NBG » Topics » NOTE 7: SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL

This excerpt taken from the NBG 20-F filed Jul 15, 2009.

NOTE 7:    SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL

        The Group enters into purchases of securities under agreements to resell substantially identical securities. These agreements are classified as lending arrangements. Agreements with third parties specify the Group's rights to request collateral, based on its monitoring of the fair value of the underlying securities on a daily basis. Securities accepted as collateral may be sold or re-pledged. As at December 31, 2007 and 2008, the Group has not sold or re-pledged any collateral.

This excerpt taken from the NBG 20-F filed May 27, 2008.

NOTE 7:    SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL

        The Group enters into purchases of securities under agreements to resell substantially identical securities. These agreements are classified as lending arrangements. Agreements with third parties specify the Group's rights to request collateral, based on its monitoring of the fair value of the underlying securities on a daily basis. Securities accepted as collateral may be sold or repledged. As at December 31, 2006 and 2007, the Group has not sold or repledged any collateral.

EXCERPTS ON THIS PAGE:

20-F
Jul 15, 2009
20-F
May 27, 2008
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