Send us Feedback

Citigroup (C)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

C » Topics » Cash Flows and Retained Interests-Citi Holdings

This excerpt taken from the C 10-Q filed Nov 6, 2009.

Cash Flows and Retained Interests—Citi Holdings

        The following tables summarize selected cash flow information related to CDO and CLO securitizations for the three and nine months ended September 30, 2009:

 
   Three months ended
September 30, 2009 		 
In billions of dollars   CDOs   CLOs  

Cash flows received on retained interests

     —     —  
           

 

 
   Nine months ended
September 30, 2009 		 
In billions of dollars   CDOs   CLOs  

Cash flows received on retained interests

     —     —  
           

        The key assumptions, used for the securitization of CDOs and CLOs during the three months ended September 30, 2009, in measuring the fair value of retained interests at the date of sale or securitization, are as follows:

 
   CDOs   CLOs

Discount rate

   36.4% to 39.7%   5.7% to 6.3%

        The effect of two negative changes in discount rates used to determine the fair value of retained interests is disclosed below.

In millions of dollars   CDOs   CLOs  

Carrying value of retained interests

  $ 251   $ 709  

Discount rates

              
 

Adverse change of 10%

   $ (24 ) $ (11 )
 

Adverse change of 20%

     (47 )   (23 )
           
This excerpt taken from the C 10-Q filed Aug 7, 2009.

Cash Flows and Retained Interests—Citi Holdings

        The following tables summarize selected cash flow information related to CDO and CLO securitizations for the three and six months ended June 30, 2009:

 
   Three months ended
June 30, 2009 		 
In billions of dollars   CDOs   CLOs  
Cash flows received on retained interests     —     —  
           

 

 
   Six months ended
June 30, 2009 		 
In billions of dollars   CDOs   CLOs  
Cash flows received on retained interests     —     —  
           

        The key assumptions, used for the securitization of CDOs and CLOs during the three months ended June 30, 2009, in measuring the fair value of retained interests at the date of sale or securitization, are as follows:

 
   CDOs   CLOs
Discount rate   36.4% to 39.7%   4.3% to 4.8%
         

        The effect of two negative changes in discount rates used to determine the fair value of retained interests is disclosed below.

In millions of dollars   CDOs   CLOs  
Carrying value of retained interests   $ 273   $ 702  
Discount rates              
  Adverse change of 10%   $ (26 ) $ (11 )
  Adverse change of 20%     (49 )   (23 )
           

EXCERPTS ON THIS PAGE:

10-Q
Nov 6, 2009
10-Q
Aug 7, 2009

RELATED TOPICS for C:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki