CATTLES PLC CTT NQ -599615492.2 3880885246
CATTLES PLC CTTUSD EO -599615492.2 3880885246
CATTLES PLC CTTGBP EO -599615492.2 3880885246
CATTLES PLC CTTSEK EO -599615492.2 3880885246
CATTLES PLC CTT NR -599615492.2 3880885246
CATTLES PLC CTT PZ -599615492.2 3880885246
CATTLES PLC CHOXF US -599615492.2 3880885246
CATTLES PLC CTT EO -599615492.2 3880885246
CATTLES PLC CTT QM -599615492.2 3880885246
CATTLES PLC CTT PO -599615492.2 3880885246
CATTLES PLC CTT VX -599615492.2 3880885246
CATTLES PLC CTT BQ -599615492.2 3880885246
CATTLES PLC-ADR CHOXY US -599615492.2 3880885246
CATTLES PLC-FPR CTTF LN -599615492.2 3880885246
CATTLES PLC-FPR CTTF PZ -599615492.2 3880885246
CATTLES PLC-NPR CTTN LN -599615492.2 3880885246
CATTLES PLC-NPR CTTN IX -599615492.2 3880885246
CATTLES PLC-NPR CTTN PZ -599615492.2 3880885246
CATTLES PLC-NPR 2843730Q EU -599615492.2 3880885246
CATTLES PLC-NPR 2843726Q EO -599615492.2 3880885246
CATTLES PLC-NPR 2843734Q EO -599615492.2 3880885246
CATTLES PLC-NPR CCTN PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR LN -599615492.2 3880885246
CATTLES PLC-RFD CTTR PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR IX -599615492.2 3880885246
CEVA GROUP PLC 976811Z LN -404835205.1 5085742264
CHANNEL 5 TELEVI 93306Z LN -3955940.23 440416449.8
CHELSEA FOOTBALL 1508858Z LN -645325606.2 325028457.3
CHILTERN RAILWAY 1691664Z LN -18440739.08 143929126.6
CHRYSALIS GROUP CHS EU -16399845.81 124838262.3
CHRYSALIS GROUP CHS PZ -16399845.81 124838262.3
CHRYSALIS GROUP CYGUF US -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EU -16399845.81 124838262.3
CHRYSALIS GROUP CHS PO -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS EO -16399845.81 124838262.3
CHRYSALIS GROUP HR4 GR -16399845.81 124838262.3
CHRYSALIS GROUP 5CY GR -16399845.81 124838262.3
CHRYSALIS GROUP CHSUSD EU -16399845.81 124838262.3
CHRYSALIS GROUP CHS VX -16399845.81 124838262.3
CHRYSALIS GROUP CLYSF US -16399845.81 124838262.3
CHRYSALIS GROUP CHSGBP EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS LN -16399845.81 124838262.3
CHRYSALIS GROUP CHS IX -16399845.81 124838262.3
CHRYSALIS GROUP CHSUSD EO -16399845.81 124838262.3
CLASSIC HOSPITAL 802723Z LN -6453011.416 212249352.1
CLIPPER WINDPOWE CWP EO -168322000 436419008
CLIPPER WINDPOWE CWP IX -168322000 436419008
CLIPPER WINDPOWE C2W GR -168322000 436419008
CLIPPER WINDPOWE CWP LN -168322000 436419008
CLIPPER WINDPOWE CWP PG -168322000 436419008
CLIPPER WINDPOWE CWPA LN -168322000 436419008
CLIPPER WINDPOWE CWP PZ -168322000 436419008
CLIPPER WINDPOWE CWP EU -168322000 436419008
CLIPPER WINDPOWE 3470635Q LN -168322000 436419008
CLIPPER WINDPOWE CRPWF US -168322000 436419008
COMMUNITY HOUSIN 4448257Z LN -3215992.54 202983429.4
COMO HOLDINGS UK 3818576Z LN -23709992.86 122013803.9
COMPASS GROU-OLD 1259Q LN -668101173.9 2972459078
COMPASS GROUP QOP GR -668101173.9 2972459078
COMPASS GRP-ADR CMSGY US -668101173.9 2972459078
COMPASS GRP-ADR CMSJY US -668101173.9 2972459078
CONNECT UTILITIE 2112683Z LN -6756036.693 135500422.8
CONVENIENCE FOOD 1555794Z LN -76242510.77 781213617
COOLKEERAGH ESB 4471679Z LN -21270460.2 308163645.9
CPI MORTARS LTD 1751696Z LN -22518097.49 110009816.1
CROSBY GROUP PLC 237335Z LN -122188674.2 211009635.6
CROWN BLUE LINE 1369234Z LN -5491244.659 143228058.8
CSC METROCENTRE 1203663Z LN -177523497.7 231888247
CUCINA LUX INVES 4503083Z LN -332083965.3 3040705457
DANKA BUS SYSTEM DNK LN -497126976 121439000
DANKA BUS SYSTEM 3205291Q EO -497126976 121439000
DANKA BUS SYSTEM DNK VX -497126976 121439000
DANKA BUS SYSTEM DNK IX -497126976 121439000
DANKA BUS SYSTEM DNK PO -497126976 121439000
DANKA BUS SYSTEM DNK PZ -497126976 121439000
DANKA BUS SYSTEM 3205283Q EO -497126976 121439000
DANKA BUS SYSTEM DANKF US -497126976 121439000
DANKA BUS SYSTEM 3205287Q EU -497126976 121439000
DANKA BUS-$US CE DANKD AR -497126976 121439000
DANKA BUS-ADR DANKY US -497126976 121439000
DANKA BUS-ADR AP39 LI -497126976 121439000
DANKA BUS-ADR DB6 GR -497126976 121439000
DANKA BUS-ADR DANKE US -497126976 121439000
DANKA BUS-BLK CE DANKB AR -497126976 121439000
DANKA BUS-C/E CE DANKC AR -497126976 121439000
DANKA BUS-CEDEAR DANK AR -497126976 121439000
DARTY PLC KESA QM -154779892.4 1917418684
DARTY PLC DRTYUSD EU -154779892.4 1917418684
DARTY PLC KESA5 EO -154779892.4 1917418684
DARTY PLC KESA IX -154779892.4 1917418684
DARTY PLC KESA2 EO -154779892.4 1917418684
DARTY PLC KESA EO -154779892.4 1917418684
DARTY PLC DRTY EO -154779892.4 1917418684
DARTY PLC KESA3 EO -154779892.4 1917418684
DARTY PLC KESA6 EO -154779892.4 1917418684
DARTY PLC DRTY QM -154779892.4 1917418684
DARTY PLC DRTY LN -154779892.4 1917418684
DARTY PLC KESA9 EO -154779892.4 1917418684
DARTY PLC DRTY EU -154779892.4 1917418684
DARTY PLC DRTYGBP EO -154779892.4 1917418684
DARTY PLC KE4 GR -154779892.4 1917418684
DARTY PLC DRTY IX -154779892.4 1917418684
DARTY PLC KESA TQ -154779892.4 1917418684
DARTY PLC KESAF US -154779892.4 1917418684
DARTY PLC KESA8 EO -154779892.4 1917418684
DARTY PLC KESA4 EO -154779892.4 1917418684
DARTY PLC DRTY TQ -154779892.4 1917418684
DARTY PLC DRTYEUR EO -154779892.4 1917418684
DARTY PLC KESA BQ -154779892.4 1917418684
DARTY PLC DRTYEUR EU -154779892.4 1917418684
DARTY PLC KESA NR -154779892.4 1917418684
DARTY PLC DRTYI GR -154779892.4 1917418684
DARTY PLC KESA NQ -154779892.4 1917418684
DARTY PLC DRTY EB -154779892.4 1917418684
DARTY PLC KE4 GK -154779892.4 1917418684
DARTY PLC DRTYUSD EO -154779892.4 1917418684
DARTY PLC DRTY FP -154779892.4 1917418684
DARTY PLC KES1 EO -154779892.4 1917418684
DARTY PLC KSA FP -154779892.4 1917418684
DARTY PLC KESA7 EO -154779892.4 1917418684
DARTY PLC KESA S1 -154779892.4 1917418684
DARTY PLC KESA EB -154779892.4 1917418684
DAVENHAM GROUP P DAV EO -57317833.22 114701147.6
DAVENHAM GROUP P DAV EU -57317833.22 114701147.6
DAVENHAM GROUP P DAV PZ -57317833.22 114701147.6
