/raid1/www/Hosts/bankrupt/TCREUR_Public/110614.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 14, 2011, Vol. 12, No. 116
Headlines
C Z E C H R E P U B L I C
ECM REAL ESTATE: Ceska Sporitelna Heads Creditor Committee
G E R M A N Y
BRENNTAG AG: S&P Raises CCR From 'BB+' on Improved Performance
KABEL DEUTSCHLAND: Moody's Assigns (P)Ba2 Rating to Notes Due 2018
QIMONDA AG: Court Okays Committee's US$11.7-Mil. Deal with G2
QIMONDA AG: Court Okays Deal Allowing Google's US$1.1MM Claim
I C E L A N D
LANDSBANKI ISLANDS: Iceland Foods' Founder Eyes Offer
I R E L A N D
ALLIED IRISH: Updates on Effectiveness of SLO by High Court
EPIC PLC: S&P Downgrades Rating on Class F Notes to 'B'
ETIC SOLUTIONS: High Court Appoints Provisional Liquidator
O'KEEFES OF KILKENNY: High Court Extends Examinership Period
P. ELLIOT: N. Ireland Unit Placed in Court-Ordered Liquidation
* IRELAND: Nearly Half of Companies Struggling for Survival
I T A L Y
SESTANTE FINANCE: S&P Lowers Rating on Class C2 Notes to 'B'
L U X E M B O U R G
BOZEL SA: Unit Files Schedules of Assets and Liabilities
BOZEL SA: Seeks Court OK to Expand Scope of BDO's Retention
N E T H E R L A N D S
BRUCKNER CDO: S&P Cuts Ratings on Class D Notes to 'CCC+'
DUTCH MBS: Moody's Assigns 'Ba1' Rating to Junior Class E Notes
CITY MALL: Liquidators Make Final Sale Attempt
R U S S I A
WIMM-BILL-DANN: Moody's Withdraws 'Ba3' Corporate Family Rating
S L O V E N I A
MERFIN: Ljubljana Court Begins Receivership for Merfin
S W E D E N
STENA AB: S&P Affirms Corp. Credit Rating at 'BB+'; Outlook Neg.
U N I T E D K I N G D O M
DIXONS RETAIL: Moody's Downgrades Ratings to 'B1'; Outlook Stable
EXOVA GROUP: S&P Affirms Long-term CCR at 'B'; Outlook Negative
FUTURE POST: Placed Into Insolvent Liquidation
HALDANES: Jobs at Wigton Supermarket in Limbo
NORTH WEST NATIONAL: Obtained CVA Approval, To Pay Debts in 5 Yrs.
OTIUM VENTURES: Shares Suspended Despite GBP1MM Profit for 2010
PROVIDENT INSURANCE: S&P Ups Counterparty Credit Rating From 'BB+'
SOPHOS LTD: S&P Rates Proposed Secured Facilities 'B+'
SOUTHERN CROSS: Expects to Retain Control of Most Homes
SOUTHERN CROSS: Seeks to Put Off Critical Test of Finances
STEELTECH LTD: Owner Puts 28-Year Old Steel Firm in Liquidation
STYLE RETAIL: Goes Into Administration, Places 1,000 Jobs at Risk
TALENTNATION PLC: Placed in Provisional Liquidation
THE BOTTOM LINE: Mainline Acquires Firm Out of Administration
VISIT LONDON: Creditors Could Fund GBP7 Million Pension Deficit
X X X X X X X X
* Large Companies with Insolvent Balance Sheets
*********
===========================
C Z E C H R E P U B L I C
===========================
ECM REAL ESTATE: Ceska Sporitelna Heads Creditor Committee
----------------------------------------------------------
CTK, citing the insolvency register, reports that creditors
present at the first meeting of the preliminary creditor committee
of ECM Real Estate Investments AG have agreed that the committee
will be headed by Czech bank Ceska sporitelna.
Apart from Ceska sporitelna, the meeting of the preliminary
creditor committee was attended by the bank Volksbank CZ, company
Glancus Investments from the PPF group, and company Astin Capital
Management, which represents part of holders of ECM bonds, CTK
relates.
ECM was declared insolvent in May. The insolvency administrator
is Ivo Hala, CTK discloses.
According to CTK, ECM turned to creditors with a request to
approve the sale of its project ECM Mall in China and the sale of
projects City Deco and City Element in Prague-Pankrac.
The committee did not issue a stance on the sales due to lack of
certain information, CTK states.
The committee asked Ceska sporitelna as the chairman of the
committee to prepare a draft letter which would remind ECM's
management that it can handle the company's assets only in a
limited way while in insolvency proceedings, CTK notes.
At the meeting, creditors decided that company REA International
will become the expert adviser to the committee and law office BBH
will be the legal adviser, CTK says.
Insolvency proceedings against ECM were initiated in April by the
Ceska sporitelna bank, which has claims on the developer worth
around CZK194 million. The proceedings were then joined by
Volksbank CZ and Glancus Investments, among other companies.
ECM has long-term liabilities exceeding EUR165.9 million (CZK4
billion), most of the debt being liabilities from issued bonds,
CTK discloses. ECM, CTK says, wants to resolve its indebtedness
through reorganization. Ceska sporitelna and Volksbank CZ
proposed a reorganization of the developer, while Glancus
Investments proposed bankruptcy, CTK notes.
The review of registered claims on ECM will take place on July 20,
CTK states. The first meeting of creditors will be held on the
same day after the review, CTK discloses. The insolvency
administrator should submit the list of the registered claims to a
court by July 5.
ECM Real Estate Investments AG is known mainly as the builder of
high-rise buildings in Prague's Pankrac district.
=============
G E R M A N Y
=============
BRENNTAG AG: S&P Raises CCR From 'BB+' on Improved Performance
--------------------------------------------------------------
Standard and Poor's Rating Services raised its long-term corporate
credit rating on Germany-based chemical distributor Brenntag AG to
'BBB-' from 'BB+'. The outlook is stable.
"At the same time, we affirmed the 'BBB-' senior secured debt
rating and raised the debt rating on Brenntag's second-lien notes
to 'BB+' from 'BB-'," S&P stated.
"The rating actions reflect our view that Brenntag's credit
profile has improved since the IPO in 2010 and that the company
will continue to generate strong operating cash flows in 2011-
2013, supported by a favorable operating environment. In our
credit scenario, Brenntag will maintain a ratio of adjusted funds
from operations (FFO) to debt of 25% or higher and fully
adjusted debt to EBITDA of less than 2.75x until 2013," S&P noted.
"Following discussions with management, we believe the company
will maintain intermediate debt to EBITDA policies in the 2x-3x
range. In this respect, we also view the further reduction of
Brachem Acquisition S.C.A.'s shareholding in Brenntag to 36% as
positive," S&P noted.
"For 2011, we anticipate that Brenntag's unadjusted FFO will
increase to almost EUR400 million from EUR267 million in 2010,
owing to our expectation of strong results, the full contribution
of last year's acquisitions, and significantly reduced financing
costs compared with previous years," according to S&P.
The ratings also factor in strong annual discretionary cash flow
(DCF) of EUR150 million-EUR200 million over the next few years,
assuming modest organic capital spending of about EUR85 million
and a 30%-45% dividend pay-out rate. "We expect that, as in the
past, the company will apply DCF to finance bolt-on acquisitions,
which have gradually increased its geographic presence and added
economies of scale. On this basis, we also expect the company's
future debt to remain largely unchanged. Adjusted debt amounted to
EUR1.78 billion at year-end 2010," S&P said.
"Brenntag's business risk profile is 'satisfactory', in our view,
thanks to strong client and product diversity, leading market
positions, and the resilient profitability of the company's
chemical distribution activities," S&P related.
"Overall, we expect the company's 2011 unadjusted EBITDA to rise
to EUR620 million-EUR650 million, implying FFO of about EUR400
million; for our analysis of the credit profile, we have assumed
only a modest increase in FFO over 2012-2013. Partly in view of
the group's variable cost base, we expect Brenntag's operating
performance to remain very resilient to market fluctuations, as it
did during the 2009 economic downturn, and expect only limited
volatility in EBITDA," S&P continued.
S&P noted, "Weaknesses include, in our opinion, the cyclicality of
chemical demand as well as volatile raw material price movements,
although the company has an established record of passing these on
to customers on a timely basis, helped by its strong market
position and its small and very diverse client base. In addition,
we view the group's limited presence in the expanding Asian market
and its fairly acquisitive stance as weaknesses, even though
acquisitions generally involve only small purchases."
"The outlook is stable because we believe that Brenntag will
continue to generate healthy free operating cash flows and
maintain an average ratio of FFO to net debt of 25% or higher. In
addition, we expect the group's EBITDA margin to remain resilient
and continually exceed 7%," S&P added.
KABEL DEUTSCHLAND: Moody's Assigns (P)Ba2 Rating to Notes Due 2018
------------------------------------------------------------------
Moody's Investors Service has assigned a (P)Ba2 rating to the
EUR300 million senior secured notes due 2018 to be issued by Kabel
Deutschland Vertrieb und Service GmbH & Co., an operating
subsidiary of Kabel Deutschland GmbH. Moody's has also assigned
Ba2 Corporate Family and Probability of Default ratings to Kabel
Deutschland Holding AG and has concurrently withdrawn the Ba2 CFR
and PDR from KDG. The outlook for all ratings is stable.
Proceeds from the proposed notes, together with EUR500 million of
(unrated) senior secured bank debt, will be used to: (i) redeem in
full the outstanding EUR515 million PIK loans (pro-forma as of 7
April 2011) at KDH; and (ii) reduce draw-downs under KDH's
existing revolving credit facility and other existing loan
maturities. The re-financing of the PIK loan will enable KDH to
begin dividend payments in line with its stated intention from
FY2011-12 onwards and will lead to reduced interest expense as
well as an extension of KDH's debt maturity profile. In this
regard, Moody's also notes that KDH has announced the extension of
the maturity of EUR100 million of its revolving credit facility to
June 2015 from March 2012.
Ratings Rationale
The (P)Ba2 rating on the notes is at par with KDH's CFR
reflecting: (i) the notes' senior secured position within KDH's
capital structure; and (ii) the fact that the notes will benefit
from the same security and guarantee package as the existing
senior credit facilities at KDVS.
KDH amended its senior credit facilities in advance of the
refinancing, providing the company with the headroom to
accommodate the new notes issuance at KDVS. Under the bank
agreement, KDH's 'Senior Net Debt to EBITDA' covenant has been
temporarily increased from 3.5x to 4.25x as of 30 June 2011,
stepping back down to the original level of 3.5x by 31 December
2012. Moody's notes that the ring-fencing mechanisms protecting
the notes holders and existing lenders continue to apply to KDG
following the refinancing of the PIK debt at KDH. The senior
secured notes have a debt incurrence covenant of 4.5x
'Consolidated Leverage Ratio' at the KDG level.
Moody's has re-assigned the CFR and PDR to KDH from KDG as going
forward, the entity continuing reporting audited financial
statements will be KDH, and KDG will cease to report audited
financial statements. The agency notes that KDH will undertake a
reorganization whereby KDVS, Kabel Deutschland Breitband Services
GmbH ("KDBS") and six other non-operative entities will merge into
KDG retroactively as of April 1, 2011. The mergers are expected to
be completed at the end of July / early August 2011 and are
subject to the approval of KDH AG's supervisory board and
repayment of the PIK Loan. After the merger, KDVS, KDBS and the
other six non-operative entities would cease to exist and KDG
would become the successor issuer under the notes.
KDH has maintained strong operating momentum in FY 2010/11,
reporting growth in revenues and adjusted EBITDA of 6.5% and 10.6%
respectively. Going forward, Moody's expects KDH to remain on a
positive growth trend supported by: (i) the good growth potential
for its internet and phone services; (ii) investment in the
network which should result in improved service reach and
capabilities as well as (iii) the company's strong operating
leverage. As of 31 March 2011, KDH reported 3.8x net debt to
EBITDA and the group is targeting to de-lever to below 3.5x by the
end of FY 2011-12, based on an EBITDA guidance of EUR790.0 to
EUR800.0 million.
With the re-financing of the PIK and the expectation of further
de-leveraging going forward, Moody's notes that KDH has indicated
that it will be able to put forward a dividend proposal for the
fiscal year ending on March 31, 2012 of at least EUR1.50 per share
at its shareholder meeting in 2012 to be paid in Q4 of FY2011-
2012.
Upward pressure could be exerted on KDH's ratings as a result of:
(i) continued strong operating momentum; (ii) maintenance of
adjusted gross debt to EBITDA (as defined by Moody's) visibly
below 4.0x at the level of KDH on a sustained basis; and (iii)
continued solid free cash flow generation (as defined by Moody's -
-- post capex and dividends).
Conversely, the ratings could come under downward pressure if the
company were to: (i) significantly under-perform against its
publicly stated guidance regarding EBITDA while registering a
substantial increase in capex; and/or (ii) experience an increase
in leverage towards 5.0x gross debt to EBITDA (as defined by
Moody's) on a sustained basis. This could be due to material debt-
financed acquisitions.
The principal methodologies used in rating Kabel Deutschland
Holding A.G. were Global Cable Television Industry Rating
Methodology, published July 2009, and Probability of Default
Ratings and Loss Given Default Assessments, published June 2009.
Moody's Investors Service has withdrawn KDG's credit rating for
its own business reasons.
KDH is the largest Level 3 cable TV operator in Germany. The
consolidated company is the operating subsidiary of KDH AG. For FY
March 31, 2011, KDG reported revenues of EUR1.6 billion and
adjusted EBITDA (as calculated by KDG) of EUR729 million.
QIMONDA AG: Court Okays Committee's US$11.7-Mil. Deal with G2
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of the Chapter 11
cases of Qimonda Richmond, LLC, and its debtor affiliates sought
and obtained approval from the U.S. Bankruptcy Court for the
District of Delaware of a settlement agreement and release
judgment between Qimonda North America Corp. and G2 Technology,
Inc.
In May 2009, QNA instituted arbitration by filing its demand for
arbitration with the American Arbitration Association. In the
arbitration, QNA asserted a claim for breach of contract against
G2 in the amount of US$8,401,240, together with interest,
attorney's fees, and costs. An arbitration hearing was conducted
during February 2011 before M. Scott Donahey, the duly-appointed
arbitrator. The arbitrator issued and delivered a reasoned award
on April 15, 2011. In the Award, the Arbitrator directed G2 to
pay QNA the sum of US$8,401,240 plus simple annual interest at the
rate of 6.25% from November 1, 2008, until paid, plus attorneys'
fees and costs in the amount of US$2,564,166. The Arbitrator
denied all of G2's counterclaims.
On May 3, 2011, the Court entered a judgment on the Award
providing, among other things, that QNA will recover from G2 the
sum of US$12,271,626 with interest on the unpaid amount at the
annual rate of 6.25% as provided by the Award, commencing on
April 29, 2011. On May 4, 2011, the Court entered an order
confirming the Award.
According to Gregory M. Gordon, Esq., at Jones Day, in Dallas,
Texas, since the entry of the confirmation order, the parties have
engaged in discussions and have negotiated a complete resolution
of the issues relating to G2's satisfaction of the Award and
Judgment.
The settlement provides that G2 will pay the sum of US$11,750,000
to QNA. The Judgment is deemed to be fully satisfied and
discharged and G2, including its present or former parents,
subsidiaries, affiliates, agents, legal representatives, insurers,
employees, officers, directors and shareholders will be released
from any liability for the Judgment, the Court ruled.
About Qimonda AG
Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in
Richmond, Va.
Qimonda AG commenced insolvency proceedings in a local court in
Munich, Germany, on January 23, 2009. On June 15, 2009, QAG filed
a petition (Bankr. E.D. Va. Case No. 09-14766) for relief under
Chapter 15 of the U.S. Bankruptcy Code.
Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG. QNA is also the parent company of Qimonda
Richmond LLC. QNA and QR sought Chapter 11 protection (Bankr.
D. Del. Case No. 09-10589) on Feb. 20, 2009. Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Maris J. Finnegan, Esq.,
at Richards Layton & Finger PA, represent the Debtors.
Roberta A. DeAngelis, the United States Trustee for Region 3,
appointed seven creditors to serve on an official committee of
unsecured creditors. Jones Day and Ashby & Geddes represent the
Committee. In its bankruptcy petition, Qimonda Richmond, LLC,
estimated more than US$1 billion in assets and debts. The
information, the Debtors said, was based on Qimonda Richmond's
financial records which are maintained on a consolidated basis
with Qimonda North America Corp.
QIMONDA AG: Court Okays Deal Allowing Google's US$1.1MM Claim
-------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware approved the settlement between Qimonda
Richmond, LLC, and its debtor affiliates and Google, Inc.
The settlement provides that Google will be deemed to have an
allowed unsecured non-priority claim against QNA in an amount
equal to US$1,086,950 and an allowed administrative expense claim
against QNA pursuant to Section 503(b)(1) of the Bankruptcy Code
in an agreed amount equal to US$37,500.
