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This excerpt taken from the C 10-Q filed Aug 3, 2007. OFF-BALANCE SHEET ARRANGEMENTS Overview Citigroup and its subsidiaries are involved with several types of off-balance sheet arrangements, including special purpose entities (SPEs), lines and letters of credit, and loan commitments. The securitization process enhances the liquidity of the financial markets, may spread credit risk among several market participants, and makes new funds available to extend credit to consumers and commercial entities. |
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