DAVENHAM GROUP P DAH GR -57317833.22 114701147.6
DAVENHAM GROUP P DAV PG -57317833.22 114701147.6
DAVENHAM GROUP P DAH TH -57317833.22 114701147.6
DAVENHAM GROUP P DAV LN -57317833.22 114701147.6
DAVENHAM GROUP P DAVEUR EO -57317833.22 114701147.6
DCK GROUP LTD 4006628Z LN -23972516.74 108515833.6
DE LA RUE PLC DLAR TQ -72920095.83 652922700.1
DE LA RUE PLC DLAREUR EU -72920095.83 652922700.1
DE LA RUE PLC DL1C GK -72920095.83 652922700.1
DE LA RUE PLC DLARUSD EO -72920095.83 652922700.1
DE LA RUE PLC DLAR LN -72920095.83 652922700.1
DE LA RUE PLC DL1 GR -72920095.83 652922700.1
DE LA RUE PLC DELRF US -72920095.83 652922700.1
DE LA RUE PLC DLAR EB -72920095.83 652922700.1
DE LA RUE PLC DLAR8 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR BQ -72920095.83 652922700.1
DE LA RUE PLC DLAR NR -72920095.83 652922700.1
DE LA RUE PLC DLAR PZ -72920095.83 652922700.1
DE LA RUE PLC DLRUF US -72920095.83 652922700.1
DE LA RUE PLC DLAR1 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR NQ -72920095.83 652922700.1
DE LA RUE PLC DLARCHF EU -72920095.83 652922700.1
DE LA RUE PLC DLAR4 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR S1 -72920095.83 652922700.1
DE LA RUE PLC DLARUSD EU -72920095.83 652922700.1
DE LA RUE PLC DLARF US -72920095.83 652922700.1
DE LA RUE PLC DL1A GR -72920095.83 652922700.1
DE LA RUE PLC DL1C GR -72920095.83 652922700.1
DE LA RUE PLC DLA EO -72920095.83 652922700.1
DE LA RUE PLC DLAR IX -72920095.83 652922700.1
DE LA RUE PLC DLAR7 EO -72920095.83 652922700.1
DE LA RUE PLC DL1B GR -72920095.83 652922700.1
DE LA RUE PLC DLAR QM -72920095.83 652922700.1
DE LA RUE PLC DLAREUR EO -72920095.83 652922700.1
DE LA RUE PLC DLAR EO -72920095.83 652922700.1
DE LA RUE PLC DLARCHF EO -72920095.83 652922700.1
DE LA RUE PLC DLAR VX -72920095.83 652922700.1
DE LA RUE PLC DLARGBP EO -72920095.83 652922700.1
DE LA RUE PLC DLAR9 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR EU -72920095.83 652922700.1
DE LA RUE PLC DLAR5 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR3 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR PO -72920095.83 652922700.1
DE LA RUE PLC DLAR6 EO -72920095.83 652922700.1
DE LA RUE PLC DLAR2 EO -72920095.83 652922700.1
DE LA RUE-ADR DERUY US -72920095.83 652922700.1
DE LA RUE-ADR DLUEY US -72920095.83 652922700.1
DE LA RUE-PREF 3115438Q EU -72920095.83 652922700.1
DE LA RUE-PREF DLAP PZ -72920095.83 652922700.1
DE LA RUE-PREF DLAP LN -72920095.83 652922700.1
DE STEFANO INVES 3814768Z LN -10968616.22 208612111
DIAMOND RESORT H 1710824Z LN -36346087.76 199633867
DIAMOND RESORTS 1578906Z LN -55241260.22 185000514.5
DISPOSABLE SOFT 1124335Z LN -25554763.54 154077028.1
DONVAND LTD 2564906Z LN -8746031.883 235830922.7
DRIVE ASSIST HOL 3641135Z LN -129629293.2 804046536.3
DTZ DEBENHAM TIE 1637608Z LN -65367918.17 431959182
E ON RUHRGAS UK 1671208Z LN -203389128.9 397727814.9
E ON UK CHP LTD 2642428Z LN -441420879.2 292251726.5
EASYNET GROUP EZNGF US -60380605.51 334049332.2
EASYNET GROUP ESY PO -60380605.51 334049332.2
EASYNET GROUP ESY LN -60380605.51 334049332.2
EASYNET GROUP ESY VX -60380605.51 334049332.2
EASYNET GROUP EAY GR -60380605.51 334049332.2
EASYNET GROUP-CV 91009Z LN -60380605.51 334049332.2
EC HARRIS LLP 4448521Z LN -16034293.72 122879662.7
EDF ENERGY 1 LTD 1201287Z LN -173168019.1 373323626.4
EDF ENERGY CUSTO LON LN -998743443.7 5451617395
ELE INVTS LTD ELCT US -50659516.57 281969290.1
EMI GROUP -ASSD EMIA LN -2265916257 2950021937
EMI GROUP LTD EMI LN -2265916257 2950021937
EMI GROUP PLC EMI VX -2265916257 2950021937
EMI GROUP PLC 3020138Q GR -2265916257 2950021937
EMI GROUP PLC EMI IX -2265916257 2950021937
EMI GROUP PLC EMIPF US -2265916257 2950021937
EMI GROUP PLC EMI PO -2265916257 2950021937
EMI GROUP PLC-B 1019425Q LN -2265916257 2950021937
EMI GROUP-ADR EMI$ LN -2265916257 2950021937
EMI GROUP-ADR EMIPY US -2265916257 2950021937
EMI GROUP-ADR 38IS LN -2265916257 2950021937
EQUINITI LTD 977621Z LN -91870053.33 903061439.5
EQUITY INSURANCE 1284698Z LN -29894777.4 147890791
ERM GROUP HOLDIN 3125976Z LN -175924992 616248000
ERM-EUROPE LTD 1539482Z LN -5766265.722 206231135.2
ESPORTA HEALTH & 1689624Z LN -34019016.45 143720210.5
EUROPEAN HOME EHR EU -14328735.16 110864081.4
EUROPEAN HOME EHR3 EO -14328735.16 110864081.4
EUROPEAN HOME FPAKF US -14328735.16 110864081.4
EUROPEAN HOME EHR5 EO -14328735.16 110864081.4
EUROPEAN HOME EHR6 EO -14328735.16 110864081.4
EUROPEAN HOME EHREUR EO -14328735.16 110864081.4
EUROPEAN HOME EHR LN -14328735.16 110864081.4
EUROPEAN HOME KLZ PO -14328735.16 110864081.4
EUROPEAN HOME EHR2 EO -14328735.16 110864081.4
EUROPEAN HOME KLZ VX -14328735.16 110864081.4
EUROPEAN HOME EHR PZ -14328735.16 110864081.4
EUROPEAN HOME EHR PO -14328735.16 110864081.4
EUROPEAN HOME EHR9 EO -14328735.16 110864081.4
EUROPEAN HOME EHR EO -14328735.16 110864081.4
EUROPEAN HOME EHR10 EO -14328735.16 110864081.4
EUROPEAN HOME EHREUR EU -14328735.16 110864081.4
EUROPEAN HOME EHR4 EO -14328735.16 110864081.4
EUROPEAN HOME EHR8 EO -14328735.16 110864081.4
EUROPEAN HOME EHR1 EO -14328735.16 110864081.4
EUROPEAN HOME EHR VX -14328735.16 110864081.4
EUROPEAN HOME EHR7 EO -14328735.16 110864081.4
EUROPEAN HOME EHRGBP EO -14328735.16 110864081.4
EUROSTAR INTERNA 4379945Z LN -2296294817 600452807.4
EXOVA PLC 4507835Z LN -23478618.65 727804846.1
EXXONMOBIL MARIN 1196527Z LN -10207264.01 337580273
FAIRLINE BOATS H 4498779Z LN -13944238.58 114504852.8
FAREPAK PLC FPK LN -14328735.16 110864081.4
FINANCIAL SERVIC 2630281Z LN -150518742.9 432118909.8
FIRST CHOICE HOL 1098394Z LN -599861682.6 608849393.2
FITNESS FIRST GR 4501843Z LN -959590355.8 1731530545
FLECTAT LTD 1160967Z LN -53267356.38 102516976.5
FOOTBALL FOUNDAT 3958180Z LN -1856870.101 108334858
FORD MOTOR CO LT 1291306Z LN -198002524.7 4858077693
FORENSIC SCIENCE 2616518Z LN -114373361.6 144478716.5