Claim Nos. 690 and 1190 filed by Google are deemed to be expunged.
Effective immediately, Google's appeal will be deemed to be
dismissed with prejudice.
About Qimonda AG
Qimonda AG (NYSE: QI) -- http://www.qimonda.com/-- is a leading
global memory supplier with a diversified DRAM product portfolio.
The Company generated net sales of EUR1.79 billion in financial
year 2008 and had -- prior to its announcement of a repositioning
of its business -- approximately 12,200 employees worldwide, of
which 1,400 were in Munich, 3,200 in Dresden and 2,800 in
Richmond, Va.
Qimonda AG commenced insolvency proceedings in a local court in
Munich, Germany, on January 23, 2009. On June 15, 2009, QAG filed
a petition (Bankr. E.D. Va. Case No. 09-14766) for relief under
Chapter 15 of the U.S. Bankruptcy Code.
Qimonda North America Corp., an indirect and wholly owned
subsidiary of QAG, is the North American sales and marketing
subsidiary of QAG. QNA is also the parent company of Qimonda
Richmond LLC. QNA and QR sought Chapter 11 protection (Bankr.
D. Del. Case No. 09-10589) on Feb. 20, 2009. Mark D. Collins,
Esq., Michael J. Merchant, Esq., and Maris J. Finnegan, Esq.,
at Richards Layton & Finger PA, represent the Debtors.
Roberta A. DeAngelis, the United States Trustee for Region 3,
appointed seven creditors to serve on an official committee of
unsecured creditors. Jones Day and Ashby & Geddes represent the
Committee. In its bankruptcy petition, Qimonda Richmond, LLC,
estimated more than US$1 billion in assets and debts. The
information, the Debtors said, was based on Qimonda Richmond's
financial records which are maintained on a consolidated basis
with Qimonda North America Corp.
=============
I C E L A N D
=============
LANDSBANKI ISLANDS: Iceland Foods' Founder Eyes Offer
-----------------------------------------------------
Andrea Felsted at The Financial Times reports that Malcolm Walker,
the founder and chief executive of Iceland Foods, underlined his
intention to buy the frozen food specialist and said he had
secured bank financing for an offer.
The FT relates that Mr. Walker, who last year tabled a bid for the
shares he did not own in Iceland Foods, valuing the retailer at
GBP1 billion (US$1.6 billion), reiterated that he would be keen to
buy the business now that the Resolution Committee of Landsbanki
had put its majority stake up for sale.
"Of course the management are interested. We have pre-emption
rights. We can match anybody else's offer, and we want to buy the
business ourselves. That is common knowledge," the FT quotes Mr.
Walker, who, with management, owns 23% of the business, as saying.
However, the sale process for Landsbanki's 67% stake in Iceland
Foods had not yet begun, the FT notes.
The Resolution Committee appointed UBS and Bank of America Merrill
Lynch to sell the stake last month, the FT relates. It is looking
for a price tag of up to GBP2 billion, the FT notes.
About Landsbanki Islands
Landsbanki Islands hf, also commonly known as Landsbankinn in
Iceland, is an Icelandic bank. The bank offered online savings
accounts under the "Icesave" brand. On October 7, 2008, the
Icelandic Financial Supervisory Authority took control of
Landsbanki and two other major banks.
Landsbanki filed for Chapter 15 protection on Dec. 9, 2008 (Bankr.
S.D. N.Y. Case No.: 08-14921). Gary S. Lee, Esq., at Morrison &
Foerster LLP, represents the Debtor. When it filed for protection
from its creditors, it listed assets and debts of more than
US$1 billion each.
=============
I R E L A N D
=============
ALLIED IRISH: Updates on Effectiveness of SLO by High Court
-----------------------------------------------------------
Following the issue of a decision by the Irish High Court
regarding the effectiveness of the subordinated liabilities order
issued by the High Court on April 14, 2011, under the Credit
Institutions (Stabilization) Act 2010, the SLO is effective as of
April 22, 2011, to amend the terms of Allied Irish Banks, p.l.c.,
sixteen subordinated liabilities that are the subject of the
proposed debt buyback as follows:
1. The terms of the subordinated liabilities listed at 1 to 9
have been amended such that any interest that may fall due
on those liabilities will only be payable at the option of
AIB, in its sole discretion.
2. The terms of the subordinated liabilities listed at 1 to 9
have been further amended such that the maturity date of
each such liability has been extended to the relevant
interest payment date specified in the Order.
3. The terms of the subordinated liabilities listed at 12 to 15
have been amended such that any restriction on (i) payment
of any distribution or dividend on any other specified
junior or parity securities of AIB, or (ii) any repurchase
or redemption of such junior or parity securities, has been
removed.
4. The terms of the subordinated liabilities listed at 10, 11
and 16 have been amended such that (i) the requirement to
pay any arrears of interest on such liabilities upon the
payment of any dividends by AIB has been removed, and (ii)
the payment of any coupon on such liabilities following the
payment of a dividend by AIB is now entirely at the option
of AIB.
On this basis, AIB will not be paying the amount of interest in
relation to the EUR700,000,000 Callable Dated Subordinated Fixed
to Floating Rate Notes due July 2023 (ISIN: XS0368068937),
otherwise due on June 6, 2011.
The EUR368,253,000 12.5 per cent Subordinated Notes due 2019
(ISIN: XS0435957682) and the EUR868,518,000 12.5 per cent
Subordinated Notes due 2019 (ISIN: XS0435953186) have not yet been
amended pursuant to the SLO as a challenge in respect of these
notes is ongoing before the High Court.
The deadline to participate in the Offer is midnight, New York
time, on Monday, June 13, 2011, in respect of the subordinated
liabilities (other than in respect of the subordinated liabilities
listed at 1, 7 and 9, where the deadline to participate in the
Offer is 5:00 p.m. London time on Wednesday, July 20, 2011).
The 16 Subordinated Liabilities are:
(1) EUR419,070,000 10.75 per cent. Subordinated Notes due 2017;
(2) GBP1,096,645,000 11.50 per cent. Subordinated Notes due 2022;
(3) U.S.$177,096,000 10.75 per cent. Subordinated Notes due 2017;
(4) GBP700,000,000 Callable Dated Subordinated Fixed to Floating
Rate Notes due July 2023;
(5) EUR500,000,000 Callable Subordinated Step-Up Floating Rate
Notes due 2017;
(6) GBP500,000,000 Subordinated Callable Fixed/Floating Rate
Notes due 2025;
(7) EUR400,000,000 Subordinated Callable Step-Up Floating Rate
Notes due 2015;
(8) U.S.$400,000,000 Dated Callable Step-Up Subordinated Notes
due 2015;
(9) GBP350,000,000 Subordinated Callable Fixed/Floating Rate
Notes due 2030;
(10) EUR200,000,000 Perpetual Subordinated Callable Step-Up Notes
(11) GBP400,000,000 Perpetual Callable Step-Up Subordinated Notes;
(12) EUR500,000,000 7.50 per cent. Step-Up Callable Perpetual
Reserve Capital Instruments;
(13) EUR1,000,000,000 Fixed Rate/Floating Rate Guaranteed Non-
voting Non-cumulative;
(14) Perpetual Preferred Securities
EUR500,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting
Non-cumulative;
(15) Perpetual Preferred Securities
GBP350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting
Non-cumulative; and
(16) Perpetual Preferred Securities
U.S.$100,000,000 Subordinated Primary Capital Perpetual
Floating Rate Notes.
A full-text copy of the filing is available for free at:
http://is.gd/XyFWb3
About Allied Irish Banks, p.l.c.
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, 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 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.
The Company reported a net loss of EUR10.16 billion on EUR1.84
billion of interest income for 2010, compared with a net loss of
EUR2.33 billion on US$2.87 billion of interest income for 2009.
The Company's balance sheet at Dec. 31, 2010, showed EUR145.2
billion in total assets, EUR140.9 billion in total liabilities,
and stockholders' equity of EUR4.3 billion.
EPIC PLC: S&P Downgrades Rating on Class F Notes to 'B'
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its credit ratings on
Epic (Brodie) PLC's class A, B, C, D, and F notes. "We also
removed our ratings on the class A and B notes from CreditWatch
negative and affirmed our rating on the class E notes," S&P said.
"The downgrades reflect our view of the deteriorating
creditworthiness of the class A, B, C, D, and F notes due to an
increased likelihood of ultimate losses under the sole securitized
loan left in the pool," S&P related.
The senior portion of the Terry loan (EUR247.3 million of a whole-
loan balance of EUR263.2 million) is the sole remaining loan in
the transaction. The borrower failed to repay the loan at the
maturity date in April 2011. "We understand that the parties
agreed a three-month standstill period to facilitate a
restructuring. We are not aware of the restructuring details. We
believe that any loan restructuring would require the prior
consent of the junior lenders. We understand that during the
standstill, the junior lenders continue to receive interest.
However, we also understand that the remaining excess cash
will be made available to reduce the issuer exposure. We have
taken this into account in our analysis," S&P continued.
The Terry loan is secured against 10 predominantly retail assets
located mostly in high streets around Germany. Although the
property cash flow has not deteriorated since issuance, general
market conditions have negatively affected the value of the
assets, as reflected in the most recent valuation of March 2010.
"We believe that asset sales conducted in a distressed scenario
may adversely affect the marketability of the properties and, as a
result, the loan recoveries," S&P stated.
S&P noted, "In our credit analysis, we considered potential hyper-
amortization of the securitized loan from the excess cash, as well
as the level of subordination provided by the unrated class G
notes and the B-note. Although we believe ultimate losses may not
affect the rated notes, we are of the opinion that their credit
quality has deteriorated."
"On Jan. 18, 2011, we placed our ratings on the class A and B
notes on CreditWatch negative in line with our 2010 counterparty
criteria (see 'EMEA Structured Finance CreditWatch Actions In
Connection With Revised Counterparty Criteria"). After our review,
we have removed our ratings on these notes from CreditWatch
negative," S&P explained.
The transaction, which closed in 2006, is a synthetic CMBS
transaction. The notes were originally linked to five loans
secured on 70 properties located across Finland, Germany, Spain,
and France. Since closing, four of the reference loans have
repaid, leaving one loan and an outstanding note balance of
EUR247.3 million (down from EUR759.3 million at closing). All of
the loans were originated and are serviced by the Royal Bank of
Scotland PLC. The final maturity date of the notes is January
2016.
Ratings :List
Class Rating
To From
Epic (Brodie) PLC
EUR759.264 Million Commercial Mortgage-Backed Floating-Rate Notes
Ratings Lowered and Removed From CreditWatch Negative
A AA (sf) AAA (sf)/Watch Neg
B A (sf) AA (sf)/Watch Neg
Ratings Lowered
C BBB+ (sf) A (sf)
D BB+ (sf) BBB (sf)
F B (sf) BB- (sf)
Rating Affirmed
E BB (sf)
ETIC SOLUTIONS: High Court Appoints Provisional Liquidator
----------------------------------------------------------
The Irish Times reports that at a vacation sitting of the High
Court on Saturday, Mr. Justice Gerard Hogan appointed Declan
McDonald of PricewaterhouseCoopers as provisional liquidator to
ETIC Solutions Ltd.
According to The Irish Times, the petition to have the company
wound up was brought on behalf of Edward Doherty, director of PE
Doherty of Duncreggan Road, Derry, who claims that he is owed more
than EUR610,000 by ETIC.
On Saturday, the judge said he was satisfied to appoint Mr.
McDonald as provisional liquidator, The Irish Times relates.
While the judge was mindful that the application was made ex-
parte, he was satisfied that "the company is insolvent" and that
there "are strong grounds to suspect that serious irregularities
have taken place within the company," the report notes. The court
also made an order freezing the assets of both ETIC, its directors
and two other companies; Palladium Investments Ltd and XCEL
Financial Services Ltd., the report discloses.
According to The Irish Times, the court heard that ETIC, a
business and management consultancy with a registered address at
Ballybofey, Co Donegal, "operated in a fraudulent manner akin to a
Ponzi scheme" that has affected hundreds of investors all over
Ireland.
ETIC's directors are Francois De Detrich, who ran several
businesses in Co Donegal, and his wife Severine, The Irish Times
discloses. The court heard that the company ceased trading late
last year and both directors have left Ireland, and are believed
to be somewhere in France, The Irish Times relates. It is
reported that police on both sides of the Border are investigating
the firm and authorities in Northern Ireland have issued an arrest
warrant for Mr. Detrich, The Irish Times relays.
ETIC Solutions Ltd. is a Co Donegal company.
O'KEEFES OF KILKENNY: High Court Extends Examinership Period
------------------------------------------------------------
RTE News reports that the High Court has extended the period of
examinership for O'Keefes of Kilkenny Ltd. and two related firms.
O'Keefes, has been in examinership since March 14, along with
Petmania Ltd. and Meubles (Ireland) Ltd., RTE notes.
Mr. Justice Gerard Hogan granted an extension of the examinership
period through June 23, RTE discloses. The court heard that a
creditors' meeting was held on Thursday and a scheme of
arrangement (survival plan) was being put in place for the group,
RTE relates.
P. ELLIOT: N. Ireland Unit Placed in Court-Ordered Liquidation
--------------------------------------------------------------
BBC News reports that the Northern Ireland arm of P Elliott and
Company has been placed into court-ordered liquidation.
P Elliott is part of the consortium building a new hospital in
Enniskillen, Northern Ireland, BBC says. The company's other
assets in Northern Ireland included a share in the Windsor House
office block on Bedford Street and an undeveloped site on the York
Road.
BBC News, citing a note in P Elliott and Company's last available
accounts that cover the year through Dec. 31, 2009, discloses that
the company's ability to continue as a going concern depended on
continued financing from its parent company and the parent
company's bankers. However, the parent company, which is based in
County Cavan, was placed into receivership last month.
As reported in the Troubled Company Reporter-Europe on May 23,
2011, Construction Inquirer said P Elliott went into
administration after facing financial problems for months and was
the subject of a string of winding-up petitions. The Sunday
Business Post Online disclosed that Noel Elliott, Mark Elliott and
David Mackey had loans totaling over EUR40 million with Bank of
Scotland (Ireland) at the end of 2008. The Sunday Business Post
Online said receiver, Kieran Wallace of KPMG, is working to
unravel the structure of the P Elliott group, which involves
dozens of subsidiaries and joint ventures with total debts of
EUR500 million. While the main company in the group, P Elliott &
Co, has debts of EUR120 million, several other companies have
debts of more than EUR30 million each, The Sunday Business Post
Online added.
P Elliott & Co Ltd. is a construction and property development
company based in Cavan, Ireland.
* IRELAND: Nearly Half of Companies Struggling for Survival
-----------------------------------------------------------
Geoff Percival at Irish Examiner, citing InterTrade Ireland,
reports that nearly half of the companies in Ireland are either
downsizing or struggling for survival.
According to Irish Examiner, InterTrade's latest research showed
that well-publicized issues including weak consumer sentiment and
rising business costs are the main areas of concern for Irish
businesses.
The survey found that as many as 70% of companies see the ongoing
weakness in consumer sentiment as a major negative impact on
business, Irish Examiner discloses.
In this light, 38% of Irish companies have decreased prices in
recent months, meaning many are struggling to remain profitable,
Irish Examiner relates.
Access to finance for day-to-day cash flow and cost control are
also high on the concern list for Irish companies, Irish Examiner
notes.
Of everyday business costs, most business owners view energy as a
"very large issue" that needs to be tackled, Irish Examiner
states.
=========
I T A L Y
=========
SESTANTE FINANCE: S&P Lowers Rating on Class C2 Notes to 'B'
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its credit ratings on
all classes of notes in Sestante Finance S.r.l.'s series 3 and
series 4. "At the same time, of the downgraded tranches, we have
removed from CreditWatch negative our ratings on series 3's class
A and B notes and series 4's class A1 and A2 notes," S&P noted.
S&P stated, "We had placed the ratings on series 3's class A and B
notes and series 4's class A1 and A2 notes on CreditWatch negative
on Jan. 18, 2011, when our 2010 counterparty criteria became
effective (see 'EMEA Structured Finance CreditWatch Actions In
Connection With Revised Counterparty Criteria')."
"Our cash flow analysis for series 3's class A and B notes and
series 4's class A1 and A2 notes indicates that without giving
benefit to the swap, the ratings would be lower than 'A+ (sf)'.
However, under our 2010 counterparty criteria the replacement
language in both transactions' documents (that is in line with
our previous counterparty criteria) can achieve a rating equal to
the swap counterparty issuer credit rating plus one notch. We have
therefore weak-linked the rating on these notes to the rating on
the interest swap counterparty plus one notch (Commerzbank AG;
A/Negative/A-1). Accordingly, we have lowered to 'A+ (sf)' and
removed from CreditWatch negative our ratings on series 3's class
A and B notes and series 4's class A1 and A2 notes," S&P
continued.
