FACTBOX: AIG discloses counterparties on CDS transactions
NEW YORK (Reuters) - American International Group disclosed on Sunday that U.S. and European banks have been among the biggest beneficiaries of the up to $180 billion U.S. taxpayer bailout of the insurer.
The following lists the collateral postings for counterparties who bought credit default swaps from AIG Financial Products between September 16, 2008 -- the date of the initial government rescue -- and December 31, 2008:
Counterparty Amount Posted ($ BILLION)
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Societe Generale $4.1
Deutsche Bank 2.6
Goldman Sachs Group 2.5
Merrill Lynch & Co Inc 1.8
Calyon 1.1
Barclays PLC 0.9
UBS AG 0.8
DZ Bank 0.7
Wachovia Bank 0.7
Rabobank 0.5
KFW 0.5
JPMorgan Chase 0.4
Banco Santander SA 0.3
Danske Bank 0.2
Reconstruction Finance Corp 0.2
HSBC Holdings PLC 0.2
Morgan Stanley 0.2
Bank of America Corp 0.2
Bank of Montreal 0.2
Royal Bank of Scotland 0.2
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Top 20 CDS Total $18.3
Other 4.1
Total Collateral Postings $22.4
Source: AIG
(Compiled by Emily Chasan)