FOUR SEASONS HEA 1865450Z LN -126472163.8 267951983.6
FRENCH CONNECTIO 1092170Z LN -21270716.65 169362489.9
FUNDING CORP LTD 4157637Z LN -28925795.68 201083535.3
FW FARNSWORTH LT 1293386Z LN -44420065.35 102695080.1
GALA ELECTRIC CA 1228295Z LN -1443271177 5858442731
GALIFORM CORPORA 1478794Z LN -49876078.98 987241731.3
GALLAGHER UK LTD 4422897Z LN -14056336.1 197494963.7
GAMESTEC LEISURE 1432626Z LN -22918299.36 107315419.3
GARTLAND WHALLEY GWB LN -10986768.6 145352034.5
GE CALEDONIAN LT 2178340Z LN -152040000 333438016
GENERAL MOTORS 1062338Z LN -1258953111 1981116650
GGT GROUP PLC 500970Q LN -156372272 408211200.9
GGT GROUP-ADR GGTRY US -156372272 408211200.9
GLADEDALE VENTUR 2209596Z LN -40300529.62 104554687.5
GLAXOSMITHKLINE 1426Z LN -9429285.587 13095256920
GLOBAL CROSSING 3629883Z LN -353965082.8 492328850.3
GLOBAL RADIO SER 4171741Z LN -62302229.74 181387133.2
GONDOLA GROUP LT 4499995Z LN -284524422.8 1496226646
GONDOLA HOLD 913024Q GR -368104339.6 1568916934
GONDOLA HOLD GND VX -368104339.6 1568916934
GONDOLA HOLDINGS GND LN -368104339.6 1568916934
GONDOLA HOLDINGS GND IX -368104339.6 1568916934
GONDOLA HOLD-NEW GNDA LN -368104339.6 1568916934
GONDOLA HOLD-NEW GNDB LN -368104339.6 1568916934
GOODRICH CONTROL 3631571Z LN -203464797 600544111.2
GOODYEAR DUNLOP 3894550Z LN -191322012.8 287023355
GRANT THORNTON U 961842Z LN -87634636.95 389831122.7
HARMSWORTH PRINT 1552314Z LN -17382531.76 325365175.8
HARMSWORTH PRINT 1719464Z LN -46809590.17 171744856.2
HARMSWORTH QUAYS 1552378Z LN -109747106.9 292508124.8
HAS ACCIDENT MAN 3815368Z LN -71038252.12 266645094.8
HAYMARKET GROUP 4158941Z LN -100498143 307693877.6
HENDERSON ADMINI 1296626Z LN -14041029.43 1007142193
HESS INDONESIA P 1705776Z LN -90105554.61 634894802.5
HMV GROUP -GDR 276960Q GR -218490042.1 415846374.8
HMV GROUP -GDR 29362Z US -218490042.1 415846374.8
HMV GROUP PLC HMV1 EO -218490042.1 415846374.8
HMV GROUP PLC HMVMF US -218490042.1 415846374.8
HMV GROUP PLC HMV NQ -218490042.1 415846374.8
HMV GROUP PLC HMV4 EO -218490042.1 415846374.8
HMV GROUP PLC HMVUSD EU -218490042.1 415846374.8
HMV GROUP PLC HMV2 EO -218490042.1 415846374.8
HMV GROUP PLC HMVEUR EO -218490042.1 415846374.8
HMV GROUP PLC HMVUSD EO -218490042.1 415846374.8
HMV GROUP PLC HMVGBP EO -218490042.1 415846374.8
HMV GROUP PLC HMV IX -218490042.1 415846374.8
HMV GROUP PLC HMV10 EO -218490042.1 415846374.8
HMV GROUP PLC HMV3 EO -218490042.1 415846374.8
HMV GROUP PLC HMV BQ -218490042.1 415846374.8
HMV GROUP PLC HM4 GK -218490042.1 415846374.8
HMV GROUP PLC HM4 GR -218490042.1 415846374.8
HMV GROUP PLC HMV EB -218490042.1 415846374.8
HMV GROUP PLC HMV PZ -218490042.1 415846374.8
HMV GROUP PLC HMVEUR EU -218490042.1 415846374.8
HMV GROUP PLC HMV VX -218490042.1 415846374.8
HMV GROUP PLC HMV9 EO -218490042.1 415846374.8
HMV GROUP PLC HMV TQ -218490042.1 415846374.8
HMV GROUP PLC HMV S1 -218490042.1 415846374.8
HMV GROUP PLC HMV8 EO -218490042.1 415846374.8
HMV GROUP PLC HMV EO -218490042.1 415846374.8
HMV GROUP PLC HMV7 EO -218490042.1 415846374.8
HMV GROUP PLC HMV5 EO -218490042.1 415846374.8
HMV GROUP PLC HMV QM -218490042.1 415846374.8
HMV GROUP PLC HMV PO -218490042.1 415846374.8
HMV GROUP PLC HMV EU -218490042.1 415846374.8
HMV GROUP PLC HMV LN -218490042.1 415846374.8
HMV GROUP PLC HMV NR -218490042.1 415846374.8
HMV GROUP PLC HMV6 EO -218490042.1 415846374.8
HOLIDAY AUTOS IN 1155863Z LN -47020142.86 391438531.3
HOMEFIELD PVT UK 4501835Z LN -13668996.51 455224068.7
HOTEL CORP PLC HHA TH -234303120.5 370820493.6
HOTEL CORP PLC HCP EU -234303120.5 370820493.6
HOTEL CORP PLC HCP LN -234303120.5 370820493.6
HOTEL CORP PLC HHA GR -234303120.5 370820493.6
HOTEL CORP PLC HCP PO -234303120.5 370820493.6
HOTEL CORP PLC HCPEUR EO -234303120.5 370820493.6
HOTEL CORP PLC HCP PZ -234303120.5 370820493.6
HOTEL CORP PLC HCP PG -234303120.5 370820493.6
HOTEL CORP PLC HCP EO -234303120.5 370820493.6
HOTEL CORP-RFD HCPA LN -234303120.5 370820493.6
HOUSE FRASER-ADR HOFSY US -14410799.86 200149998.1
HOUSE FRASER-ADR HSFRY US -14410799.86 200149998.1
HOUSE OF FRASER HSFRF US -14410799.86 200149998.1
HOUSE OF FRASER HOF VX -14410799.86 200149998.1
HOUSE OF FRASER HOF PO -14410799.86 200149998.1
HOUSE OF FRASER HOF PZ -14410799.86 200149998.1
HOUSE OF FRASER HOF LN -14410799.86 200149998.1
HOUSE OF FRASER HOF IX -14410799.86 200149998.1
HUTCHISON 3G UK 265923Z LN -2558478023 10215382954
HYDREX HOLDINGS 4156949Z LN -150849963.2 145584295.2
IGLO FOODS GROUP 2332487Z LN -536668915.5 4700658208
IKANO FINANCIAL 2599182Z LN -11016514.34 150562302.2
INCISIVE MED-ASD INMA LN -35359948.83 1084526802
INCISIVE MEDIA 2290661Q PZ -35359948.83 1084526802
INCISIVE MEDIA 997071Q GR -35359948.83 1084526802
INCISIVE MEDIA INM IX -35359948.83 1084526802
INCISIVE MEDIA INM PO -35359948.83 1084526802
INCISIVE MEDIA 2292912Q VX -35359948.83 1084526802
INCISIVE MEDIA 4030Z LN -35359948.83 1084526802
INCISIVE MEDIA 2290657Q LN -35359948.83 1084526802
INCOMMUNITIES GR 4508531Z LN -76955719.31 411468753.5
INEOS GROUP HLDG 6623Z LN -417958386.5 12037072140
INEOS MANUFACTUR 2170452Z LN -6726362.412 1831309315
INEOS VINYLS UK 1072618Z LN -15123027.48 219361852.2
INFORMA UK LTD 699186Z LN -267015729.6 1019729118
INSPIRED GAMING 1181783Z LN -87284373.38 396170831.1
INTELLIGENT FINA 1645352Z LN -18029143.28 152828326.7
INTERFLOOR GROUP 317371Z LN -6491968.079 102342688.7
INTERNATIONAL MA 2842386Z LN -3474420.46 109056784.7
INTERNATIONAL RE 1074242Z LN -43752001.08 114451373.2
IRANIAN OIL CO U 1380570Z LN -137208702.6 280446335.8
JARVIS PLC JRVSEUR EU -64739862.73 130951086
JARVIS PLC JRVS LN -64739862.73 130951086
JARVIS PLC JRVS4 EO -64739862.73 130951086
JARVIS PLC JRVS3 EO -64739862.73 130951086
JARVIS PLC JRVS EO -64739862.73 130951086
JARVIS PLC JVR GR -64739862.73 130951086
JARVIS PLC JRVS2 EO -64739862.73 130951086
JARVIS PLC JRVS1 EO -64739862.73 130951086