S&P said, "The rating actions follow our cash flow analysis,
taking into account updated credit numbers and the structural
mechanisms providing enhancement in the transactions."
"We based the updated credit analysis on our assessment of the
characteristics of the residual collateral portfolios and factored
in the transactions' performance, including a substantial increase
in arrears and defaults over the past few quarters," S&P related.
As of the end of the latest collection period, mortgage loans in
arrears for more than 90 days and cumulative gross defaults for
the two series are:
Series 3: 3.75% and 5.97%.
Series 4: 4.65% and 8.14%.
As a result of the relatively high levels of arrears and the
following steady transitions to defaults, the series 3 and 4
reserve funds have been fully depleted since July 2009 and April
2009.
Series 3 and 4 both feature a structural mechanism that requires
excess spread to cover the full balance of defaulted mortgage
loans, which are defined in the transactions as 12 months in
arrears. Due to the lack of available excess spread and higher-
than-expected defaults (resulting from the weak performance of the
portfolios), the two series had fully depleted their reserve funds
since the July 2009 interest payment date (IPD) for series 3 and
the April 2009 IPD for series 4. This resulted in an increase in
unpaid principal deficiency ledgers (PDLs), which at the last IPD
in April 2011 accounted for approximately EUR11.5 million and
approximately EUR22.3 million in series 3 and 4
The current unpaid PDLs affect the adjusted credit enhancement
available for series 3's class C1 notes and series 4's class B and
C1 notes.
The reserve funds' full depletion has resulted in a lower level of
funds available to redeem both series' class C2 excess-spread-
backed notes. In addition, the issuer must first cover the total
amounts of the unpaid PDLs in order to support the class C1 notes,
before starting to redeem the outstanding amount of the class C2
notes. Thus, the relative creditworthiness of both the class C1
and C2 notes has deteriorated, in S&P's opinion.
"As a result of the reduced credit enhancement, we have lowered
our ratings on series 3's class C1 and C2 notes and series 4's
class B, C1, and C2 notes," S&P noted.
Interest payments on series 3 and 4's class B, C1, and C2 notes
can be deferred if the cumulative gross default ratio rises above
certain levels, the lowest being 12%. "Given the current
cumulative default ratios and the outstanding level of
delinquencies, we do not think it likely that any of these
triggers will be breached over the short term," S&P related.
According to S&P, "In our cash flow analysis, we addressed the
effect of reserve fund draws and unpaid PDLs on the redemption
profile of the class C2 notes and the likelihood of the deferral
triggers being hit."
"Meliorbanca SpA, the originator and servicer of the Sestante
Finance transactions, has informed us that it transferred the
servicing of Sestante Finance series 1 to 4 to Italfondiario SpA
on May 23, 2011," S&P noted.
Pools of residential mortgage loans secured over properties in
Italy back these two Sestante Finance transactions. During the
first 18 months of the transactions, the portfolios were
revolving, subject to replenishment criteria.
Ratings List
Class Rating
To From
Ratings Lowered and Removed From CreditWatch Negative
Sestante Finance S.r.l.
EUR890.9 Million Asset-Backed Floating-Rate Notes Series 3
A A+ (sf) AAA (sf)/Watch Neg
B A+ (sf) AA- (sf)/Watch Neg
Sestante Finance S.r.l.
EUR647.9 Million Asset-Backed Floating-Rate Notes Series 4
A1 A+ (sf) AAA (sf)/Watch Neg
A2 A+ (sf) AAA (sf)/Watch Neg
Rating Lowered
Sestante Finance S.r.l.
EUR890.9 Million Asset-Backed Floating-Rate Notes Series 3
C1 BB (sf) BBB- (sf)
C2 B (sf) BB (sf)
Sestante Finance S.r.l.
EUR647.9 Million Asset-Backed Floating-Rate Notes Series 4
B BBB- (sf) A (sf)
C1 BB (sf) BBB- (sf)
C2 B (sf) BB- (sf)
===================
L U X E M B O U R G
===================
BOZEL SA: Unit Files Schedules of Assets and Liabilities
--------------------------------------------------------
Bozel, LLC, filed with the U.S. Bankruptcy Court for the Southern
District of New York on May 4, 2011, amended schedules of its
assets and liabilities, disclosing:
Name of Schedule Assets Liabilities
---------------- ------------ ---------------
A. Real Property US$0
B. Personal Property $41,134,010
C. Property Claimed as
Exempt
D. Creditors Holding US$16,811,108
Secured Claims
E. Creditors Holding $148,500
Unsecured Priority
Claims
F. Creditors Holding $30,405,428
Unsecured Non-priority
Claims
------------ ---------------
TOTAL US$41,134,010 US$47,365,036
About Bozel S.A.
Bozel S.A. is a mineral mining company based in Luxembourg. Bozel
S.A. sought bankruptcy protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-11802) on April 6,
2010. William F. Savino, Esq., Daniel F. Brown, Esq., and Beth
Ann Bivona, Esq., at Damon Morey LLP in Buffalo, N.Y., represent
the Debtor, and BDO Consulting serves as the Debtor's financial
advisor. Allen G. Kadish, Esq. -- kadisha@gtlaw.com -- Kaitlin R.
Walsh, Esq. -- walshkr@gtlaw.com -- and Mark D. Bloom, Esq. --
bloomm@gtlaw.com -- at Greenberg Traurig, LLP, represent the
Liquidator. The Debtor estimated assets and debts at US$50
million to US$100 million in its Chapter 11 petition.
Bozel, LLC, a subsidiary of Bozel SA, filed a separate petition
for Chapter 11 on January 10, 2011 (Bankr. S.D.N.Y. Case No.
11-10033). Gary C. Fischoff, Esq., at Steinberg, Fineo, Berger &
Fischoff, in Woodbury, N.Y., represents the Debtor as counsel.
The Debtor estimated assets of US$1 million to US$10 million and
debts of US$10 million to US$50 million in its Chapter 11
petition.
The two cases are jointly administered under Case No. 10-11802.
BOZEL SA: Seeks Court OK to Expand Scope of BDO's Retention
-----------------------------------------------------------
Bozel S.A. seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York to expand the scope of its retention
BDO Consulting Corporate Advisors, LLC, as financial advisor to
add the rendering of tax advice, including the preparation and
filing of necessary tax returns and documentation in the United
States.
The Debtor also seeks Court authority to hire BDO Tax & Accounting
S.A. to provide it necessary tax advice and services in
Luxembourg.
The Debtor specifically seeks to expand the scope of BCCA's
retention to include these services:
-- At the request of the Sole Director, prepare the federal
and any state tax returns required for Bozel LLC and/or
Bozel SA for the years ended Dec. 31, 2006, 2007, 2008,
2009, 2010, and 2011;
-- At the request of the Sole Director, perform additional
services as may be requested, including but not limited
to estimated tax payments, tax planning, and tax
consultation; and
-- Should the tax returns of Bozel LLC and/or Bozel SA be
selected for review by the taxing authorities, any
proposed adjustments by the examining agent are subject
to certain rights of appeal. At the request of the Sole
Director, in the event of such a government tax examination,
BCCA will be available upon request to represent the
Company, subject to the execution of a separate engagement
letter, if appropriate.
BDO Consulting will be paid based on the hourly rates of its
personnel:
Partners/Managing Directors US$550 to US$800
Directors/Sr. Managers/Principals US$350 to US$600
Managers/Vice Presidents US$225 to US$500
Seniors/Associates US$200 to US$350
Staff US$125 to US$225
Retention of BDO Luxembourg
The Debtor seeks to include the retention of BDO Luxembourg
pursuant to the terms and conditions of the BDO Luxembourg
Engagement Letter.
BDO Luxembourg is contemplated to:
-- prepare corporate income tax and municipal business tax
return for Bozel;
-- compute tax credit for investments, if applicable;
-- compute unitary value of the preparation of the net wealth
tax return, if applicable;
-- prepare all necessary appendices to those returns;
-- review relating tax assessments issued by the tax
authorities; and
-- provide any other related Luxembourg tax advice.
BDO Luxembourg will be paid based on the hourly rates of its
personnel:
Partner EUR420
Senior Manager EUR310
Manager EUR225
Senior EUR120
Assistant EUR80
Gerdy Roose, a partner of BDO Tax & Accounting S.A., assures the
Court that the BDO Luxembourg is a "disinterested person" within
the meaning of Section 101(14) of the Bankruptcy Code.
As reported in the Troubled Company Reporter on Oct. 14, 2010,
Bozel S.A. sought and obtained authorization from Bankruptcy Court
to employ BDO Consulting Corporate as its financial advisor
effective as of Aug. 6, 2010.
About Bozel S.A.
Bozel S.A. sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
10-11802) on April 6, 2010. In its petition, the Debtor estimated
assets ranging from US$50 million to US$100 million, and debts
ranging from US$10 million to US$50 million. William F. Savino,
Esq., Daniel F. Brown, Esq., and Beth Ann Bivona, Esq., at Damon
Morey LLP in Buffalo, N.Y., represent the Debtor.
=====================
N E T H E R L A N D S
=====================
BRUCKNER CDO: S&P Cuts Ratings on Class D Notes to 'CCC+'
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its credit ratings on
Bruckner CDO I B.V.'s class A2-1, A2-2, B, C-1, C-2, D-1, and D-2
notes. "At the same time, have affirmed the rating on the class A-
1 notes and have removed from CreditWatch negative the ratings on
the class A-1, A2-1, and A2-2 notes," S&P stated.
S&P continued, "The rating actions on the class A2-1, A2-2, B, C-
1, C-2, D-1, and D-2 notes follow our assessment of the portfolio.
In our opinion, there has been negative rating migration in the
underlying portfolio, and the proportion of assets that we
consider defaulted has increased to EUR12 million, compared with
EUR4 million when we last reviewed this transaction in January
2010."
The transaction documents include an event of default
overcollateralization test. Using the combined class A-1, A2-1,
A2-2, and B notes' balance, an event of default will be triggered
if the overcollateralization ratio falls below 100%. "We estimate
the current overcollateralization ratio to be about 103%, compared
with 106% in January 2010," S&P said.
"We consider the presence of the event of default test to be
sufficient grounds for caution when reviewing this transaction. We
will continue to monitor the level of the event of default
overcollateralization ratio, as well as the class A-1 noteholders'
directions to the trustee with regard to the Bruckner CDO I
notes," S&P related.
For these reasons, S&P has lowered its ratings on the class A2-1,
A2-2, B, C-1, C-2, D-1, and D-2 notes.
"On Jan. 18, 2011, we placed on CreditWatch negative our rating on
the class A-1, A2-1, and A2-2 notes when our 2010 counterparty
criteria became effective (see 'EMEA Structured Finance
CreditWatch Actions In Connection With Revised Counterparty
Criteria')," S&P said.
According to S&P, "We have since applied our counterparty criteria
and, in our view, the participants in the transaction are
appropriately rated to support the 'BBB (sf)' ratings on the class
A2-1 and A2-2 notes (see 'Counterparty And Supporting Obligations
Methodology And Assumptions,' published on Dec. 6, 2010)."
"We have therefore removed from CreditWatch negative our ratings
on the class A2-1 and A2-2 notes," S&P stated.
JPMorgan Securities Ltd. (AA-/Stable/A-1+) currently provides a
currency swap on EUR1 million of assets that are not denominated
in euros. "We consider that the exposure to JPMorgan Securities is
sufficiently limited that the counterparty's failure to perform
would not affect our rating on the class A-1 notes," S&P said.
S&P has therefore removed from CreditWatch negative its rating on
the class A-1 notes.
"We have affirmed the rating on the class A-1 notes, as we believe
there is sufficient credit enhancement available at the existing
rating level," S&P continued.
Bruckner CDO I closed in September 2004. It is a collateralized
debt obligation of asset-backed securities (ABS) backed by a pool
of largely European prime residential mortgage-backed securities
(27%), corporate CDOs (29%), and ABS consumer assets (19%). The
transaction has entered its amortization phase.
Ratings List
Class Rating
To From
Bruckner CDO I B.V.
EUR256.5 Million Secured Fixed-, Floating-, and Deferrable-Rate
Notes
Ratings Lowered and Removed From CreditWatch Negative
A2-1 BBB+ (sf) AA (sf)/Watch Neg
A2-2 BBB+ (sf) AA (sf)/Watch Neg
Ratings Lowered
B BB (sf) A- (sf)
C-1 BB- (sf) BBB+ (sf)
C-2 BB- (sf) BBB+ (sf)
D-1 CCC+ (sf) BB- (sf)
D-2 CCC+ (sf) BB- (sf)
Rating Affirmed and Removed From CreditWatch Negative
A-1 AAA (sf) AAA (sf)/Watch Neg
DUTCH MBS: Moody's Assigns 'Ba1' Rating to Junior Class E Notes
---------------------------------------------------------------
Moody's Investors Service has assigned definitive credit ratings
to the following classes of notes issued by DMBS XVI B.V.:
-- Aaa (sf) to Euro 221,200,000 Senior Class A1 Mortgage-Backed
Notes 2011 due 2043
-- Aaa (sf) to Euro 484,400,000 Senior Class A2 Mortgage-Backed
Notes 2011 due 2043
-- Aa1 (sf) to Euro 11,700,000 Mezzanine Class B Mortgage-
Backed Notes 2011 due 2043
-- Aa2 (sf) to Euro 11,200,000 Mezzanine Class C Mortgage-
Backed Notes 2011 due 2043
-- A1 (sf) to Euro 9,200,000 Junior Class D Mortgage-Backed
Notes 2011 due 2043
-- Ba1 (sf) to Euro 12,300,000 Junior Class E Mortgage-Backed
Notes 2011 due 2043
Class F is not rated by Moody's.
Ratings Rationale
The transaction represents a securitization of Dutch prime
mortgage loans backed by residential properties located in the
Netherlands and originated or acquired by subsidiaries of NIBC
Bank N.V. (NIBC, Baa3/P-3). The portfolio will be serviced by
NIBC.
The ratings of the notes take into account the credit quality of
the underlying mortgage loan pool, from which Moody's determined
the MILAN Aaa Credit Enhancement and the portfolio expected loss.
The expected portfolio loss of 0.65% of current balance of the
portfolio at closing and the MILAN Aaa required Credit Enhancement
of 5.6% served as input parameters for Moody's cash flow model,
which is based on a probabilistic lognormal distribution as
described in the report "The Lognormal Method Applied to ABS
Analysis", published in September 2000.
The key drivers for the MILAN Aaa Credit Enhancement, which is in
line with other prime Dutch RMBS transactions closed in 2010 and
2011, are (i) the weighted average loan-to-foreclosure-value
(LTFV) of 94.1%, which is average compared to other Dutch RMBS
transactions, (ii) the weighted average seasoning of 6.7 years,
which is high relative to the Dutch market. The proportion of
interest-only loan parts (60.8%) which is in line with other prime
Dutch RMBS transactions. Moody's has also considered in the MILAN
Aaa Credit Enhancement concerns regarding the above average number
of errors on some of the data fields of the loan-by-loan data as
highlighted by the "agreed-upon-procedures" performed on the
underlying portfolio. Moody's main concerns are with regard to the
number of errors in foreclosure values and valuation dates.
Moody's addressed its concern by applying an additional adjustment
in the MILAN model which leads to an increase of the MILAN Aaa
Credit Enhancement.
The key drivers for the portfolio expected loss are (i) the
performance of the sellers' precedent transactions, which is
slightly better than the average in the Dutch market, and the
performance data that Moody's has received on the seller's book
(ii) benchmarking with comparable transactions in the Dutch market
and (iii) the current economic conditions in the Netherlands in
combination with historic recovery data of foreclosures received
from the sellers.
Approximately 29.8% of the portfolio is linked to life insurance
policies (life mortgage loans), which are exposed to set-off risk
in case an insurance company goes bankrupt. The seller has
provided loan-by-loan insurance company counterparty data, whereby
54.2% of all life insurance-linked products are linked to
insurance policies provided by group companies of SRLEV N.V. (A3
IFSR), which is part of REAAL Verzekeringen group. Moody's
considered the set-off risk in the cash flow analysis.
The transaction benefits from a non-amortizing reserve account
which will be fully accounted at 0.5% of the outstanding portfolio
at closing through from the proceeds of the class F notes. The
reserve account is replenished before interest payment on the
class F notes.
Operational Risk Analysis: Moody's has analyzed the potential
operational risks associated with the servicing and cash
management functions in the transaction. The named servicer in the
transaction is NIBC (Baa3/P-3). NIBC has sub delegated the loan
administration to two sub servicers (Stater and Quion). If NIBC's
rating falls below Baa3, the issuer and the security trustee will
appoint a back-up servicer. Furthermore, the issuer and security
trustee will use best efforts to appoint a substitute servicer if
the main servicer is no longer able to service the mortgage loan
pool. Moody's views this undertaking to be similar to a back-up
servicer facilitator function.