JARVIS PLC JVSPF US -64739862.73 130951086
JARVIS PLC JRVS IX -64739862.73 130951086
JARVIS PLC JRVS PZ -64739862.73 130951086
JARVIS PLC JRVS VX -64739862.73 130951086
JARVIS PLC JRVSEUR EO -64739862.73 130951086
JARVIS PLC JRVS9 EO -64739862.73 130951086
JARVIS PLC JRVS6 EO -64739862.73 130951086
JARVIS PLC JRV EO -64739862.73 130951086
JARVIS PLC JRVS5 EO -64739862.73 130951086
JARVIS PLC JRVS PO -64739862.73 130951086
JARVIS PLC JRVSGBP EO -64739862.73 130951086
JARVIS PLC JRVS EU -64739862.73 130951086
JARVIS PLC JRVS8 EO -64739862.73 130951086
JARVIS PLC JRVS7 EO -64739862.73 130951086
JDR ENTERPRISES 3947788Z LN -18283944.55 190661628.9
JESSOPS PLC JSP LN -42702018.35 112964060.4
JESSOPS PLC JSP EO -42702018.35 112964060.4
JESSOPS PLC JSPEUR EO -42702018.35 112964060.4
JESSOPS PLC JSP IX -42702018.35 112964060.4
JESSOPS PLC JSP PZ -42702018.35 112964060.4
JESSOPS PLC JSP EU -42702018.35 112964060.4
JESSOPS PLC JSP PO -42702018.35 112964060.4
JESSOPS PLC JSPGBP EO -42702018.35 112964060.4
JESSOPS PLC JS4 GR -42702018.35 112964060.4
JESSOPS PLC JSPEUR EU -42702018.35 112964060.4
JESSOPS PLC JSP VX -42702018.35 112964060.4
JP MCDOUGALL & C 1293298Z LN -38788226.87 105778561.4
JVC EUROPE LTD 2667041Z LN -2824766.239 131996942.9
KBC LEASE UK LTD 2682395Z LN -182770025.2 231589490.3
KCA DEUTAG DRILL 2173132Z LN -44273052.72 185361544.7
KERLING PLC 3537299Z LN -6358587.289 2646257974
KESA ELECTRI-ADR KESAY US -154779892.4 1917418684
KESA ELECTRICALS KESAEUR EO -154779892.4 1917418684
KESA ELECTRICALS KESAGBP EO -154779892.4 1917418684
KESA ELECTRICALS KESA VX -154779892.4 1917418684
KESA ELECTRICALS KESA PO -154779892.4 1917418684
KESA ELECTRICALS KESAI IX -154779892.4 1917418684
KESA ELECTRICALS KESA PZ -154779892.4 1917418684
KESA ELECTRICALS KESAUSD EU -154779892.4 1917418684
KESA ELECTRICALS KESAUSD EO -154779892.4 1917418684
KESA ELECTRICALS KES EO -154779892.4 1917418684
KESA ELECTRICALS KESAEUR EU -154779892.4 1917418684
KESA ELECTRICALS KESA LN -154779892.4 1917418684
KESA ELECTRICALS KESA EU -154779892.4 1917418684
KESTREL HOLDINGS 4499515Z LN -3577225.606 950172823.8
KILMARTIN HOLDIN 3589161Z LN -32467784.16 576731039.1
KILMARTIN PROPER 534862Z LN -37743228.9 444220212.7
KLEENEZE PLC KLZ LN -14328735.16 110864081.4
KODAK LTD 1275242Z LN -180673404.9 661044368.6
LANCASTER INVEST 1575538Z LN -54823340.19 121302849.6
LAND SECURITIES 1371626Z LN -103330200.3 4796043425
LAPSENT LTD 203678Z LN -26875940.03 200397842.7
LAST MINUTE NETW 1180895Z LN -624958331.1 357173156
LEEDS SPORTING LEDPF US -73166148.8 143762193.7
LEEDS SPORTING LES LN -73166148.8 143762193.7
LEEDS UNITED PLC 889687Q GR -73166148.8 143762193.7
LEEDS UNITED PLC LDSUF US -73166148.8 143762193.7
LEEDS UNITED PLC LUFC LN -73166148.8 143762193.7
LGC LTD 161695Z LN -44759203.51 163172696.4
LHR AIRPORTS LTD BAA LN -305487309.1 20626980048
LINK FINANCIAL 3041Z LN -77907330.21 237500167.3
LIONCOVER INSURA 1120431Z LN -221632.1611 741441082.5
LLOYDS TSB EQUIP 1238423Z LN -1919544.165 270438080.8
LLOYDS TSB EQUIP 1214495Z LN -661481.4498 334557469.7
LOMBARD CORPORAT 1162975Z LN -7309362.404 198951662.4
LONDON ELEC-ADR 3165952Q US -998743443.7 5451617395
LONDON TOWN PLC LTW PZ -21897636.36 175672299.2
LONDON TOWN PLC LTW EO -21897636.36 175672299.2
LONDON TOWN PLC LTW EU -21897636.36 175672299.2
LONDON TOWN PLC LOU GR -21897636.36 175672299.2
LONDON TOWN PLC LTW IX -21897636.36 175672299.2
LONDON TOWN PLC LTW LN -21897636.36 175672299.2
LONDON TOWN PLC LTWR LN -21897636.36 175672299.2
LONDON TOWN PLC LTW PG -21897636.36 175672299.2
LONDON TOWN PLC LTWX LN -21897636.36 175672299.2
LONDON TOWN PLC LTW PO -21897636.36 175672299.2
LOTUS CARS LTD 1361858Z LN -35114342.56 198253618.4
LOTUS GROUP INTE 144299Z LN -36824866.02 207696437.1
M 2003 PLC MTWOF US -2203513803 7204891602
M 2003 PLC 203055Q LN -2203513803 7204891602
M 2003 PLC-ADR MTWOY US -2203513803 7204891602
M 2003 PLC-ADR MTWOE US -2203513803 7204891602
MANCHESTER CITY 2348397Z LN -585663648.2 853089281.3
MANSFORD HOLDING 253659Z LN -4565898.062 650742111.3
MARCONI PLC MNI LN -2203513803 7204891602
MARCONI PLC MY2 GR -2203513803 7204891602
MARCONI PLC MNI BB -2203513803 7204891602
MARCONI PLC 203083Q VX -2203513803 7204891602
MARCONI PLC MONI BB -2203513803 7204891602
MARCONI PLC MRCQF US -2203513803 7204891602
MARCONI PLC-ADR MY2A GR -2203513803 7204891602
MARCONI PLC-ADR MONIE US -2203513803 7204891602
MARCONI PLC-ADR MRCQY US -2203513803 7204891602
MARCONI PLC-ADR QUQMON AU -2203513803 7204891602
MARCONI PLC-ADR MCONY US -2203513803 7204891602
MARCONI PLC-ADR MONI US -2203513803 7204891602
MARCONI PLC-ADR MONIY US -2203513803 7204891602
MARCONI PLC-ADR MCBA GR -2203513803 7204891602
MAYBOURNE HOTELS 1824362Z LN -7394692.715 356529270.5
MCINERNEY GROUP 1967014Z LN -174737505.4 140489212.7
MEADOWHALL FINAN 3560793Z LN -6035547.782 1318968635
MEDIAEDGE CIA UK 1912470Z LN -30968632.67 193466296
MEDIMMUNE LTD 1596402Z LN -246912279 292289144.3
MENZIES HOTELS H 4496419Z LN -100398281.3 322775887.8
MENZIES HOTELS L 1136583Z LN -13067356.23 180728283.4
MENZIES HOTELS O 2527986Z LN -154664298.1 147542502.3
MERLIN ENTERTAIN 305364Z LN -223818.382 152824734.8
MIDLAND EXPRESSW 583730Z LN -96899629.27 1076416510
MILLENNIUM STADI 1727672Z LN -19667498.58 154757357.6
MILLER HOMES LTD 2220892Z LN -221920899.9 657431424.2
MONARCH HOLDINGS 4502027Z LN -69668058.94 698208587.3
MOTO HOSPITALITY 1344378Z LN -271958905.3 941107670.9
MOUCHEL GROUP PL MCHL BQ -62837312.61 491359437
MOUCHEL GROUP PL MCHLEUR EU -62837312.61 491359437
MOUCHEL GROUP PL MCHLEUR EO -62837312.61 491359437
MOUCHEL GROUP PL MCHL PZ -62837312.61 491359437
MOUCHEL GROUP PL MCHL NQ -62837312.61 491359437
MOUCHEL GROUP PL MOUCF US -62837312.61 491359437
MOUCHEL GROUP PL MCHL EU -62837312.61 491359437
MOUCHEL GROUP PL MCHL TQ -62837312.61 491359437
MOUCHEL GROUP PL MCHL LN -62837312.61 491359437
MOUCHEL GROUP PL MCHL S1 -62837312.61 491359437
MOUCHEL GROUP PL MCHL EB -62837312.61 491359437
MOUCHEL GROUP PL MCHLGBP EO -62837312.61 491359437
MOUCHEL GROUP PL MCHL IX -62837312.61 491359437
MOUCHEL GROUP PL MCHL QM -62837312.61 491359437
MOUCHEL GROUP PL MCHL NR -62837312.61 491359437
MOUCHEL GROUP PL MCHL VX -62837312.61 491359437
MOUCHEL GROUP PL MO6 GR -62837312.61 491359437
MOUCHEL GROUP PL MCHL EO -62837312.61 491359437
MOUCHEL PARKMAN MCHL PO -62837312.61 491359437
MYTRAVEL GROUP MT/S VX -379721780.5 1817512774
MYTRAVEL GROUP ARO2 GR -379721780.5 1817512774
MYTRAVEL GROUP MYTPF US -379721780.5 1817512774
MYTRAVEL GROUP MT/S LN -379721780.5 1817512774
MYTRAVEL GROUP 3544280Q IX -379721780.5 1817512774
MYTRAVEL GROUP MT/S PO -379721780.5 1817512774
MYTRAVEL GROUP P 1018144Q GR -379721780.5 1817512774
MYTRAVEL GROUP P MYTGF US -379721780.5 1817512774
MYTRAVEL GROUP P MT/ LN -379721780.5 1817512774
MYTRAVEL GROUP P MT/ VX -379721780.5 1817512774
MYTRAVEL GROUP-A MYTVF US -379721780.5 1817512774
MYTRAVEL GROUP-A 2281919Q GR -379721780.5 1817512774
MYTRAVEL TOUR OP 1190295Z LN -1444587831 1560632416
NATIONS HEALTHCA 623142Z LN -73694956.7 114365932.5
NCR LTD 3083521Z LN -312454220.3 410209794.2
NDS GROUP HOLDIN 0112196D US -720982016 649305984
NDS GROUP HOLDIN NDSG US -720982016 649305984
NESTLE UK LTD 1274562Z LN -431385112.4 1655061910
NEW LOOK RETAIL 2711544Z LN -463020028.6 2346673230
NEW STAR ASSET 3226447Q EO -397718038 292972732.1
NEW STAR ASSET 3226431Q EU -397718038 292972732.1
NEW STAR ASSET 3226435Q EO -397718038 292972732.1
NEW STAR ASSET 3226443Q EO -397718038 292972732.1
NEW STAR ASSET NSAM IX -397718038 292972732.1
NEW STAR ASSET NSAM PZ -397718038 292972732.1
NEW STAR ASSET NSAM TQ -397718038 292972732.1
NEW STAR ASSET 3226439Q EU -397718038 292972732.1
NEW STAR ASSET NSAA LN -397718038 292972732.1
NEW STAR ASSET NSAM LN -397718038 292972732.1
NEW STAR ASSET N6S GR -397718038 292972732.1
NEW STAR ASSET NSAM PO -397718038 292972732.1
NEW STAR ASSET NWSAF US -397718038 292972732.1
NEWCASTLE UNITED 4380361Z LN -102558583.4 184539911.8
NEWCASTLE UNITED 1060322Z LN -112290583.6 186651205.2
NORBAIN GROUP LT 4007676Z LN -15436972.45 108956420.2
NORTHERN FO-ASSD NFDA LN -70166103.48 924672036.4
NORTHERN FOODS NFDS BQ -70166103.48 924672036.4
NORTHERN FOODS NFO GK -70166103.48 924672036.4
NORTHERN FOODS NFO GR -70166103.48 924672036.4
NORTHERN FOODS NFDS IX -70166103.48 924672036.4
NORTHERN FOODS NFDS EB -70166103.48 924672036.4
NORTHERN FOODS NFDS NR -70166103.48 924672036.4
NORTHERN FOODS NFDS EU -70166103.48 924672036.4
NORTHERN FOODS NTFOF US -70166103.48 924672036.4
NORTHERN FOODS NFDS PO -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EU -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EO -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EO -70166103.48 924672036.4
NORTHERN FOODS NFDS VX -70166103.48 924672036.4
NORTHERN FOODS NFDSGBP EO -70166103.48 924672036.4
NORTHERN FOODS NFDS TQ -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EU -70166103.48 924672036.4
NORTHERN FOODS NFDS LN -70166103.48 924672036.4
NORTHERN FOODS NFDS NQ -70166103.48 924672036.4
NORTHERN FOODS NFDS EO -70166103.48 924672036.4
NORTHERN FOODS NFDS PZ -70166103.48 924672036.4
NORTHERN FOODS NFDS QM -70166103.48 924672036.4
NORTHERN FOODS NFDS S1 -70166103.48 924672036.4
NORTHERN FOODS P NFDR LN -70166103.48 924672036.4
NORTHERN FOO-NEW NFDN LN -70166103.48 924672036.4
NORTHERN FOO-RFD 650060Q LN -70166103.48 924672036.4
NOVAR ED&S LTD 1286578Z LN -12362003.04 176723922
NOVELIS UK LTD 1295610Z LN -29354907.35 167393334.2
NPIL HOLDCO LTD 3641071Z LN -174437379.8 865144704.3
NPOWER GAS LTD 1689816Z LN -381274433.9 500408294.4
NPOWER LTD 1185599Z LN -399535772.9 3443512739
ODEON AND UCI CI 3489372Z LN -9566081.035 1177725714
O-I MANUFACTURIN 1320610Z LN -7063615.875 126090273.5
OPTIMUM CARE LTD 3951796Z LN -23827846.5 131314548.6
ORANGE LTD 951641Q LN -593935104.1 2902299502
ORANGE PLC 1460Q GR -593935104.1 2902299502
ORANGE PLC ORNGF US -593935104.1 2902299502
ORANGE PLC-ADR ORNGY US -593935104.1 2902299502
ORANGE PLC-ADR 0212530D GR -593935104.1 2902299502
ORANGE PLC-ADR ORA$ LN -593935104.1 2902299502
ORBIS PLC RLP GR -4168493.8 127701679.5
ORBIS PLC OBS PZ -4168493.8 127701679.5
ORBIS PLC OBS PO -4168493.8 127701679.5
ORBIS PLC OBG PO -4168493.8 127701679.5
ORBIS PLC OBS LN -4168493.8 127701679.5
ORBIS PLC OBS IX -4168493.8 127701679.5
ORBIS PLC ORBSF US -4168493.8 127701679.5
OUTDOOR GROUP LT 1318338Z LN -31903137.7 118192441
PARK FOOD GROUP PKFD LN -25106261.06 129310037.5
PARK GROUP PLC PKG VX -25106261.06 129310037.5
PARK GROUP PLC PKG LN -25106261.06 129310037.5
PARK GROUP PLC PKGGBP EO -25106261.06 129310037.5
PARK GROUP PLC PKG PO -25106261.06 129310037.5
PARK GROUP PLC PKG EO -25106261.06 129310037.5
PARK GROUP PLC PKG EU -25106261.06 129310037.5
PARK GROUP PLC PRKG IX -25106261.06 129310037.5
PARK GROUP PLC PRKGF US -25106261.06 129310037.5
PARK GROUP PLC PKG PZ -25106261.06 129310037.5
PARTNERSHIPS IN 551109Z LN -14369275.52 130118066.9
PATIENTLINE PLC PTL PZ -54677284.64 124948245.8
PATIENTLINE PLC PTL PO -54677284.64 124948245.8
PATIENTLINE PLC PTL IX -54677284.64 124948245.8
PATIENTLINE PLC 2928903Q EU -54677284.64 124948245.8
PATIENTLINE PLC 2928907Q EO -54677284.64 124948245.8
PATIENTLINE PLC PTL LN -54677284.64 124948245.8
PATIENTLINE PLC PTL VX -54677284.64 124948245.8
PATIENTLINE PLC 2928899Q EO -54677284.64 124948245.8
PD PORT SERVICES 1407442Z LN -25765273.42 161208354.8
PD PORTCO LTD 3233785Z LN -119608128.7 1023253296
PENDRAGON PREMIE 1858506Z LN -9649115.162 154892542
PEUGEOT CITROEN 1974702Z LN -72708407.45 266912249
PHS GROUP HOLDIN 3173182Z LN -211011146 1915467185
PHS GROUP PLC 592449Z LN -211011146 1915467185