The role of cash manager in this transaction is also performed by
NIBC. If NIBC's rating falls below Baa3, the issuer and the
security trustee will appoint a back-up cash manager.
The transaction has the benefit of two sources of liquidity; (i) a
cash advance facility and (ii) a fully funded reserve account. The
size of the cash advance facility is 2% of the outstanding notes.
In Moody's view, the available liquidity in this transaction
should be sufficient to cover between 5 and 7 monthly interest
payments on the notes.
The rating addresses the expected loss posed to investors by the
legal final maturity of the notes. In Moody's opinion, the
structure allows for timely payment of interest and principal with
respect of the notes by the legal final maturity. Moody's ratings
only address the credit risk associated with the transaction. Non-
credit risks have not been addressed, but may have a significant
effect on yield to investors.
The composite V-Score for this transaction is Low/Medium, which is
in line with the V-Score assigned for the Dutch RMBS sector,
mainly due to the fact that it is a standard Dutch prime RMBS
structure for which Moody's has over 10 years of historical
performance data on precedent transactions. The primary source of
uncertainty relates to operational risks relating to the servicing
arrangement. The contractual servicer (NIBC) is rated Baa3 by
Moody's. In addition, Stater Nederland N.V. and Quion will be
appointed at closing as sub-agents of NIBC and will perform the
loan administration.
V-Scores are relative assessments of the quality of available
credit information and of the degree of dependence on various
assumptions used in determining the rating. High variability in
key assumptions could expose a rating to greater likelihood of
rating changes. The V-Score has been assigned according to the
report "V-Scores and Parameter Sensitivities in the Major EMEA
RMBS Sectors" published in April 2009.
Moody's Parameter Sensitivities: If the portfolio expected loss
was increased from 0.65% of current balance to 1.95% (a stress of
3 times) of current balance and assuming MILAN Aaa CE remained at
5.6% and all other factors were constant, the model output
indicates that the classes A1 and A2 have achieved Aaa. If MILAN
Aaa CE increased to 9.0% (a stress of 1.6 times) and the portfolio
expected loss remained at 0.65%, the model output indicates that
the class A1 rating would have remained at Aaa whereas the class
A2 would not have achieved Aaa, but Aa1.
Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's structured finance security may vary if certain input
parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged and is not intended to
measure how the rating of the security might migrate over time,
but rather how the initial rating of the security might have
differed if key rating input parameters were varied. Parameter
Sensitivities for the typical EMEA RMBS transaction are calculated
by stressing key variable inputs in Moody's primary rating model.
The methodologies used in rating this transaction were Moody's
Updated MILAN Methodology for Rating Dutch RMBS published in March
2009, Cash Flow Analysis in EMEA RMBS: Testing Features with the
MARCO Model (Moody's Analyser of Residential Cash Flows) published
in January 2006, Moody's Updated Approach to NHG Mortgages in
Rating Dutch RMBS published in March 2009 and Moody's Updated
Methodology for Set-Off in Dutch RMBS published in November 2009.
Moody's also took into account its Rating Implementation Guidance
"Global Structured Finance Operational Risk Guidelines: Moody's
Approach to Analyzing Performance Disruption Risk" published in
April 2011. Other methodologies and factors that may have been
considered in the process of rating this issuer can also be found
on Moody's website.
Moody's Investors Service did not receive or take into account a
third party due diligence report on the underlying assets or
financial instruments in this transaction.
CITY MALL: Liquidators Make Final Sale Attempt
----------------------------------------------
Ziarul Financiar reports that City Mall failed to attract
investors at a fourth auction following the company's bankruptcy
in November last year.
According to ZF, liquidators are making a final attempt to sell
the company before searching for alternative ways to repay
creditors.
City Mall is a Bucharest shopping center.
===========
R U S S I A
===========
WIMM-BILL-DANN: Moody's Withdraws 'Ba3' Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service has withdrawn the Ba3, rating under
review, corporate family rating of Wimm-Bill-Dann Foods OJSC. The
rating is withdrawn upon the company's request, which qualifies
under Moody's Guidelines for the Withdrawal of Ratings in
situations associated with "Reorganisation".
Moody's Investors Service has withdrawn the credit rating for
reorganization reasons.
Corporate Family Rating, Withdrawn, previously rated Ba3, rating
under review for a possible upgrade.
Wimm-Bill-Dann Foods OJSC has 38 manufacturing facilities in
Russia, Ukraine, Kyrgyzstan, Uzbekistan and Georgia with over
16,000 employees. In 2005, Wimm-Bill-Dann became the first Russian
dairy producer to receive approval from the European Commission to
export its products into the European Union.
In 2009, the company reported US$2.18 billion in revenue and
US$306.6 million of EBITDA. In the 1H 2010, WBD reported revenue
of 1.25 billion (17.1% increase Y-o-Y) and EBITDA of US$159.7
million (0.9% increase Y-o-Y). In August 2010, Groupe Danone sold
its 18.4% stake in the company to WBD.
===============
S L O V E N I A
===============
MERFIN: Ljubljana Court Begins Receivership for Merfin
----------------------------------------------------
New Europe reports that the Ljubljana District Court began
receivership proceedings on June 3 for Merfin, the acquisition
vehicle in the ill-fated management takeover of troubled hardware
retailer Merkur.
Creditors need to register their claims by September 5.
Receivership for Merfin, which is held by Merkur managers, was
already proposed in late February by HTC Dva, according to New
Europe. HTC Dva is thought to have been set up to provide
financing to Merfin and has around "EUR182,5 million" in claims to
Merfin, New Europe relays.
New Europe notes that the launch of receivership was delayed by
Merfin's filing for debt restructuring on April 1, but was taken
up again by the court as Merfin failed to supplement its debt
restructuring proposal.
Merfin was offering to pay only 2.07% of the EUR331 million in
claims to creditors, arguing that no assets were left as all had
been taken away by banks, New Europe says.
HTC Dva, as the biggest creditor, is also in receivership, New
Europe discloses.
HTC Dva was reportedly used to create a chain through which Merkur
was indirectly paying for the loans taken by the managers for the
takeover, according to New Europe.
The takeover, which failed in mid-2010 as banks recalled their
loans to Merfin after the crisis eroded the share value of Merkur,
is the subject of a police investigation, New Europe cites.
===========
S W E D E N
===========
STENA AB: S&P Affirms Corp. Credit Rating at 'BB+'; Outlook Neg.
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Sweden-
based conglomerate Stena AB to negative from stable.
"At the same time we affirmed our 'BB+' issue rating on Stena's
unsecured notes. The recovery rating on the debt remains unchanged
at '4'," S&P noted.
"The outlook revision reflects Stena's performance in 2010 and the
first quarter of 2011, which was weaker than we expected. Together
with Stena's high debt levels, this weakened the group's credit
ratios beyond the levels we expect for the current rating. The
group has no contract in place for one drilling ship currently on
order, which we view negatively. We see a risk that Stena's credit
metrics could remain inconsistent with the 'BB+' long-term rating.
The group's weak operating results are predominantly explained by
weakening profitability at ferry unit Stena Line and the group's
shipping division. Stena Line has been impacted by low freight and
passenger volumes and high bunker costs, while the shipping
division has been affected by currently weak market conditions and
a miss-match between leased-in and leased-out vessels," S&P
continued.
"To reflect Stena's weaker ratios and aggressive investment
polices we have revised our assessment of the group's financial
risk profile to 'aggressive' from 'significant'. Stena's adjusted
EBITDA for the 12 months ended March 31, 2011 stood at SEK7.2
billion. At the same time, we estimate that the group's ratios of
fully adjusted EBITDA to interest and funds from operations (FFO)
to debt stood at about 2.8x and 13%, respectively, both of which
are weak for the current rating. The group's pre-financing cash
flow has been significantly negative in recent years, following
aggressive capital expenditure and acquisitions, most recently the
acquisition of three liquefied natural gas (LNG) carriers for
US$667 million. Adjusted debt stood at SEK52.6 billion on
March 31, 2011," S&P related.
"Positively, we note that a large percentage of future revenue
from the group's drilling units remains contracted for 2011 and
2012, which together with stable cash flows from the group's real
estate operations should provide predictable cash flows. However
we are concerned that a costly US$1.2 billion Arctic drilling ship
on order remains uncontracted. To be profitable, the ship is
likely to require a higher day rate than currently available in
the market," S&P noted.
For full-year 2011, S&P's base-case credit scenario assumes that
Stena's adjusted EBITDA will improve modestly compared with 2010
to SEK7.1 billion-SEK7.2 billion but that free operating cash flow
(FOCF) will remain negative. "We are especially mindful of Stena's
negative FOCF in the context of its high investment levels over a
number of years in combination with its high debt levels," S&P
said.
The negative outlook reflects Stena's recent weak performance and
high debt levels, which have resulted in weaker credit ratios than
S&P previously expected.
===========================
U N I T E D K I N G D O M
===========================
DIXONS RETAIL: Moody's Downgrades Ratings to 'B1'; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service has downgraded to B1 from Ba3 the long-
term ratings of Dixons Retail plc, including its corporate family
rating, probability of default rating and senior unsecured rating.
This rating action concludes the review for downgrade initiated by
Moody's on April 1, 2011. The outlook for the company's long-term
ratings is stable.
Ratings Rationale
"The downgrade reflects Moody's expectation that, given its
overall cautious outlook on the UK economy, Dixons is unlikely to
be able to reverse its recent disappointing earnings performance
in the coming quarters," says Yasmina Serghini-Douvin, a Moody's
Assistant Vice President and lead analyst for Dixons. The
company's profits have also been constrained by the steep decline
in its performance in Greece, where the consumer environment is
under severe pressure, although, longer term, this could offer
Dixons opportunities as competition wanes. This decline translated
into more negative like-for-like sales trends in the second half
of Dixons' financial year ended April 30, 2011 and the expectation
of profit before tax (before exceptional items) of approximately
GBP85 million for the full year. Moody's therefore estimates that
the company's leverage ratio, defined as adjusted debt/EBITDA, was
broadly unchanged year-on-year at approximately 5.8x, which the
rating agency assesses as high for the Ba rating category and
inconsistent with its previous expectations communicated in June
2010.
Moody's acknowledges that management has articulated a plan to
preserve margins and financial flexibility, especially through a
GBP50 million cost reduction program, the recently announced sale
(and lease-back) of a warehouse in Sweden for GBP59 million and a
cut in capital expenditure (capex) to GBP160 million (from
approximately GBP220 million in 2010). However, the rating agency
considers that Dixons' financial profile is not likely to improve
meaningfully unless there is a turnaround in the overall consumer
demand and the company's revenue, which Moody's does not
anticipate this year.
More positively, Moody's recognizes that Dixons' successful
execution of its Renewal & Transformation Plan, together with new
commercial initiatives, have provided the company with a more
solid operational platform to respond to an intense competitive
environment in the consumer electronics and electrical industry.
Moreover, Dixons' liquidity profile will benefit from the
announced reduction in capex and the sale of the Swedish
warehouse, the proceeds of which the company will use to, among
other things, reduce drawings under its revolving credit facility
and repay its November 2012 bond of GBP160 million.
The stable outlook reflects Moody's expectation that thanks to
Dixons' improved operational platform, successful execution of its
strategic plan and increased financial discipline, the company's
performance will not further deteriorate from its level in 2010/11
in spite of Moody's cautious view of the industry. Although not
likely in the near-term, positive pressure on the rating or
outlook could occur if the company's earnings were to sustainably
improve, translating into better credit metrics including a
debt/EBITDA ratio comfortably below 5.5x and an EBITA/interest
expense ratio sustained at, or higher than, 2.0x. Conversely,
negative pressure could occur if the company's operating
performance or liquidity profile were to deteriorate.
Quantitatively, this would translate into a debt/EBITDA ratio
close to or above 6.0x and an EBITA/interest expense ratio below
1.5x.
Principal Methodology
The principal methodology used in rating Dixons Retail plc was the
Global Retail Industry Methodology, published December 2006. Other
methodologies used include Loss Given Default for Speculative
Grade Issuers in the US, Canada, and EMEA, published June 2009.
Headquartered in Hemel Hempstead, England, Dixons Retail plc is
one of Europe's leading specialist consumer electrical retailers.
It posted revenues of GBP8.5 billion for the financial year ended
May 1, 2010.
EXOVA GROUP: S&P Affirms Long-term CCR at 'B'; Outlook Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on U.K.-
based testing services provider Exova Group Ltd. (Exova) to
negative from stable. "We affirmed our 'B' long-term corporate
credit rating on Exova," S&P said.
"At the same time we affirmed the 'B-' issue rating on the œ155
million senior unsecured notes due 2018, issued by Exova PLC (a
subsidiary 100% indirectly owned by Exova and formerly known as
Exova Ltd.). The recovery rating on the notes is unchanged at '5',
indicating our expectation of modest (10%-30%) recovery in the
event of a payment default," S&P continued.
"We also affirmed the 'BB-' issue ratings on Exova PLC's existing
senior bank facilities. The recovery ratings are also unchanged at
'1', reflecting our expectation of very high (90%-100%) recovery
in the event of a payment default," S&P related.
"The rating on Exova reflects our view of the group's highly
leveraged financial risk profile and relatively limited short-term
cost flexibility," S&P said.
"The rating also reflects our opinion that credit risk metrics
will deteriorate somewhat in 2011, to less than our original
forecast levels," noted S&P.
"While we anticipate that Exova's EBITDA margin will improve
somewhat in 2011, to slightly more than 20%, the absolute level of
EBITDA that we project for 2011 is significantly less than we had
previously forecast, partially due to the group's slow start to
2011, as well as continued difficult trading conditions. We also
see debt levels increasing as a result of the capitalization of
payment-in-kind (PIK) interest on Exova's shareholder loans
and reduced forecasts for EBITDA. In addition, we calculate that
the group's adjusted debt-to-EBITDA ratio will rise to just less
than 12x in 2011, relative to 11x in 2012," S&P stated.
"In our view, Exova's current credit metrics are weak for the
rating. Looking ahead, we think that profitability and cash flow
may not increase as quickly as the capitalization of PIK interest
on the group's shareholder loans, thereby increasing the level of
adjusted debt to EBITDA in the near term. While we believe that
revenues should increase in 2011, we see cash flow generation
remaining stable," noted S&P.
"To maintain the 'B' long-term corporate credit rating on Exova,
we believe that adjusted debt to EBITDA (including shareholder
loans) would have to improve to less than 10x in the near to
medium term. If we were to consider the rate of growth in EBITDA
as insufficient to enable the group to deleverage to such a level,
we would likely lower the rating," S&P said.
"Downside rating risk is most likely to arise from a change in
Exova's acquisition strategy toward more debt-financed
acquisitions, or from a significant decline in organic growth
rates toward zero or negative growth. Additionally, sustained weak
or deteriorating credit metrics for the rating could lead to a
downgrade. Potential downside could also arise should the
group face internal difficulties in maintaining its operating
margins, which are inherently stable in the testing services
industry," S&P added.
Upside potential, in S&P's view, is constrained by the group's
highly leveraged financial risk profile.
FUTURE POST: Placed Into Insolvent Liquidation
----------------------------------------------
broadcastnow.co.uk reports that Future Post Production Limited,
trading as Pepper Post, has been placed into insolvent liquidation
by its owner Future Film Group. The staff has been notified and a
creditors meeting will take place later this month.
According to broadcastnow.co.uk, David Rubin & Partners has been
appointed to handle the process and partner Stephen Katz will try
to find a buyer for the facilities and their equipment in order to
seek to maximize value for the creditors.
David Rubin & Partners said a number of parties have already
expressed interest, the report says.
broadcastnow.co.uk relates that Future Film Group has decided that
"due to market conditions," it will focus on its main activities
of media finance, production and digital distribution, and as a
result it is withdrawing from the physical post production sector.
The group bought Pepper Post from pre-pack administration in
August 2010 and said at that time that it was investing GBP1
million in the business, broadcastnow.co.uk notes.
HALDANES: Jobs at Wigton Supermarket in Limbo
---------------------------------------------
Sarah Newstead at News and Star reports that staff at a Wigton
supermarket are facing an uncertain future after its owners went
into administration.
As reported in the Troubled Company Reporter-Europe on June 13,
2011, Retail Gazette said Haldanes Stores Chief Executive Officer
Arthur Harris confirmed that the retailer is to go into
administration. Retail Gazette related that Haldanes has
officially started legal proceedings against The Co-operative
Group over the purchase of stores following the mutual's takeover
of Somerfield in 2008. The dispute over the dispute has been
named as the major factor behind the fall into administration, as
Haldanes claims that Co-op breached the terms of their agreement
by misrepresenting the trading levels of the outlets it took on,
according to Retail Gazette.
News and Star notes that Haldanes said most of its stores
nationwide will close today, June 14. However, an unnamed
spokeswoman for the firm told the News & Star, "We expect the
Wigton store to remain open beyond June 14."