PIPEX UK LTD 3956092Z LN -94417178.6 115954049.3
PLACES FOR PEOPL 1914158Z LN -73518044.71 609139900.7
PLANNED MAINTENA 1344714Z LN -57648953.97 148147314.6
PLUS HOUSING GRO 4015788Z LN -10023120.58 371941616.5
PORTSMOUTH FOOTB 2253627Z LN -93977761.27 177073811.1
POST OFFICE LTD 1542650Z LN -810274769.8 1745713935
POWERCORP INTERN 4449033Z LN -9367176.049 129787793.6
PREMIER PROPERTY 4006740Z LN -154087010.7 766206481.6
PRESTBURY WENTWO 3814856Z LN -84753043.56 659529899
PRINOVIS LIVERPO 2074147Z LN -2988243.19 248605708.8
PRODUCTION SERVI 2278723Z LN -2446188.672 198707226.6
PROSTRAKAN GROUP PSK VX -9666264.987 134080449.8
PROSTRAKAN GROUP PSK IX -9666264.987 134080449.8
PROSTRAKAN GROUP PSK PO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK LN -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSKGBP EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EU -9666264.987 134080449.8
PROSTRAKAN GROUP PSK PZ -9666264.987 134080449.8
PROSTRAKAN GROUP PSK S1 -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EU -9666264.987 134080449.8
PROSTRAKAN GROUP PKNGF US -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EO -9666264.987 134080449.8
QHOTELS GROUP LT 759287Z LN -184737716 699448824.7
QUINN BUILDING P 3949900Z LN -103500752.8 1203590333
QUINN RADIATORS 1405898Z LN -237606147.8 154925282.5
R&R ICE CREAM LT 3624280Z LN -111988803.7 916794825.4
RANDSTAD EMPLOYM 1585810Z LN -26968879.31 105042678
RAYTHEON SYSTEMS 1068610Z LN -32601425.32 346298511
RBS MEZZANINE LT 2198564Z LN -96650177.27 156895953.3
REGARD HOLDINGS 4157517Z LN -2678709.275 159772566.2
REGUS LTD 273187Q LN -46111832.15 367181111
REGUS PLC 2296Z LN -46111832.15 367181111
REGUS PLC REGSF US -46111832.15 367181111
REGUS PLC 273195Q VX -46111832.15 367181111
REGUS PLC RGU GR -46111832.15 367181111
REGUS PLC-ADS REGSY US -46111832.15 367181111
REGUS PLC-ADS REGSV US -46111832.15 367181111
REGUS PLC-ADS REGS US -46111832.15 367181111
REGUS PLC-ADS RGUA GR -46111832.15 367181111
RENTOKIL INITIAL RTO EB -265497954 2695753100
RENTOKIL INITIAL RTOEUR EO -265497954 2695753100
RENTOKIL INITIAL RTO IX -265497954 2695753100
RENTOKIL INITIAL RTO NR -265497954 2695753100
RENTOKIL INITIAL RTO S1 -265497954 2695753100
RENTOKIL INITIAL RTO1 GR -265497954 2695753100
RENTOKIL INITIAL RTO QM -265497954 2695753100
RENTOKIL INITIAL RKLIF US -265497954 2695753100
RENTOKIL INITIAL RTO BQ -265497954 2695753100
RENTOKIL INITIAL RTOUSD EO -265497954 2695753100
RENTOKIL INITIAL RTO LN -265497954 2695753100
RENTOKIL INITIAL RTO EU -265497954 2695753100
RENTOKIL INITIAL RTO TQ -265497954 2695753100
RENTOKIL INITIAL RTOGBP EO -265497954 2695753100
RENTOKIL INITIAL RTOPEN EU -265497954 2695753100
RENTOKIL INITIAL RTO PO -265497954 2695753100
RENTOKIL INITIAL RTO1 GK -265497954 2695753100
RENTOKIL INITIAL RTO NQ -265497954 2695753100
RENTOKIL INITIAL RTOPEN EO -265497954 2695753100
RENTOKIL INITIAL RTO GR -265497954 2695753100
RENTOKIL INITIAL RTO PZ -265497954 2695753100
RENTOKIL INITIAL RTO VX -265497954 2695753100
RENTOKIL INITIAL RTOUSD EU -265497954 2695753100
RENTOKIL INITIAL RTO1 EO -265497954 2695753100
RENTOKIL INITIAL RTO EO -265497954 2695753100
RENTOKIL INITIAL RTOG IX -265497954 2695753100
RENTOKIL INITIAL RTOKF US -265497954 2695753100
RENTOKIL INITIAL RTOEUR EU -265497954 2695753100
RENTOKIL-SP ADR RTOKY US -265497954 2695753100
RENTOKIL-SP ADR AP76 LI -265497954 2695753100
REXAM BEVERAGE C 1120903Z LN -15123027.48 118921563.6
ROAD MGMT CONS 1239Z LN -24813.99918 315561166
ROSEMONT HOLDING 4391905Z LN -34807182.85 158222622.5
ROSYTH ROYAL DOC 2184524Z LN -38831265.46 176808921.7
ROYAL BANK LEASI 2177244Z LN -96708288.01 12689075410
ROYAL MAIL HOLDI 3900202Z LN -4979588987 9290852179
SAFFRON HOUSING 4448377Z LN -3777866.1 124457507.9
SCOTTISH MEDIA SSMR LN -44693985.16 126240905.5
SCOTTISH MEDIA SSM LN -44693985.16 126240905.5
SCOTTISH MEDIA 1442Q GR -44693985.16 126240905.5
SCOTTISH TELEV SCTVF US -44693985.16 126240905.5
SCOTTISHPOWER EN 2211292Z LN -85593217.38 2705930566
SCOTTS CO UK LTD 1154459Z LN -42301127.16 119882290.9
SETON HEALTHCARE 2290Z LN -10585183.94 156822902.8
SEVERN VALE HOUS 4287717Z LN -43910018.24 115584900.8
SFI GROUP PLC SUF LN -108067115.8 177647536.1
SFI GROUP PLC SUYFF US -108067115.8 177647536.1
SHEFFIELD UNITED 1275418Z LN -17712590.52 101590746.2
SIMON CARVES LTD 1209367Z LN -309426997.2 105356699.7
SKANDIA LIFE BUS 1451642Z LN -16563612.78 132120692.5
SLP ENGINEERING 1855186Z LN -32035150.2 111509874.7
SMG PLC SMG LN -44693985.16 126240905.5
SMG PLC SMG PO -44693985.16 126240905.5
SMG PLC-FUL PAID SMGF LN -44693985.16 126240905.5
SMG PLC-NIL PAID SMGN LN -44693985.16 126240905.5
SMITHS NEWS PLC NWS6 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS S1 -82175781.01 424997909.9
SMITHS NEWS PLC NWS2GBP EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS9 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS PO -82175781.01 424997909.9
SMITHS NEWS PLC NWS2 TQ -82175781.01 424997909.9
SMITHS NEWS PLC NWS PZ -82175781.01 424997909.9
SMITHS NEWS PLC NWS10 EO -82175781.01 424997909.9
SMITHS NEWS PLC SMWPF US -82175781.01 424997909.9
SMITHS NEWS PLC NWS IX -82175781.01 424997909.9
SMITHS NEWS PLC NWS11 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS12 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS2 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS2EUR EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS LN -82175781.01 424997909.9
SMITHS NEWS PLC NWS2EUR EU -82175781.01 424997909.9
SMITHS NEWS PLC NWS8 EO -82175781.01 424997909.9
SMITHS NEWS PLC SMWPY US -82175781.01 424997909.9
SMITHS NEWS PLC NWS1 BQ -82175781.01 424997909.9
SMITHS NEWS PLC NWS1GBP EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS7 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS1 EU -82175781.01 424997909.9