News and Star relays that a spokeswoman for the Wigton store said
the building is owned by Haldanes, not the Co-op. But there are
no firm assurances the shop will remain open in the future, News
and Star cites.
Grocery store group Haldanes Stores has 26 outlets in United
Kingdom.
NORTH WEST NATIONAL: Obtained CVA Approval, To Pay Debts in 5 Yrs.
------------------------------------------------------------------
Alan Weston at Liverpool Daily Post reports that the golf club
North West National, which is battling to stave off liquidation
and closure, has been granted a Company Voluntary Arrangement.
The CVA will allow the club to carry on operating while paying off
some of its creditors, the report notes.
The GBP7 million golf club was forced to put together a rescue
plan because of a series of setbacks after its first phase opened
in 2009, LDP relates.
Club bosses sought the CVA after racking up debts of GBP400,000,
LDP discloses. Under the terms of the five-year scheme, the club
will now only have to pay back GBP144,000, the report notes.
The deal was approved at a meeting of creditors, even though the
creditors stand to get back only 33 pence out of every GBP1 they
put in, LDP notes.
Some were still unhappy about the CVA being granted and hoped to
see new management brought in, LDP says.
The North West National was described as the UK's first "golf
village" when it opened. But the club soon ran into trouble
because of the current economic climate as well as being hampered
by poor weather, LDP cites.
North West National is situated in Rainford. The golf course was
built partly on the old Pilkington glassworks and former
agricultural land, making it one of the longest in the region.
It included an 18-hole championship-length course, new clubhouse,
driving range and nine-hole academy course. The driving range and
nine-hole course have opened, but the main course has remained
shut. The course was launched by Glenn Turner in partnership with
businessman Martin Turner, who remains in charge of the golf
driving range.
OTIUM VENTURES: Shares Suspended Despite GBP1MM Profit for 2010
---------------------------------------------------------------
StockMarketWire.com reports that Otium Ventures Plc has announced
its results for the year ended December 31, 2010, reporting an
operating profit of GBP1,227,148.
The GBP1.2 million operating profit is after administrative
expenses of GBP302,409 and exceptional items of GBP1,529,557 are
considered.
The company's recorded profit for the 2010 financial year is
GBP1,080,951, StockMarketWire.com discloses.
Results indicated full discharge of the Company Voluntary
Arrangement paying creditors two pence in the pound on April 11,
2011, StockMarketWire.com notes.
According to StockMarketWire.com, commenting on the results,
Chairman Paul Seakens said: "Otium Ventures Plc is now a clean
vehicle, however the company has not been able, despite the best
efforts of the board, to implement its current investing strategy.
As announced on May 16, 2011, the company's ordinary shares remain
suspended from trading on AIM. The company however remains at an
advanced stage of exploring potential opportunities and
anticipates being able to provide a further update to shareholders
by mid-June."
Otium Ventures Plc is an AIM listed investment company.
PROVIDENT INSURANCE: S&P Ups Counterparty Credit Rating From 'BB+'
------------------------------------------------------------------
Standard & Poor's Ratings Services upgraded to 'BBB' from 'BB+'
the long-term counterparty credit and insurer financial strength
ratings on U.K.-based non-life insurer Provident Insurance PLC.
The outlook is stable.
"The upgrade reflects our assessment that, following the official
completion of the acquisition by MMA Holdings UK PLC (not rated;
part of the Covea group), the ratings on Provident Insurance are
no longer constrained by those on its previous parent, Ally
Financial Inc. (B+/Stable/C; formerly GMAC). We are, therefore,
raising the ratings on Provident Insurance by two notches to match
its stand-alone credit profile (SACP)," S&P stated.
S&P continued, "The ratings on Provident Insurance reflect our
view of its continued good stand-alone credit characteristics.
These include its very conservative investments and strong
capitalization. We assume in our ratings that the new owners will
sustain these strengths in Provident Insurance's financial
profile. The positive factors are somewhat diminished, however, by
continued industry and underwriting performance pressures.
Provident Insurance's operating performance has historically been
strong, although we consider that it weakened considerably in
2009. Nevertheless, it has shown some improvement through 2010 and
we expect it to return to positive profitability in 2011. This
reflects our view that the company will begin to feel the benefits
of the strong active cycle management actions that it took in 2009
and 2010 to improve its underwriting performance."
S&P has not incorporated any additional notches of group support
from the new parent into the ratings at this stage.
The stable outlook reflects Provident Insurance's good stand-alone
characteristics and the improvements S&P expects to see in the
company's operating results in 2011.
A positive rating action could be triggered by a further earnings
recovery resulting in a track record of earnings profitability, or
a demonstrable strengthening of the company's competitive
position. It could also be triggered by an evolving integration
and growing strategic role within the group over time.
A negative rating action could occur should Provident Insurance's
operating performance deteriorate back to the levels seen in 2009
and thereby harm the company's capital position.
SOPHOS LTD: S&P Rates Proposed Secured Facilities 'B+'
------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' issue rating
to Sophos Ltd.'s proposed secured credit facilities, one notch
above the corporate credit rating (B/Stable/--). "At the same
time, we assigned recovery ratings of '2' to the senior secured
facilities, indicating our expectation of substantial (70%-90%)
coverage in a default scenario. Sophos is a leading IT security
and data protection software and applications provider," S&P
stated.
The proposed circa US$460 million equivalent senior secured
facilities due 2017, to be issued by Shield Finance Co. S.A.R.L.,
will fund the purchase of Astaro. Astaro will accede as a
guarantor of the secured credit facilities; the guarantors of the
existing facilities -- Shield Bidco, Shield Holdco, Sophos
Ltd. -- will also guarantee the new facilities. Post acquisition,
the guarantors would account for 72% of billings, 60% of EBITDA,
and 95% of the assets of the group for the year ended March 31,
2011. "Moreover, we understand these facilities will benefit from
the same comprehensive security package as the existing credit
facilities, including security on fixed assets and all the
material intellectual property of the guarantors and the borrower.
We assume that the collateral will hold its value and be
enforceable at default," S&P continued.
"The documentation for the proposed credit facilities has
apparently been relaxed in comparison to the previous
documentation, though exact covenant parameters are still under
consideration and as yet not final; our understanding is that
maximum total net leverage ratio will be 5.0x, and minimum
interest coverage will be 2.25x. Moreover, incremental facilities
of $150 million plus the amount of voluntary prepayments will be
allowed subject to a ratio of senior secured leverage of 3.75x pro
forma for the acquisition of Astaro, which is a substantial
increase. There will also be a number of permitted additional debt
baskets for transactions such as sale and lease back, capital
lease refinancing, and acquisitions. Furthermore, mandatory
amortizations on Term B loans will be lowered from 3% annually to
1% annually, and the mandatory excess cash flow prepayment
provision will no longer include prepayments in the case of a
qualified IPO," according to S&P.
"We understand that the nonfinancial covenants will remain in line
with the previous documentation, including limitations on liens,"
S&P noted.
"According to our hypothetical default scenario, a default could
occur due to slow revenue growth and low profitability on account
of a relatively high proportion of fixed costs in the cost base,
as well as fewer synergies and higher integration costs than
expected related to the Astaro acquisition. We incorporate about
US$20 million of annual debt amortization into our analysis. At
our hypothetical point of default in 2014 we calculate Sophos'
gross stressed enterprise value to be about US$360 million, based
on a combination of discounted cash flow and market multiples
valuation," S&P related.
"After deducting about US$30 million of enforcement costs, we
arrive at a net stressed enterprise value of US$330 million, which
is largely available to creditors due to very limited prior-
ranking liabilities. This leads to our view that recovery would be
substantial (70%-90%) in the event of a payment default and a
recovery rating of '2'. This equates to an issue rating of 'B+',
one notch higher than the corporate credit rating. We assume that
the final documentation will be largely in line with the draft
documentation presented to us; material changes may trigger a
review," S&P pointed out.
"Our recovery ratings do not incorporate event risk linked to
reputational damage; should such an event occur, we believe the
business would be liquidated, which would leave negligible value
for the debtholders due to the limited tangible asset base," S&P
added.
Ratings List
New Rating
Shield Finance Co. S.A.R.L.
Proposed Senior Secured B+
Recovery Rating 2
SOUTHERN CROSS: Expects to Retain Control of Most Homes
-------------------------------------------------------
Reuters reports that Southern Cross Healthcare Chairman
Christopher Fisher said on Monday that the company expects to
retain control of most of its homes and its residents need not
worry about being abandoned.
According to Reuters, Mr. Fisher told BBC Radio 4 that Southern
Cross residents don't need to worry where they will be next year
as the Southern Cross homes will continue to operate.
"In respect of some of our homes, some of our landlords who are
themselves operators may well wish to take back the effective
operation of some of those homes," Reuters quotes Mr. Fisher as
saying. "We [] in principle agreed to any landlord who wants to
take back the operation of their homes, to that being
facilitated."
Southern Cross said there had been no decision to close any of its
homes after a newspaper reported that it planned to cede control
of 132 premises as part of a financial overhaul, Reuters related
in a separate report.
"No decision has been taken to close any of our homes,"
Mr. Fisher, as cited by Reuters, said in a statement on Friday.
"Our primary concern in this matter remains the welfare of the
residents living in our homes. The financial restructuring will
not affect the provision of quality care in any of our homes," Mr.
Fisher continued, Reuters notes.
As reported by the Troubled Company Reporter-Europe on June 13,
2011, The Financial Times said landlords were unimpressed by
Southern Cross's proposed 30% rental cut, and have grown
increasingly frustrated with their tenant's refusal to set out a
long-term plan that is acceptable to them.
Southern Cross Healthcare provides residential and nursing care to
more than 31,000 residents cared for by 45,000 staff in 750
locations. It also operates homes that specialize in treating
people with dementia, mental health problems and learning
disabilities.
SOUTHERN CROSS: Seeks to Put Off Critical Test of Finances
----------------------------------------------------------
Geoff Ho and Tracey Boles at express.co.uk report that Southern
Cross Healthcare is set to ask its lenders for more breathing
space by putting off a critical test of its finances. The plea
for a reprieve comes as the prospects of Southern Cross collapsing
into administration increases, according to express.co.uk.
Lloyds Banking Group and Barclays are due to run the rule over
Southern Cross's finances at the end of the month, to see if it is
likely to breach its borrowing terms, according to express.co.uk.
However, sources said the firm will ask the banks to put off the
debt covenant test as soon as this week, the report relates.
express.co.uk notes that the chances of Southern Cross staying
solvent are fading. The healthcare firm is said to be looking at
shedding 132 of its 752 care homes.
The firm's management has already looked at the possibility of
administration and two of its landlords, Four Seasons and
Bondcare, are understood to have devised a plan to put the firm
into administration by the end of the month, express.co.uk says.
A meeting is planned for June 12, where all 80 landlords will be
represented. The landlords, according to express.co.uk, hope to
finalize their proposals for the company including Government
assistance at the meeting before presenting them to the Government
and Southern Cross on June 15.
Southern Cross is looking at plans to surrender control of 132
care homes as part of a financial restructuring package aimed at
saving the struggling group, express.co.uk discloses.
Southern Cross Healthcare provides residential and nursing care to
more than 31,000 residents cared for by 45,000 staff in 750
locations. Its also operates homes that specialize in treating
people with dementia, mental health problems and learning
disabilities.
STEELTECH LTD: Owner Puts 28-Year Old Steel Firm in Liquidation
---------------------------------------------------------------
Alison Stephenson at Tavistock Times Gazette reports that Bill
Phillott, owner of Steeltech Ltd, decided last week to put his
28-year-old steel fabrication firm into liquidation.
The Tavistock Times relates that Mr. Phillott closed down
Steeltech, located at Pitts Cleave Industrial Estate, following a
tough two-year period, which has seen usage of steel drop by
half.
STYLE RETAIL: Goes Into Administration, Places 1,000 Jobs at Risk
-----------------------------------------------------------------
Belfast Telegraph reports that Style Retail has gone into
administration putting 1000 jobs at risk.
Style Retail has appointed RSM Tenon as administrator after
becoming the latest victim of the tough retail environment,
according to Belfast Telegraph. The report relates that joint-
administrator Simon Bonney said the business will continue to
trade as normal for the immediate future while a buyer is sought.
However, some of the stores are expected to close in coming weeks,
in line with the previous management's plans.
Belfast Telegraph notes that there have been reports that a
private equity firm could rescue the company, saving at least some
of the 1,068 jobs.
Style Retail, based in Altrincham, Greater Manchester, was formed
from the remnants of the Ethel Austin fashion chain, which
collapsed in March 2010.
TALENTNATION PLC: Placed in Provisional Liquidation
---------------------------------------------------
The Drum reports that Scottish Enterprise has successfully
petitioned the courts to have a provisional liquidator appointed
to TalentNation PLC, a company in which it invested GBP1 million
in December 2009.
The Drum relates that the economic regeneration body said it was
forced to make the move because of concerns about the financial
affairs and governance of TalentNation.
The online operation, which was set up by former Daily Record
director and Sun Scottish editor Steve Sampson, is also the
subject of court action from ex-staff including former Olympic
Athlete Brian Whittle, according to The Drum.
"We have had grave concerns in relation to the affairs of the
company for some time. After substantial investigation and
professional advice, we feel we have no choice but to ask the
Court to appoint a liquidator to take all appropriate action in
the interests of the taxpayer and those dealing with the company,"
The Drum quotes a Scottish Enterprise spokesperson as saying.
"Pursuing this court action is unprecedented for Scottish
Enterprise. It is not a decision which we have taken lightly and
comes after several unsuccessful attempts to resolve matters
through more conventional routes," the Scottish Enterprise
spokesperson said.
The Drum discloses that Scottish Enterprise invested the money for
a 20% stake in the TalentNation organisation as part of a GBP2.6
million funding round. However, within weeks, TalentNation had
stopped paying staff, leading to the court actions and employment
tribunals as well as questions about what had happened to the
money, The Drum relates, citing former insiders.
TalentNation PLC operates an online business. The Web site aims
to combine the best in social networking with a safe way of
allowing talented youngsters to upload sports videos of themselves
in the hope of being spotted by talent scouts. Its revenue model
was to be based on advertising and sponsorship.
The company was registered in 2007, but has not filed accounts for
two years. For the year to October 2008, the company has clocked
up losses of around GBP500,000, according to The Drum.
THE BOTTOM LINE: Mainline Acquires Firm Out of Administration
-------------------------------------------------------------
Mobile Today reports that Mainline bought b2b dealer The Bottom
Line in an eleventh hour bid to prevent the company from going
under.
Mainline went into administration on May 18, 2011, and was bought
the following week in a pre-pack administration deal by Mobilise
Telecoms, a company set up by Mainline chief executive Andrew
Boden, according to Mobile Today.
Mobile Today notes that The Bottom Line had been struggling to
repay debts of over GBP500,000, the bulk of which were owed to
Mainline. In August last year, the unit set up a Company
Voluntary Arrangement (CVA) with its creditors to repay its debts
in regular payments over a six-year period, Mobile Today relates.
However, it struggled to meet the scheduled payments after
suffering a number of bad debts, Mobile Today related, citing
Begbies Traynor, the administrators appointed to set up the CVA.
Mobile Today notes the company's failure closely follows the
liquidation of Geko Direct. At that time, Mainline revealed it
had invested 'a considerable six-figure sum' in the company,
Mobile Today says.
Mobile Today adds that Mainline stressed that the purchase of The
Bottom Line and the creation of Mobilise Telecoms were not linked
in any way to Geko's demise.
The Bottom Line is a Crewe-based company.
VISIT LONDON: Creditors Could Fund GBP7 Million Pension Deficit
---------------------------------------------------------------
meetpie.com reports that Visit London administrator Cork Gully
confirmed that, as things currently stand, trade creditors will
only receive in the region of just 35-45 pence in the pound
because the firm's assets will be distributed equally between all
liabilities including the pension fund.
Visit London was placed in administration on April 1 after London
& Partners, the new agency designed to replace it by the Greater
London Authority, decided it could not take on its pension
liabilities, according to meetpie.com. The report relates that
the company owed trade creditors more than GBP2.5 million and with
pension liabilities of GBP7 million.
meetpie.com notes that the Mayor's Office is in talks with the
Pension Protection Fund (PPF) to see if it will pick up a greater
share of the liability and allow more cash to be distributed to
trade creditors.
The responsibility for the GBP7 million deficit would fall on the
PPF, which provides compensation when companies go into
administration and there are insufficient assets, meetpie.com
relates. But the Visit London Pensioners Action Group (VLPAG)
does not want the PPF to pick up the tab as the fund only pays 90%
compensation to people below their scheme's normal pension age,
meetpie.com says.
meetpie.com discloses that Visit London owes:
* GBP444,000 to the Central Office of Information Communications,
* GBP423,000 to MCI Switzerland,
* GBP150,000 to VisitBritain,
* more than GBP36,000 to the organiser of the Best of Britain and
Ireland travel trade forum, BoB Events,
* GBP60,000 to low cost airline Ryanair,
* GBP30,000 to ICC London ExCeL, and
* GBP21,000 to a consultancy firm that advises on how to market
to gay people.
The next creditor's meeting will take place on Monday, June 20.
Visit London is the UK's former promotional and tourism agency.
===============
X X X X X X X X
===============
* Large Companies with Insolvent Balance Sheets
-----------------------------------------------
Total
Shareholders Total
Equity Assets
Company Ticker (US$) (US$)
------- ------ ------ ------
AUSTRIA
-------
CHRIST WATER TEC CWT PZ -5754285.054 165995618.1
CHRIST WATER TEC CWT EU -5754285.054 165995618.1
CHRIST WATER TEC CWT EO -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 8131204Q GR -5754285.054 165995618.1
CHRIST WATER TEC CWTE IX -5754285.054 165995618.1
CHRIST WATER-ADR CRSWY US -5754285.054 165995618.1
KA FINANZ AG 3730Z AV -359597349.9 30679270533
BELGIUM
-------
ANTWERP GATEWAY 496769Z BB -32782691.86 277992457.9
BALTA SARL 3679528Z BB -213655263.9 956320938.3
BNP PARIBAS PERS 3746820Z BB -772235.6749 1849392464
CARGILL OIL PACK 3726474Z BB -7488366.268 169328054
COMPAGIMMOBDU BR 3727538Z BB -5867835.156 164809982.4
EON BELGIUM NV 3730258Z BB -8101077.851 251156828.9
ESKO-GRAPHICS NV 4787937Z BB -6715619.333 185307390
EXPLORER NV 4289181Z BB -11594573.86 281605390.1
FINANCIETOREN NV 3729210Z BB -51909129.52 888377024.7
IRUS ZWEIBRUCKEN 3738979Z BB -17020632.96 106188034.9
KIA MOTORS BELGI 3729658Z BB -84207043.53 162372182.7
KOREAN MOTOR CO 4161341Z BB -6368236.209 149093852.6
LE FOYER BRUXELL 3729226Z BB -2010007.275 146190935.1
PETROPLUS REFINI 3431339Z BB -4108700.351 123751460.5
SAPPI EUROPE SA 3732894Z BB -134605597.7 160456915
SCARLET BELGIUM 4171157Z BB -28951978.94 137456538.4
SCARLETT BUSINES 3724850Z BB -71847152.77 130053838
SOCIETE NATIONAL 3726762Z BB -39045394.16 506987115.6
ST GOBAIN SEKURI 3737571Z BB -5584181.048 111065610.4
TI GROUP AUTOMOT 3903298Z BB -42078648.86 140322030.3
UNIVERSAL MUSIC 3738307Z BB -12191533.66 143700285.8
CYPRUS
------
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 LHGCYP EO -39648682.41 209021322.6
LIBRA HOLIDAYS LHGCYP EU -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG CY -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG EU -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG EO -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 CDP EX -89435858.16 192305153
CKD PRAHA HLDG CKDH CP -89435858.16 192305153
CKD PRAHA HLDG 297687Q GR -89435858.16 192305153
CKD PRAHA HLDG CKDH US -89435858.16 192305153
CKD PRAHA HLDG CKDPF US -89435858.16 192305153
CSA AS 1000Z CP -127978073.4 432492914
DENMARK
-------
AB-B NEW ABBN DC -101428498.9 298588010.2
AKADEMISK BOLDK ABB DC -101428498.9 298588010.2
BRIGHTPOINT EURO 4506883Z DC -18616347.98 189113937.7
CARLSBERG IT A/S 4503891Z DC -47250912.74 105417004.1
GREEN WIND ENERG G7W1 GR -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EU -11320362.72 176234029.6
GREEN WIND ENERG GW EU -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EO -11320362.72 176234029.6
GREEN WIND ENERG GW BY -11320362.72 176234029.6
GREEN WIND ENERG GW EO -11320362.72 176234029.6
GREEN WIND ENERG GW DC -11320362.72 176234029.6
GREEN WIND ENERG GW PZ -11320362.72 176234029.6
GREEN WIND ENERG G7W GR -11320362.72 176234029.6
HOLDINGSELSKABET BOHC IX -11320362.72 176234029.6
HOLDINGSELSKABET BODIL DC -11320362.72 176234029.6
ISS GLOBAL A/S 241863Z DC -9544026.554 7765217403
LAURITZEN TANKER 3979732Z DC -4428758.299 209128194.8
NATURGAS FYN DIS 3984844Z DC -2862743.662 194651527
NESTLE DANMARK A 3896690Z DC -31272771.75 160779148
OBTEC OBT DC -17033505.31 153701216.6
OBTEC OBTEC DC -17033505.31 153701216.6
OBTEC-NEW SHARES OBTECN DC -17033505.31 153701216.6
OBTEC-OLD OBTN DC -17033505.31 153701216.6
ORESUNDSBRO KONS 1015Z SS -583944155.3 3614975702
OSTERFALLEDPARKE 3985676Z DC -26063679.19 302533679.4
OW SUPPLY & TRAD 3986892Z DC -4299263.6 165798948.6
REITAN SERVICEHA 3984284Z DC -1371178.576 127192706
ROSKILDE BANK ROSK EU -532868840.9 7876687324
ROSKILDE BANK ROSK EO -532868840.9 7876687324
ROSKILDE BANK ROSK DC -532868840.9 7876687324
ROSKILDE BANK ROSKF US -532868840.9 7876687324
ROSKILDE BANK ROSBF US -532868840.9 7876687324
ROSKILDE BANK RKI GR -532868840.9 7876687324
ROSKILDE BANK RSKC IX -532868840.9 7876687324
ROSKILDE BANK ROSK PZ -532868840.9 7876687324
ROSKILDE BANK-RT 916603Q DC -532868840.9 7876687324
ROSKILDE BAN-NEW ROSKN DC -532868840.9 7876687324
ROSKILDE BAN-RTS ROSKT DC -532868840.9 7876687324
SCANDINAVIAN BRA SBS1 EU -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1 BY -17033505.31 153701216.6
SCANDINAVIAN BRA SBSD PZ -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1EUR EU -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1EUR EO -17033505.31 153701216.6
SCANDINAVIAN BRA SBS DC -17033505.31 153701216.6
SCANDINAVIAN BRA SBSC IX -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1 EO -17033505.31 153701216.6
SCHAUMANN PROP SCHAU EO -101428498.9 298588010.2
SCHAUMANN PROP SCHAUEUR EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUEUR EO -101428498.9 298588010.2
SCHAUMANN PROP SCHAU BY -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP DC -101428498.9 298588010.2
SCHAUMANN PROP SCHAU EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP PZ -101428498.9 298588010.2
THOMAS COOK AIRL 3898802Z DC -7865159.883 245287857.5
FRANCE
------
3 SUISSES FRANCE 4724713Z FP -151969329.6 262408720
ACERINOX FRANCE 4748633Z FP -4970414.587 106673210.6
AIR COMMAND SYST 4470055Z FP -6291815.312 178932425.9
AIRCELLE 61830Q FP -482411082.6 1055907987
AKERYS SERVICES 4685937Z FP -8561729.525 141611798.1
ALCATEL-LUCENT E 3642975Z FP -46648079.19 510672247.2
ALCATEL-LUCENT F 3647063Z FP -566942548.5 4810123614
AL-KHATTIYA LEAS 4783713Z FP -8522159.06 132815959.7
ALUMINIUM PECHIN 3650903Z FP -555865265.6 1121216347
ARIANESPACE 211530Z FP -51743991.45 3354710780
ARVINMERITOR CVS 4783681Z FP -37407842.42 114987020.9
ATARI IFOE PZ -10078799.92 116178599
ATARI EUROPE SAS 4503835Z FP -98950211.55 135876466.5
ATARI SA ATANV FP -10078799.92 116178599
ATARI SA ATA EB -10078799.92 116178599
ATARI SA ATA TQ -10078799.92 116178599
ATARI SA IFGA TH -10078799.92 116178599
ATARI SA ATA QM -10078799.92 116178599
ATARI SA ATA EO -10078799.92 116178599
ATARI SA ATA EU -10078799.92 116178599
ATARI SA ATA FP -10078799.92 116178599
ATARI SA ATA S1 -10078799.92 116178599
ATARI SA ATA PZ -10078799.92 116178599
ATARI SA IFGA GR -10078799.92 116178599
ATARI SA ATA BQ -10078799.92 116178599
ATARI-NEW 3715502Q FP -10078799.92 116178599
AUTOMOBILES CITR 3648863Z FP -298695778.9 1879542934
BELVEDERE - RTS 554451Q FP -242409144.5 831869150.8
BELVEDERE - RTS 702036Q FP -242409144.5 831869150.8
BELVEDERE SA BED GR -242409144.5 831869150.8
BELVEDERE SA BVDRF US -242409144.5 831869150.8
BELVEDERE SA BVD EU -242409144.5 831869150.8
BELVEDERE SA BELV NM -242409144.5 831869150.8
BELVEDERE SA BELV FP -242409144.5 831869150.8
BELVEDERE SA BVD PZ -242409144.5 831869150.8
BELVEDERE SA BVD S1 -242409144.5 831869150.8
BELVEDERE SA BEVD IX -242409144.5 831869150.8
BELVEDERE SA BVD FP -242409144.5 831869150.8
BELVEDERE SA BED TH -242409144.5 831869150.8
BELVEDERE SA BVD EO -242409144.5 831869150.8
BELVEDERE SA-NEW BVDNV FP -242409144.5 831869150.8
BELVEDERE SA-NEW 946529Q FP -242409144.5 831869150.8
BELVEDERE SA-NEW 8198283Q FP -242409144.5 831869150.8
BELVEDERE SA-RTS BVDDS FP -242409144.5 831869150.8
BLUESTAR SILICON 4684089Z FP -44931214.32 388699826.4
CADES 211430Z FP -1.32E+11 9983888303
CARREFOUR HYPERM 3897338Z FP -419813693 4772178623
CARREFOUR IMPORT 4519455Z FP -41015523.06 355888577.4
CARRERE GROUP CARF PZ -9829531.944 279906700
CARRERE GROUP CAR FP -9829531.944 279906700
CARRERE GROUP CAR2 EO -9829531.944 279906700
CARRERE GROUP XRR GR -9829531.944 279906700
CARRERE GROUP CRRHF US -9829531.944 279906700
CARRERE GROUP CARG FP -9829531.944 279906700
CARRERE GROUP CRGP IX -9829531.944 279906700
CARRERE GROUP CAR2 EU -9829531.944 279906700
CDISCOUNT 4690913Z FP -92485.81144 331210839.3
CELINE SA 3636031Z FP -6546413.145 108306445
CMA CGM AGENCES 4746849Z FP -7380117.985 187789703.7
CO PETROCHIMIQUE 4682369Z FP -79561628.19 444321642.5
COMPAGNIE IMMOBI CIMB S1 -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB EU -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB EO -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB FP -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB PZ -18851260.64 237751743.8
CONSTRUCTIONS ME 4513671Z FP -52488041.58 342215596.8
CSF 3635887Z FP -66127486.72 3311857250
EADS SECA 4706441Z FP -38679556.91 142045208.8
EDENRED EDNMF US -1395452285 5596512266
EDENRED EDEN S1 -1395452285 5596512266
EDENRED EDEN IX -1395452285 5596512266
EDENRED EDEN EO -1395452285 5596512266
EDENRED EDEN QM -1395452285 5596512266
EDENRED QSV TH -1395452285 5596512266
EDENRED EDEN TQ -1395452285 5596512266
EDENRED EDEN EU -1395452285 5596512266
EDENRED EDEN BQ -1395452285 5596512266
EDENRED EDENUSD EU -1395452285 5596512266
EDENRED EDENUSD EO -1395452285 5596512266
EDENRED QSV GR -1395452285 5596512266
EDENRED EDEN PZ -1395452285 5596512266
EDENRED EDEN EB -1395452285 5596512266
EDENRED EDEN FP -1395452285 5596512266
EDF EN FRANCE 4686529Z FP -4085423.459 508820792.6
EMPAIN GRAHAM DV EMGD FP -18851260.64 237751743.8
FAURECIA SIEGES 4516727Z FP -107383922 418368440.6
FRANFINANCE LOCA 4689993Z FP -69780982.12 1638852912
GCE CAR LEASE 4702065Z FP -15076730.52 127403745.1
GROUPE PROGRES S 4734137Z FP -165060841.9 123458910.5
HP ENTREPRISE SE 4698081Z FP -97546439.37 116383810.4
HUREL-DUBOIS HDUN FP -482411082.6 1055907987
I BASE 757542Z FP -11937366.64 400192956.6
INFOGRAMES - REG IFG EU -10078799.92 116178599
INFOGRAMES - REG IFG FP -10078799.92 116178599
INFOGRAMES - REG IFG TQ -10078799.92 116178599
INFOGRAMES - REG IFG EO -10078799.92 116178599
INFOGRAMES - REG IFOE IX -10078799.92 116178599
INFOGRAMES E-NEW IFGN FP -10078799.92 116178599
INFOGRAMES ENT IFGNR FP -10078799.92 116178599
INFOGRAMES ENT 2986980Q EU -10078799.92 116178599
INFOGRAMES ENT IFG GR -10078799.92 116178599
INFOGRAMES ENT 2986984Q EO -10078799.92 116178599
INFOGRAMES ENT IFGEF US -10078799.92 116178599
INFOGRAMES ENT IFG PZ -10078799.92 116178599
INFOGRAMES ENT IFOY IX -10078799.92 116178599
INFOGRAMES ENTMT IFGRF US -10078799.92 116178599
INFOGRAMES ENTMT IFG VX -10078799.92 116178599
INFOGRAMES- RTS IFGDS FP -10078799.92 116178599
INFOGRAMES-NEW IFGNV FP -10078799.92 116178599
INFOGRAMES-RTS 3133246Q FP -10078799.92 116178599
ING LEASE FRANCE 4699881Z FP -37113844.73 449284947.7
ISOCHEM SA 3540732Z FP -9354435.203 103629611.4
ITM REGION PARIS 4681817Z FP -55189016.54 164350503.2
JACQUOT ET CO 4721473Z FP -25605144.44 101591294.6
JTEKT AUTOMOTIVE 4504595Z FP -3346144.849 163732017.6
JTEKT AUTOMOTIVE 4505819Z FP -14610384.74 211911630
JUNGHEINRICH FIN 4635025Z FP -25640222.02 213268780.2
KEOLIS LYON 4745585Z FP -38514248.01 123798829.1
LABORDE GESTION 4518583Z FP -29334260.26 113954857.8
LENOVO FRANCE SA 4710049Z FP -1944677.438 137134536.2
MECACORP 3248019Z FP -11233087.25 215393216
MILLIMAGES 8131905Q FP -1006050.249 113454378.9
MILLIMAGES MG6 GR -1006050.249 113454378.9
MILLIMAGES MIL FP -1006050.249 113454378.9
MILLIMAGES MIL S1 -1006050.249 113454378.9
MILLIMAGES MIL1 PZ -1006050.249 113454378.9
MILLIMAGES MILI FP -1006050.249 113454378.9
MILLIMAGES MIL1 EU -1006050.249 113454378.9
MILLIMAGES MLIGF US -1006050.249 113454378.9
MILLIMAGES MLMG IX -1006050.249 113454378.9
MILLIMAGES MIL1 EO -1006050.249 113454378.9
MILLIMAGES MILF PZ -1006050.249 113454378.9
MILLIMAGES - RTS MILDS FP -1006050.249 113454378.9
MILLIMAGES-RTS 760037Q FP -1006050.249 113454378.9
MVCI HOLIDAYS FR 4524959Z FP -112193151.3 233381369.4
NESTLE WATERS SU 3634887Z FP -100198554 212766860.3
NESTLE WATERS SU 3634879Z FP -166540192.4 357871830.8
NEXANS COPPER FR 4744809Z FP -17792261.14 230912236.6
NORDEX FRANCE SA 4521679Z FP -6460150.538 206115454.1
NOVELIS FOIL FRA 4678593Z FP -7951381.035 121719315.4
NOVEXEL SA 504169Z FP -362303.7226 107272250.4
NRJ 12 4681713Z FP -26021206.57 110030743.5
OROSDI OROS FP -35006822.54 151870593.9
OROSDI OROS S1 -35006822.54 151870593.9
OROSDI OROS EU -35006822.54 151870593.9
OROSDI OROS PZ -35006822.54 151870593.9
OROSDI OROS EO -35006822.54 151870593.9
OROSDI-BACK BACK IX -35006822.54 151870593.9
OROSDI-BACK ORBA FP -35006822.54 151870593.9
PAGESJAUNES GRP PAJ TQ -2879375517 1159140984
PAGESJAUNES GRP PAJ LI -2879375517 1159140984
PAGESJAUNES GRP QS3 TH -2879375517 1159140984
PAGESJAUNES GRP PAJ IX -2879375517 1159140984
PAGESJAUNES GRP PAJ NQ -2879375517 1159140984