SMITHS NEWS PLC NWS1 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS5 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS4 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS13 EO -82175781.01 424997909.9
SMITHS NEWS PLC NWS VX -82175781.01 424997909.9
SONY COMPUTER EN 3893902Z LN -533552800 1312733888
SONY UNITED KING 1591658Z LN -1219147829 2550391748
SOUTH STAFFORDSH 4049781Z LN -12127094.81 148602864.7
SOUTHERN CROSS SCHEEUR EO -456945463.9 226544692
SOUTHERN CROSS SCHE EO -456945463.9 226544692
SOUTHERN CROSS SCHEUSD EU -456945463.9 226544692
SOUTHERN CROSS SCHE8 EO -456945463.9 226544692
SOUTHERN CROSS SCHE EU -456945463.9 226544692
SOUTHERN CROSS SCHE NQ -456945463.9 226544692
SOUTHERN CROSS SCHE PZ -456945463.9 226544692
SOUTHERN CROSS SOCHF US -456945463.9 226544692
SOUTHERN CROSS SCHE QM -456945463.9 226544692
SOUTHERN CROSS SCHE2 EO -456945463.9 226544692
SOUTHERN CROSS SCH3 EO -456945463.9 226544692
SOUTHERN CROSS SCHE7 EO -456945463.9 226544692
SOUTHERN CROSS SCHE VX -456945463.9 226544692
SOUTHERN CROSS SCH4 EO -456945463.9 226544692
SOUTHERN CROSS SCHE TQ -456945463.9 226544692
SOUTHERN CROSS SCHE3 EO -456945463.9 226544692
SOUTHERN CROSS SCHE S1 -456945463.9 226544692
SOUTHERN CROSS SCHE LN -456945463.9 226544692
SOUTHERN CROSS SCHE NR -456945463.9 226544692
SOUTHERN CROSS SCHE5 EO -456945463.9 226544692
SOUTHERN CROSS SCHE6 EO -456945463.9 226544692
SOUTHERN CROSS F2Z TH -456945463.9 226544692
SOUTHERN CROSS SCHE BQ -456945463.9 226544692
SOUTHERN CROSS SCHE4 EO -456945463.9 226544692
SOUTHERN CROSS SCHEEUR EU -456945463.9 226544692
SOUTHERN CROSS SCHE EB -456945463.9 226544692
SOUTHERN CROSS SCH5 EO -456945463.9 226544692
SOUTHERN CROSS F2Z GR -456945463.9 226544692
SOUTHERN CROSS SCHE PO -456945463.9 226544692
SOUTHERN CROSS SCHE IX -456945463.9 226544692
SOUTHERN CROSS SCHEUSD EO -456945463.9 226544692
SOUTHERN CROSS SCHEGBP EO -456945463.9 226544692
SOUTHERN ELECTRI 2635379Z LN -102487682 1339407981
SPEAR GROUP HOLD 4470999Z LN -91133585.59 140447896.6
SPEEDY SUPPORT S 1601730Z LN -34304692.53 146096457.3
SQUARE ENIX LTD 1826770Z LN -223995033.8 278955082.2
SR TECHNICS UK L 2900250Z LN -143296142.1 116171355.3
STAGECOACH GROUP SGC1PEN EU -93023113.56 2711144845
STAGECOACH GROUP SGC IX -93023113.56 2711144845
STAGECOACH GROUP SAGKF US -93023113.56 2711144845
STAGECOACH GROUP SGC1USD EU -93023113.56 2711144845
STAGECOACH GROUP SGCG PZ -93023113.56 2711144845
STAGECOACH GROUP SGC1EUR EO -93023113.56 2711144845
STAGECOACH GROUP SGC1EUR EU -93023113.56 2711144845
STAGECOACH GROUP SGC2 VX -93023113.56 2711144845
STAGECOACH GROUP SGC1USD EO -93023113.56 2711144845
STAGECOACH GROUP SGC1AUD EU -93023113.56 2711144845
STAGECOACH GROUP SGC S1 -93023113.56 2711144845
STAGECOACH GROUP SGC1 EB -93023113.56 2711144845
STAGECOACH GROUP SGC1AUD EO -93023113.56 2711144845
STAGECOACH GROUP SGC1 TQ -93023113.56 2711144845
STAGECOACH GROUP SGC1GBP EO -93023113.56 2711144845
STAGECOACH GROUP SGC1 EU -93023113.56 2711144845
STAGECOACH GROUP SGC PO -93023113.56 2711144845
STAGECOACH GROUP SGC1 QM -93023113.56 2711144845
STAGECOACH GROUP SGC LN -93023113.56 2711144845
STAGECOACH GROUP SGC1 NQ -93023113.56 2711144845
STAGECOACH GROUP SGC1 NR -93023113.56 2711144845
STAGECOACH GROUP SGC1 BQ -93023113.56 2711144845
STAGECOACH GROUP SHP GR -93023113.56 2711144845
STAGECOACH GROUP SGC1PEN EO -93023113.56 2711144845
STAGECOACH GROUP SHP4 GR -93023113.56 2711144845
STAGECOACH GROUP SHP5 GR -93023113.56 2711144845
STAGECOACH GROUP SGC1 EO -93023113.56 2711144845
STAGECOACH GROUP SHP4 GK -93023113.56 2711144845
STAGECOACH GRP-B SGCB LN -93023113.56 2711144845
STAGECOACH-NEW SGCN LN -93023113.56 2711144845
STAGECOA-SPN ADR SAGKY US -93023113.56 2711144845
STJAMES'S PLACE 4451825Z LN -40027613.56 444219054.8
STV GROUP PLC SMG VX -44693985.16 126240905.5
STV GROUP PLC STVG EO -44693985.16 126240905.5
STV GROUP PLC STVGEUR EU -44693985.16 126240905.5
STV GROUP PLC STVG VX -44693985.16 126240905.5
STV GROUP PLC STVGGBP EO -44693985.16 126240905.5
STV GROUP PLC STVG S1 -44693985.16 126240905.5
STV GROUP PLC SMGPF US -44693985.16 126240905.5
STV GROUP PLC STVGEUR EO -44693985.16 126240905.5
STV GROUP PLC STVG EU -44693985.16 126240905.5
STV GROUP PLC STVG LN -44693985.16 126240905.5
STV GROUP PLC SMG PZ -44693985.16 126240905.5
STV GROUP PLC SMG IX -44693985.16 126240905.5
SUN CHEMICAL LTD 2569274Z LN -21504458.55 276424178.5
SUNDERLAND ASSOC 1274418Z LN -30559441.44 144949782.5
SUNSAIL LTD 1092666Z LN -37047891.81 193976501.7
SUNSEEKER INTERN 820741Z LN -7756394.619 227371284.6
SWIFT TECHNICAL 4287133Z LN -34723772.77 138665319.9
TATA CMMNCTNS UK 2534722Z LN -43763935.47 114567535.7
TDL INFOMEDIA 3362Z LN -25723860.05 136762955.6
TELEWEST COM-ADR TWSTY US -3702234581 7581020925
TELEWEST COM-ADR TWSTD US -3702234581 7581020925
TELEWEST COM-ADR 940767Q GR -3702234581 7581020925
TELEWEST COM-ADR TWT$ LN -3702234581 7581020925
TELEWEST COMM TWSTF US -3702234581 7581020925
TELEWEST COMM 715382Q LN -3702234581 7581020925
TELEWEST COMM 604296Q GR -3702234581 7581020925
TELEWEST COMM TWT VX -3702234581 7581020925
TELEWEST COMMUNI 1646328Z LN -287113015.3 868389208
TELEWEST COMMUNI 1608194Z LN -113079709.6 9113744374
THALES CORPORATE 1083706Z LN -65658884.46 829798983.7
THALES RAIL SIGN 2812334Z LN -29298137.36 106623580
THALES TELECOMMU 1163839Z LN -5826263.267 245379695.8
THORN EMI PLC THNE FP -2265916257 2950021937
THORN EMI-ADR THN$ LN -2265916257 2950021937
THORN EMI-ADR TORNY US -2265916257 2950021937
THORN EMI-CDR THN NA -2265916257 2950021937
THORN EMI-REGD 1772Q GR -2265916257 2950021937
TIMES NEWSPAPERS 2343939Z LN -719564696.3 649314828.6
TOPPS TILES PLC TPT8 EO -36503224.29 140534295.2
TOPPS TILES PLC TPTJY US -36503224.29 140534295.2
TOPPS TILES PLC TPT EU -36503224.29 140534295.2
TOPPS TILES PLC TPT BQ -36503224.29 140534295.2