PAGESJAUNES GRP PAJ VX -2879375517 1159140984
PAGESJAUNES GRP PAJ EO -2879375517 1159140984
PAGESJAUNES GRP PAJUSD EU -2879375517 1159140984
PAGESJAUNES GRP PAJ S1 -2879375517 1159140984
PAGESJAUNES GRP PAJGBX EO -2879375517 1159140984
PAGESJAUNES GRP PAJ PZ -2879375517 1159140984
PAGESJAUNES GRP PAJP IX -2879375517 1159140984
PAGESJAUNES GRP PAJGBX EU -2879375517 1159140984
PAGESJAUNES GRP PAJ BQ -2879375517 1159140984
PAGESJAUNES GRP PAJ EU -2879375517 1159140984
PAGESJAUNES GRP PAJ EB -2879375517 1159140984
PAGESJAUNES GRP PAJ FP -2879375517 1159140984
PAGESJAUNES GRP PAJ QM -2879375517 1159140984
PAGESJAUNES GRP PAJ GK -2879375517 1159140984
PAGESJAUNES GRP QS3 GR -2879375517 1159140984
PAGESJAUNES GRP PAJUSD EO -2879375517 1159140984
PAGESJAUNES GRP PGJUF US -2879375517 1159140984
PAGESJAUNES GRP PAJGBP EO -2879375517 1159140984
PEUGEOT CITROEN 3637183Z FP -268215289.1 319403481.8
PITNEY BOWES 4634633Z FP -11785422.82 184422748.8
REGICOM SAS 4507595Z FP -6588558.571 118746498.2
REGIONAL COMPAGN 3635823Z FP -11262048.65 587139828.4
RESEAU FERRE FRA 224063Z FP -1967529685 70147358617
RHODIA SA RHAGBP EO -381974407.2 6805245174
RHODIA SA RHA QM -381974407.2 6805245174
RHODIA SA RHA TQ -381974407.2 6805245174
RHODIA SA RHA PZ -381974407.2 6805245174
RHODIA SA RHAUSD EU -381974407.2 6805245174
RHODIA SA RHA GK -381974407.2 6805245174
RHODIA SA RHA BQ -381974407.2 6805245174
RHODIA SA RHA EU -381974407.2 6805245174
RHODIA SA 2324011Q EU -381974407.2 6805245174
RHODIA SA RHDI TH -381974407.2 6805245174
RHODIA SA RHANR PZ -381974407.2 6805245174
RHODIA SA 2324015Q EO -381974407.2 6805245174
RHODIA SA RHA S1 -381974407.2 6805245174
RHODIA SA RHADF US -381974407.2 6805245174
RHODIA SA RHA EB -381974407.2 6805245174
RHODIA SA RHA FP -381974407.2 6805245174
RHODIA SA RHD GR -381974407.2 6805245174
RHODIA SA RHAUSD EO -381974407.2 6805245174
RHODIA SA RHA IX -381974407.2 6805245174
RHODIA SA 3218857Q IX -381974407.2 6805245174
RHODIA SA RHAY IX -381974407.2 6805245174
RHODIA SA RHA VX -381974407.2 6805245174
RHODIA SA RHAGBX EO -381974407.2 6805245174
RHODIA SA RHA NQ -381974407.2 6805245174
RHODIA SA RHAGBX EU -381974407.2 6805245174
RHODIA SA RHDAF US -381974407.2 6805245174
RHODIA SA RHA EO -381974407.2 6805245174
RHODIA SA RHDI GR -381974407.2 6805245174
RHODIA SA - NEW RHANV FP -381974407.2 6805245174
RHODIA SA - NEW 3506266Q FP -381974407.2 6805245174
RHODIA SA - NEW 3156011Q FP -381974407.2 6805245174
RHODIA SA - NEW 8125782Q FP -381974407.2 6805245174
RHODIA SA - NEW 2335921Q FP -381974407.2 6805245174
RHODIA SA-ADR RHAYY US -381974407.2 6805245174
RHODIA SA-NON RE RHANR FP -381974407.2 6805245174
RHODIA SA-RIGHTS RHADS FP -381974407.2 6805245174
RHODIA SA-RIGHTS 653447Q FP -381974407.2 6805245174
RL INVEST SAS 4700369Z FP -10116500.7 135799857.9
RODIGUEZ GROUP RGX GR -71997955.94 457127473.1
RODRIGUEZ GROUP ROD PZ -71997955.94 457127473.1
RODRIGUEZ GROUP RRGZF US -71997955.94 457127473.1
RODRIGUEZ GROUP ROD S1 -71997955.94 457127473.1
RODRIGUEZ GROUP ROD FP -71997955.94 457127473.1
RODRIGUEZ GROUP ROD EU -71997955.94 457127473.1
RODRIGUEZ GROUP ROD TQ -71997955.94 457127473.1
RODRIGUEZ GROUP ROD BQ -71997955.94 457127473.1
RODRIGUEZ GROUP ROD EO -71997955.94 457127473.1
RODRIGUEZ GROUP RDGP IX -71997955.94 457127473.1
SANDOZ SAS 3635111Z FP -1282402.54 218147098.3
SHEET ANCHOR FRA 4745417Z FP -16938893.1 192023042.9
SIDEL CONVEYING 4715393Z FP -57759126.57 147204049
SIEMENS VAI META 4634441Z FP -20388005.42 327731000.4
SOBIESKI BVD PW -242409144.5 831869150.8
SOC NICOISE REAL 4749097Z FP -1097320.937 110912358
SOCIETE COMMERCI 4516647Z FP -179862008.2 1576030746
SOCIETE D'AGENCE 4741441Z FP -3996843.897 267209404.9
SOCIETE DE CHAUF 4722937Z FP -4377603.343 122968839.4
STORA ENSO CORBE 4697593Z FP -932413.9939 163080772.7
SU3 SAS 4686497Z FP -11118401.88 105002034
TEAM PARTNER-RTS 633323Q FP -13557467.93 129831049
TEAM PARTNER-RTS 2841653Q FP -13557467.93 129831049
TEAM PARTNERS 2347981Q EU -13557467.93 129831049
TEAM PARTNERS TIP PZ -13557467.93 129831049
TEAM PARTNERS TPTRF US -13557467.93 129831049
TEAM PARTNERS 2347985Q EO -13557467.93 129831049
TEAM PARTNERS TIP FP -13557467.93 129831049
TEAM PARTNERS TPGY IX -13557467.93 129831049
TEAM PARTNERS GR TIPNV FP -13557467.93 129831049
TEAM PARTNERS GR TPGP IX -13557467.93 129831049
TEAM PARTNERS GR TPGP PZ -13557467.93 129831049
TEAM PARTNERS GR TIPA EO -13557467.93 129831049
TEAM PARTNERS GR TIPA FP -13557467.93 129831049
TEAM PARTNERS GR TIPDS FP -13557467.93 129831049
TEAM PARTNERS GR TIPA EU -13557467.93 129831049
TEAM PARTNERS-N TIPN FP -13557467.93 129831049
TEMBEC SAINT-GAU 4505331Z FP -31086610.9 134549191.4
TF1 DROITS AUDIO 4693449Z FP -3474598.563 183868113.7
TF1 VIDEO SASU 4516855Z FP -27543205.52 171163653.7
THALES SECURITY 4701729Z FP -152200107.1 872804574
THYSSENKRUPP SOF 4740929Z FP -18052289.45 299682634.2
TRANSOLVER SERVI 4521279Z FP -42555455.72 222111417.8
TREVES 4722153Z FP -4152264.244 390940679.2
TUILERIES FINANC 4701769Z FP -3956839.937 125936634.2
UCALEASE SA 3635807Z FP -1041989.142 150621028.5
VALEO VISION SAS 4518479Z FP -102634627 273699726.4
VISTEON SYSTEMES 4699177Z FP -88538390.04 275246899.5
YVES ST LAURENT/ 4633025Z FP -82897369.68 390343397.3
GEORGIA
-------
DEVELICA DEUTSCH DDE PG -79827494.88 1139643575
DEVELICA DEUTSCH DDE IX -79827494.88 1139643575
DEVELICA DEUTSCH DDE PZ -79827494.88 1139643575
DEVELICA DEUTSCH D4B GR -79827494.88 1139643575
DEVELICA DEUTSCH DDE LN -79827494.88 1139643575
PEARL HOLDING 3622Z LN -133833007.2 968234065.8
GERMANY
-------
AGOR AG DOOD PZ -482449.8788 144432986.2
AGOR AG DOO GR -482449.8788 144432986.2
AGOR AG NDAGF US -482449.8788 144432986.2
AGOR AG DOO EU -482449.8788 144432986.2
AGOR AG DOO EO -482449.8788 144432986.2
AGOR AG DOO S1 -482449.8788 144432986.2
AGOR AG DOOG IX -482449.8788 144432986.2
AGOR AG-RTS 2301918Z GR -482449.8788 144432986.2
ALNO AG ANO EU -73119134.74 198564619.3
ALNO AG ALNO IX -73119134.74 198564619.3
ALNO AG ANO GR -73119134.74 198564619.3
ALNO AG ANO S1 -73119134.74 198564619.3
ALNO AG ANO EO -73119134.74 198564619.3
ALNO AG ANO PZ -73119134.74 198564619.3
ALNO AG ANO TH -73119134.74 198564619.3
ALNO AG - RTS ANO2 GR -73119134.74 198564619.3
ALNO AG-NEW ANO1 GR -73119134.74 198564619.3
ALNO AG-RTS 4123912Z GR -73119134.74 198564619.3
ALNO AG-RTS 8174351Z GR -73119134.74 198564619.3
ALNO AG-RTS 2259765Z GR -73119134.74 198564619.3
ATRONIC INTERNAT 504688Z GR -30668737.79 163495101.6
CBB HOLDING AG COBG PZ -42994818.04 904723627.8
CBB HOLDING AG COB2 EO -42994818.04 904723627.8
CBB HOLDING AG COBG IX -42994818.04 904723627.8
CBB HOLDING AG COB2 EU -42994818.04 904723627.8
CBB HOLDING AG COB GR -42994818.04 904723627.8
CBB HOLDING AG CUBDF US -42994818.04 904723627.8
CBB HOLDING-NEW COB3 GR -42994818.04 904723627.8
CBB HOLDING-NEW COB1 GR -42994818.04 904723627.8
CBB HOLD-NEW 97 COB2 GR -42994818.04 904723627.8
COGNIS GMBH 575202Z GR -745013993.7 3306935972
COGNIS HOLDING G 635952Z GR -1587896974 2850475613
COMPASS GROUP DE 3896530Z GR -45713969.85 408640427.9
DFS DEUTSCHE FLU 1070Z GR -362698323.5 1370382283
EDOB ABWICKLUNGS ESC BQ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC PZ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EU -22323468.51 425598807.8
EDOB ABWICKLUNGS ESCDF US -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC GR -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC TH -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EO -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC TQ -22323468.51 425598807.8
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 EU -22323468.51 425598807.8
ESCADA AG-NEW ESCN EO -22323468.51 425598807.8
ESCADA AG-NEW ESCC GR -22323468.51 425598807.8
ESCADA AG-NEW ESCD GR -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 GR -9612095.264 130075209
GUENTHER & SOHN GUS PZ -9612095.264 130075209
GUENTHER & SOHN GUS EU -9612095.264 130075209
GUENTHER & SOHN GUS EO -9612095.264 130075209
KABEL DEUTSCHLAN KD8USD EU -2162144517 2994909053
KABEL DEUTSCHLAN KD8GBP EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 TH -2162144517 2994909053
KABEL DEUTSCHLAN KD8USD EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EB -2162144517 2994909053
KABEL DEUTSCHLAN KD8 PZ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 BQ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 IX -2162144517 2994909053
KABEL DEUTSCHLAN KBDHF US -2162144517 2994909053
KABEL DEUTSCHLAN KD8 QM -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 GR -2162144517 2994909053
KABEL DEUTSCHLAN KD8 NR -2162144517 2994909053
KABEL DEUTSCHLAN KD8 TQ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EU -2162144517 2994909053
KABEL DEUTSCHLAN KD8 S1 -2162144517 2994909053
KABEL DEUTS-CW10 DB7KWG GR -2162144517 2994909053
KAUFRING AG KFR GR -19296489.56 150995473.8
KAUFRING AG KAUG IX -19296489.56 150995473.8
KAUFRING AG KFR EO -19296489.56 150995473.8
KAUFRING AG KFR EU -19296489.56 150995473.8
KAUFRING AG KFR PZ -19296489.56 150995473.8
MAERKLIN 730904Z GR -8321071.921 115821977.5
MANIA TECHNOLOGI MNI GR -35060809.35 107465713.6
MANIA TECHNOLOGI MNI S1 -35060809.35 107465713.6
MANIA TECHNOLOGI MNI NM -35060809.35 107465713.6
MANIA TECHNOLOGI MNI PZ -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
MANIA TECHNOLOGI MNI1 EU -35060809.35 107465713.6
MANIA TECHNOLOGI MIAVF US -35060809.35 107465713.6
MANIA TECHNOLOGI MNI1 EO -35060809.35 107465713.6
MATERNUS KLINI-N MAK1 GR -15243503.87 167434744.6
MATERNUS-KLINIKE MAKG IX -15243503.87 167434744.6
MATERNUS-KLINIKE MAK TH -15243503.87 167434744.6
MATERNUS-KLINIKE MAK S1 -15243503.87 167434744.6
MATERNUS-KLINIKE MAK GR -15243503.87 167434744.6
MATERNUS-KLINIKE MAK EO -15243503.87 167434744.6
MATERNUS-KLINIKE MNUKF US -15243503.87 167434744.6
MATERNUS-KLINIKE MAK PZ -15243503.87 167434744.6
MATERNUS-KLINIKE MAK EU -15243503.87 167434744.6
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
NORDSEE AG 533061Q GR -8200551.142 194616922.6
PRIMACOM AG PRC2 GR -18656751.16 610380925.7
PRIMACOM AG PCAGF US -18656751.16 610380925.7
PRIMACOM AG PRCG PZ -18656751.16 610380925.7
PRIMACOM AG PRC NM -18656751.16 610380925.7
PRIMACOM AG PRC S1 -18656751.16 610380925.7
PRIMACOM AG PRCG IX -18656751.16 610380925.7
PRIMACOM AG PRC GR -18656751.16 610380925.7
PRIMACOM AG PRC EU -18656751.16 610380925.7
PRIMACOM AG PRC TH -18656751.16 610380925.7
PRIMACOM AG PRC EO -18656751.16 610380925.7
PRIMACOM AG-ADR PCAG US -18656751.16 610380925.7
PRIMACOM AG-ADR PCAGY US -18656751.16 610380925.7
PRIMACOM AG-ADR+ PCAG ES -18656751.16 610380925.7
RAG ABWICKL-REG RSTHF US -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 ROSG PZ -1744124.2 217776125.8
RAG ABWICKL-REG ROS1 EU -1744124.2 217776125.8
RINOL AG RILB GR -1.171602 168095049.1
RINOL AG RILB EO -1.171602 168095049.1
RINOL AG RILB EU -1.171602 168095049.1
RINOL AG RNLAF US -1.171602 168095049.1
RINOL AG RILB S1 -1.171602 168095049.1
RINOL AG RILB IX -1.171602 168095049.1
RINOL AG RIL GR -1.171602 168095049.1
RINOL AG RILB PZ -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
TA TRIUMPH-ACQ TWNA EU -124531131.9 313411495.3
TA TRIUMPH-ACQ TWNA GR -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN PZ -124531131.9 313411495.3
TA TRIUMPH-ADLER TWNG IX -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN EO -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN EU -124531131.9 313411495.3
TA TRIUMPH-ADLER TTZAF US -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN GR -124531131.9 313411495.3
TA TRIUMPH-A-RTS 1018916Z GR -124531131.9 313411495.3
TA TRIUMPH-NEW TWN1 GR -124531131.9 313411495.3
TA TRIUMPH-RT TWN8 GR -124531131.9 313411495.3
TA TRIUMPH-RTS 3158577Q GR -124531131.9 313411495.3
UNITYMEDIA GMBH 560459Z GR -270220797.7 5970190663
GREECE
------
AG PETZETAKIS SA PETZK GA -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EU -110812812.5 206429374.1
AG PETZETAKIS SA PTZ1 GR -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EO -110812812.5 206429374.1
AG PETZETAKIS SA PZETF US -110812812.5 206429374.1
AG PETZETAKIS SA PTZ GR -110812812.5 206429374.1
AG PETZETAKIS SA PETZK PZ -110812812.5 206429374.1
ASPIS PRONIA GE ASASK EO -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 AISQF US -189908329.1 896537349.7
ASPIS PRONIA GE ASASK PZ -189908329.1 896537349.7
ASPIS PRONIA -PF ASAPR GA -189908329.1 896537349.7
ASPIS PRONIA-PF ASASP GA -189908329.1 896537349.7