TOPPS TILES PLC TPT10 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT2 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT1 EO -36503224.29 140534295.2
TOPPS TILES PLC TPTEUR EU -36503224.29 140534295.2
TOPPS TILES PLC TPTGBP EO -36503224.29 140534295.2
TOPPS TILES PLC TPT PO -36503224.29 140534295.2
TOPPS TILES PLC TPT VX -36503224.29 140534295.2
TOPPS TILES PLC TPT7 EO -36503224.29 140534295.2
TOPPS TILES PLC TPTEUR EO -36503224.29 140534295.2
TOPPS TILES PLC TPT5 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT3 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT IX -36503224.29 140534295.2
TOPPS TILES PLC TPT EO -36503224.29 140534295.2
TOPPS TILES PLC TPT6 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT LN -36503224.29 140534295.2
TOPPS TILES PLC TPT PZ -36503224.29 140534295.2
TOPPS TILES PLC TPT9 EO -36503224.29 140534295.2
TOPPS TILES PLC TPT S1 -36503224.29 140534295.2
TOPPS TILES PLC TPT TQ -36503224.29 140534295.2
TOPPS TILES PLC TPT4 EO -36503224.29 140534295.2
TOPPS TILES PLC TPTJF US -36503224.29 140534295.2
TOPPS TILES-NEW TPTN LN -36503224.29 140534295.2
TOTAL UK LTD 3897130Z LN -61225906.13 2907445594
TRAVELEX HOLDING 2917958Z LN -1345481723 2560468919
TRAVELODGE LTD 3471462Z LN -515411329.9 1254613472
TRINITY MIRROR P 1511258Z LN -138612680.8 1045091625
TUBE LINES FINAN 1241207Z LN -2914999.962 2408518672
TUI UK LTD 1653824Z LN -913811298.8 5088088830
TYCO HEALTHCARE 1066794Z LN -13601743.4 333686519
UNILEVER UK CENT 1273034Z LN -1509554086 6927634057
UNIQ PREPARED FO 1077122Z LN -96788934.94 206496365.3
UNITED BISCUITS 3193858Z LN -273729428.4 3257147468
UNIVERSAL LEASIN 2581586Z LN -28690420.23 155128729.2
UNIVERSAL PICTUR 1083202Z LN -42445816.82 120867289.2
UTC GROUP UGR LN -11904428.42 203548565
VINK HOLDINGS LT 4380233Z LN -13477348.26 132005020.2
VIRGIN HOTELS GR 4288389Z LN -30191249.31 109995632.6
VIRGIN MOB-ASSD VMOC LN -392165409.3 166070003.7
VIRGIN MOB-ASSD VMOA LN -392165409.3 166070003.7
VIRGIN MOBILE VMOB LN -392165409.3 166070003.7
VIRGIN MOBILE VGMHF US -392165409.3 166070003.7
VIRGIN MOBILE VMOB PO -392165409.3 166070003.7
VIRGIN MOBILE VMOB VX -392165409.3 166070003.7
VIRGIN MOBILE UEM GR -392165409.3 166070003.7
VIRGIN WINGS LTD 4500155Z LN -410616776.7 5155268566
VOLUTION GROUP L 4453393Z LN -44375617.45 212542790.8
VOYAGE GROUP LTD 4168725Z LN -89543682.76 572205624
WARNER ESTATE WRL GR -80276070.4 344291592.8
WARNER ESTATE WNER PZ -80276070.4 344291592.8
WARNER ESTATE WNEHF US -80276070.4 344291592.8
WARNER ESTATE WNER VX -80276070.4 344291592.8
WARNER ESTATE WNER EO -80276070.4 344291592.8
WARNER ESTATE WNER LN -80276070.4 344291592.8
WARNER ESTATE WNERGBP EO -80276070.4 344291592.8
WARNER ESTATE WNER PO -80276070.4 344291592.8
WARNER ESTATE WNER IX -80276070.4 344291592.8
WARNER ESTATE WNER EU -80276070.4 344291592.8
WATSON & PHILIP WTSN LN -120493900 252232072.9
WEAVER VALE HOUS 3953220Z LN -60271595.72 104022836.2
WESCOT TOPCO LTD 4007020Z LN -28467510.91 115035189
WEST HAM UNITED 1275834Z LN -60233495.23 174701255.1
WHELCO HOLDINGS 2741744Z LN -1295249.714 100781831
WHITE HART LANE 2004631Z LN -2707112.668 144247464.4
WIGHTLINK LTD 1385642Z LN -15131435.92 231775265.6
WILLIAM HILL-W/I 605547Q US -59180694.37 1343662688
WILLIAM HILL-W/I 101001Q LN -59180694.37 1343662688
WINCANTON PL-ADR WNCNY US -429205125.4 907823159.4
WINCANTON PLC WIN1 S1 -429205125.4 907823159.4
WINCANTON PLC WIN IX -429205125.4 907823159.4
WINCANTON PLC WIN12 EO -429205125.4 907823159.4
WINCANTON PLC WIN LN -429205125.4 907823159.4
WINCANTON PLC WIN10 EO -429205125.4 907823159.4
WINCANTON PLC WIN1EUR EO -429205125.4 907823159.4
WINCANTON PLC WIN1 TQ -429205125.4 907823159.4
WINCANTON PLC WIN1EUR EU -429205125.4 907823159.4
WINCANTON PLC WIN1 EU -429205125.4 907823159.4
WINCANTON PLC WIN1 EO -429205125.4 907823159.4
WINCANTON PLC WIN1USD EU -429205125.4 907823159.4
WINCANTON PLC WIN PO -429205125.4 907823159.4
WINCANTON PLC WIN9 EO -429205125.4 907823159.4
WINCANTON PLC WIN6 EO -429205125.4 907823159.4
WINCANTON PLC WIN13 EO -429205125.4 907823159.4
WINCANTON PLC WIN1GBP EO -429205125.4 907823159.4
WINCANTON PLC WIN1 QM -429205125.4 907823159.4
WINCANTON PLC WIN4 EO -429205125.4 907823159.4
WINCANTON PLC WIN5 EO -429205125.4 907823159.4
WINCANTON PLC WIN11 EO -429205125.4 907823159.4
WINCANTON PLC WIN7 EO -429205125.4 907823159.4
WINCANTON PLC WNCNF US -429205125.4 907823159.4
WINCANTON PLC WIN1 BQ -429205125.4 907823159.4
WINCANTON PLC WIN1 EB -429205125.4 907823159.4
WINCANTON PLC WIN VX -429205125.4 907823159.4
WINCANTON PLC WIN1 NQ -429205125.4 907823159.4
WINCANTON PLC WIN PZ -429205125.4 907823159.4
WINCANTON PLC WIN1USD EO -429205125.4 907823159.4
WINCANTON PLC WIN8 EO -429205125.4 907823159.4
WINDSOR TELEVISI 1475394Z LN -249144874.4 319668047.9
WINTERTHUR FINAN 1353474Z LN -5097471.01 146472274
XCHANGING UK LTD 1814130Z LN -33399235.51 334395990.3
XSTRATA SERVICES 1975918Z LN -96321998.22 192299104.1
YANG MING UK LTD 1756777Z LN -38774828.18 293310550.5
YARLINGTON HOUSI 4435313Z LN -18443811.91 276648958.8
YOUNG'S BLUECRES 1841386Z LN -45872663.66 308087238.8
ZURICH EMPLOYMEN 1292298Z LN -122911831.6 159138559.6
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets. At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets. A company may establish reserves on its balance sheet for
liabilities that may never materialize. The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.
Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/booksto order any title today.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Ivy B. Magdadaro, and Peter A. Chapman, Editors.
Copyright 2014. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail. Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each. For subscription information,
contact Peter Chapman at 215-945-7000 or Nina Novak at
202-241-8200.
* * * End of Transmission * * *