ASPIS PRONIA-PF APGV GR -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 ATLA1 EU -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EO -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA PZ -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA GA -76261648.16 315891294.2
HELLAS ONLINE SA BRAIN EU -4430063.774 511329902.7
HELLAS ONLINE SA UN5 GR -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN PZ -4430063.774 511329902.7
HELLAS ONLINE SA HOLR GA -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN GA -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN EO -4430063.774 511329902.7
HELLAS ONLINE SA HOL GA -4430063.774 511329902.7
KATSELIS SON-P R KATPD GA -25687516.15 172013976.2
KATSELIS SONS-PF KATSP GA -25687516.15 172013976.2
KATSELIS SONS-RT KATKD GA -25687516.15 172013976.2
KOUMBAS INSUR-RT KOUMD GA -75721751.36 117427553
KOUMBAS RTS KOUMR GA -75721751.36 117427553
KOUMBAS SYNERGY KOUMF US -75721751.36 117427553
KOUMBAS SYNERGY KOUM GA -75721751.36 117427553
KOUMBAS SYNERGY KOUM EO -75721751.36 117427553
KOUMBAS SYNERGY KOUM EU -75721751.36 117427553
KOUMBAS SYNERGY KOUM PZ -75721751.36 117427553
MAILLIS MLISF US -32997634.63 450971683.2
MAILLIS -RTS MAIKR GA -32997634.63 450971683.2
MAILLIS-SPON ADR MJMSY US -32997634.63 450971683.2
MJ MAILLIS S.A. MJL GR -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK EO -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK EU -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK PZ -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK GA -32997634.63 450971683.2
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. KATSK GA -25687516.15 172013976.2
NUTRIART S.A. KTSEF US -25687516.15 172013976.2
NUTRIART SA KATSK PZ -25687516.15 172013976.2
NUTRIART SA NUTRIART GA -25687516.15 172013976.2
NUTRIART SA KATSK EO -25687516.15 172013976.2
NUTRIART SA KATSK EU -25687516.15 172013976.2
NUTRIART-RTS 3411089Q GA -25687516.15 172013976.2
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
UNITED TEXTILES NAOYK GA -163114842.1 286539436.9
UNITED TEXTILES UTEX GA -163114842.1 286539436.9
UNITED TEXTILES NAOSF US -163114842.1 286539436.9
UNITED TEXTILES UTEX PZ -163114842.1 286539436.9
UNITED TEXTILES UTEX EU -163114842.1 286539436.9
UNITED TEXTILES NML1 GR -163114842.1 286539436.9
UNITED TEXTILES UTEX EO -163114842.1 286539436.9
HUNGARY
-------
HUNGARIAN TELEPH HUGC IX -73723992 827192000
HUNGARIAN TELEPH HUC EX -73723992 827192000
INVITEL HOLD-ADR INVHY US -73723992 827192000
INVITEL HOLD-ADR IHO US -73723992 827192000
INVITEL HOLD-ADR 0IN GR -73723992 827192000
INVITEL HOLDINGS 3212873Z HB -73723992 827192000
OT OPTIMA TELEKO 2299892Z CZ -83005841.81 114547056.6
OT-OPTIMA TELEKO OPTERA CZ -83005841.81 114547056.6
ICELAND
-------
AVION GROUP B1Q GR -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EU -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EO -223780368 2277882368
EIMSKIPAFELAG HF AVION IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EU -223780368 2277882368
EIMSKIPAFELAG HF HFEIM IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EO -223780368 2277882368
EIMSKIPAFELAG HF HFEIM PZ -223780368 2277882368
IRELAND
-------
ACS AIRCRAFT FIN 4491555Z ID -23037147.35 130480079.7
AEGON GLOBAL INS 646937Z ID -154161392 4095368960
AIRPLANES FINANC 4460505Z ID -409209710.7 271483850.7
AIRPLANES HOLDIN 4461857Z ID -11914729314 926979003.1
ALECTRA FINANCE 4505075Z ID -1989626.617 1906282726
ARCADE PROPERTY 4461121Z ID -271759845.9 854806905.5
ARDAGH GLASS FIN 3489820Z ID -425719878.1 5124811840
BIRCHFORD INVEST 3802508Z ID -16642154.58 213363186.2
BOSPHORUS CAPITA 3807620Z ID -547691.4495 119473277.7
CAMBER 4 PLC 3807980Z ID -568246202.1 358571055.8
CAPEL DEVELOPMEN 3813016Z ID -54774206.54 118764190.8
CARRICKMINES MAN 3799108Z ID -1594145.025 116839693.5
CELTIC ROADS GRO 4527583Z ID -5475772.455 178943648.9
COMMUNICORP GROU 1027859Z ID -20885498.48 307073603.1
CONOCOPHILLIPS I 4526671Z ID -215725943.4 369716179.9
CONOCOPHILLIPS W 3894318Z ID -182259475.6 264157541.2
DEPFA IRELAND HO 4458641Z ID -7759253.483 392619649.6
DEVONDALE LTD 4290189Z ID -20812563.17 187190412.1
DUOMO FUNDING PL 4462513Z ID -805845.5444 1772244292
ELLERSTON GEMS O 4781417Z ID -4056787.085 195869209.7
EQUANT NETWORK S 4462057Z ID -135695147.2 315888703.9
ERC IRELAND PREF 3687845Z ID -692655112.5 7282011141
EURCO FINANCE 3799980Z ID -48643223.1 679126971.7
FOL INTERNATIONA 4513251Z ID -43457938.48 343547754.8
FORTIS PROPRIETA 4781289Z ID -1335113419 6891744243
FRESHWATER FINAN 699575Z ID -251700725.1 1588010523
FRUIT OF THE LOO 4459361Z ID -96376389.16 391436785
GENERAL FINANCE 3807584Z ID -3451729.765 140460867
GS MULTI-CURRENC 4780921Z ID -218031502.7 1766463253
HELSINGOR LTD 3814256Z ID -964944.8669 123961503.3
JAMES HARDIE IND HAH NZ -450100000 1971800064
JAMES HARDIE IND 600241Q GR -450100000 1971800064
JAMES HARDIE IND HAH AU -450100000 1971800064
JAMES HARDIE IND 726824Z NA -450100000 1971800064
JAMES HARDIE NV JHXCC AU -450100000 1971800064
JAMES HARDIE-ADR JHINY US -450100000 1971800064
JAMES HARDIE-ADR JHX US -450100000 1971800064
JAMES HARDIE-CDI JHIUF US -450100000 1971800064
JAMES HARDIE-CDI JHX AU -450100000 1971800064
JAMES HARDIE-CDI JHA GR -450100000 1971800064
JAMES HARDIE-CDI JHA TH -450100000 1971800064
LCH EUROPEAN POR 3809212Z ID -91665071.77 296022574.1
LTR FINANCE NO 8 3816616Z ID -15113152.02 537522513
MAINAU FUNDING L 4460161Z ID -216846138.8 1309830017
MCINERNEY HLDGS MK9C PZ -137972148.5 304108432.2
MCINERNEY HLDGS MCI PO -137972148.5 304108432.2
MCINERNEY HLDGS MK9 GR -137972148.5 304108432.2
MCINERNEY HLDGS MCI IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI ID -137972148.5 304108432.2
MCINERNEY HLDGS MCI LN -137972148.5 304108432.2
MCINERNEY HLDGS MCI VX -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBP EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI EU -137972148.5 304108432.2
MCINERNEY HLDGS MK9 PO -137972148.5 304108432.2
MCINERNEY HLDGS MCII IX -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EO -137972148.5 304108432.2
MCINERNEY HLDGS MNEYF US -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EU -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 ID -137972148.5 304108432.2
MCINERNEY -RT FP MCIF LN -137972148.5 304108432.2
MCINERNEY -RT NP MCIN ID -137972148.5 304108432.2
MCINERNEY -RT NP MCIN LN -137972148.5 304108432.2
MCINERNEY-ADR MNEYY US -137972148.5 304108432.2
NOVELL IRELAND S 3632507Z ID -26753771.46 278570269.2
PAYZONE PLC PAYZ EU -138030903.2 510010035.3
PAYZONE PLC PAYZ LN -138030903.2 510010035.3
PAYZONE PLC PAYZ IX -138030903.2 510010035.3
PAYZONE PLC 4P6 GR -138030903.2 510010035.3
PAYZONE PLC PAYZ PG -138030903.2 510010035.3
PAYZONE PLC PAYZ PZ -138030903.2 510010035.3
PAYZONE PLC PAYZ EO -138030903.2 510010035.3
PENNYGOLD TRADIN 4459561Z ID -77668624.17 1296718702
PROVIDENCE RESOU PVDRF US -31729163.16 134629066.1
PROVIDENCE RESOU PRP PG -31729163.16 134629066.1
PROVIDENCE RESOU PRR IX -31729163.16 134629066.1
PROVIDENCE RESOU PRP PZ -31729163.16 134629066.1
PROVIDENCE RESOU 3660853Q IX -31729163.16 134629066.1
PROVIDENCE RESOU PRPGBP EO -31729163.16 134629066.1
PROVIDENCE RESOU PRP EU -31729163.16 134629066.1
PROVIDENCE RESOU PRP ID -31729163.16 134629066.1
PROVIDENCE RESOU PZQ PO -31729163.16 134629066.1
PROVIDENCE RESOU PRP EO -31729163.16 134629066.1
PROVIDENCE RESOU PVR LN -31729163.16 134629066.1
PROVIDENCE RE-UT PZQ GR -31729163.16 134629066.1
PROVIDENCE-F/P PRPF ID -31729163.16 134629066.1
PROVIDENCE-N/P PRPN ID -31729163.16 134629066.1
RELIANCE FLAG TE 4511819Z ID -159697376.3 246001416.2
RHATIGAN COMMERC 3800004Z ID -39741717.89 278421666.4
RSA SECURITY IRE 3816252Z ID -1896032.195 131465362.8
SALOME FUNDING P 747246Z ID -1780227.756 2390329099
SCHWARZ PHARMA L 626603Z ID -526134390.5 385006654.6
SENSORMATIC EURO 4524375Z ID -19479895.67 105183548.8
SHENDA IRELAND L 4781889Z ID -56704637.63 284795299.1
STRATUS TECHNOLO 4290381Z ID -91695882.47 143373676
SUSQUEHANNA EURO 4459081Z ID -1252022268 5765502698
TAKEDA PHARMA IR 4460049Z ID -553964898.1 178556098.5
THIRD BELFRY PRO 3817252Z ID -1737958.351 208828916.9
UDARAS EITLIOCHT 4461649Z ID -38554945.52 228382904.9
UPC BROADBAND IR 3633179Z ID -199665756.1 699692511.4
VIRIDIAN ENERGY 4462489Z ID -41409800.11 209871994.6
WARNER CHILCOT-A WCRX US -62817000 5154945024
WARNER CHILCOT-A G3LA TH -62817000 5154945024
WARNER CHILCOT-A G3LA GR -62817000 5154945024
WARNER CHILCOT-A G3L GR -62817000 5154945024
WATERFORD - RTS WWWA GR -505729895.2 820803256
WATERFORD - RTS 508523Q LN -505729895.2 820803256
WATERFORD - RTS 508519Q LN -505729895.2 820803256
WATERFORD - RTS WWWA ID -505729895.2 820803256
WATERFORD - RTS WWWB ID -505729895.2 820803256
WATERFORD - RTS WWWB GR -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 WWWC GR -505729895.2 820803256
WATERFORD WED-RT WWWD GR -505729895.2 820803256
WATERFORD WED-RT WTFR LN -505729895.2 820803256
WATERFORD WED-RT 586556Q LN -505729895.2 820803256
WATERFORD WED-RT 586552Q LN -505729895.2 820803256
WATERFORD WED-RT WWWC ID -505729895.2 820803256
WATERFORD WED-RT WWWD ID -505729895.2 820803256
WATERFORD WED-UT WTFU ID -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 EU -505729895.2 820803256
WATERFORD WED-UT WTFU EO -505729895.2 820803256
WATERFORD WED-UT WTFU VX -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EO -505729895.2 820803256
WATERFORD WED-UT WTFU EU -505729895.2 820803256
WATERFORD WED-UT WTFU PO -505729895.2 820803256
WATERFORD WED-UT WWW GR -505729895.2 820803256
WATERFORD WED-UT WTFU IX -505729895.2 820803256
WATERFORD WE-RTS WTFN VX -505729895.2 820803256
WATERFORD WE-RTS WTFF LN -505729895.2 820803256
WATERFORD WE-RTS WTFN LN -505729895.2 820803256
WATERFORD WE-RTS WTFF ID -505729895.2 820803256
WATERFORD WE-RTS WTFN ID -505729895.2 820803256
WATERFORD-ADR UT WATFZ US -505729895.2 820803256
WATERFORD-ADR UT WFWA GR -505729895.2 820803256
WATERFORD-SUB 3001875Z ID -505729895.2 820803256
WOLSELEY IRELAND 3898706Z ID -47443431.51 175225926.3
ITALY
-----
ALCOA TRASFORMAZ 4506523Z IM -200396353.5 504699192.2
AS ROMA SPA ASR IX -37429933.27 183644985.3
AS ROMA SPA ASR EB -37429933.27 183644985.3
AS ROMA SPA ASR EU -37429933.27 183644985.3
AS ROMA SPA ASRAF US -37429933.27 183644985.3
AS ROMA SPA ASR PZ -37429933.27 183644985.3
AS ROMA SPA ASR QM -37429933.27 183644985.3
AS ROMA SPA ASRO IX -37429933.27 183644985.3
AS ROMA SPA ASR IM -37429933.27 183644985.3
AS ROMA SPA ASR EO -37429933.27 183644985.3
AS ROMA SPA ASR TQ -37429933.27 183644985.3
AS ROMA SPA RO9 GR -37429933.27 183644985.3
AS ROMA SPA-RTS ASRAA IM -37429933.27 183644985.3
AUTOMOTIVE LIGHT 3895734Z IM -8797909.782 165588007.5
BECROMAL SPA 3138961Z IM -4638581.798 168296959.8
BIANCHI VENDING 764212Z IM -27419598.89 118828596.1
BMG CASTEL ROMAN 4209433Z IM -1512040.428 241462130.6
CABLELETTRA SPA 4507547Z IM -83494555.41 223468834.1
CANTIERI DI PISA 4313125Z IM -2611908.154 105466953.7
COIN SPA GUCIF US -154057598.5 800526929.5
COIN SPA GC IX -154057598.5 800526929.5
COIN SPA 965089Q GR -154057598.5 800526929.5
COIN SPA/OLD GC IM -154057598.5 800526929.5
COIN SPA-RTS GCAA IM -154057598.5 800526929.5
DEUTSCHE LEASING 4358141Z IM -2304871.115 106694739
DIMA COSTRUZIONI 4526911Z IM -14681477.1 426157772.4
DIMAFIN SPA 2727163Z IM -63237953.95 270856564.4
EDISON INTERNATI 4523583Z IM -6175857.726 2258545505
EQUIPOLYMERS SRL 4224221Z IM -77501046.37 227622587.6
FC INTERNAZIONAL 1185Z IM -39787627.04 610018418.4
FIBE SPA 4472843Z IM -802268.7972 756328770.6
FRECCIA ROSSA SH 4358125Z IM -4519531.292 250706520.3
FUNIVIE FOLGARID 4325137Z IM -3839728.226 199413338.6
GLOBAL GARDEN PR 4499787Z IM -98534475.59 578214151.7
GRUPPO FINI SPA 4514671Z IM -1791897.636 101060963.7
GUERRINO PIVATO 4292565Z IM -41218066.44 397216267.9
I VIAGGI DEL VEN VVE EO -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 DEL VEN VVE PZ -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 EU -209436890.3 202705179.9
I VIAGGI DEL VEN IVGIF US -209436890.3 202705179.9
I VIAGGI-RTS VVEAA IM -209436890.3 202705179.9
INDUSTRIE FINCUO 4270053Z IM -15676157.12 111118283.9
ING PIO GUARALDO 4195305Z IM -6958339.341 198007636
INTERSIDER ACCIA 4268893Z IM -5355062.509 156885353.6
INTRALOT ITALIA 2884343Z IM -7911067.965 111516758.1
IP MAESTRALE 4 S 4407001Z IM -1364553.628 613867867.9
IRISBUS ITALIA S 3895718Z IM -4900118.288 227685279.9
JABIL CIRCUIT IT 3631803Z IM -2514205.346 125486527.4
MERIDIANA SPA 1163Z IM -4645217.834 187285866.9
METECNO INDUSTRI 4004204Z IM -5834935.843 135411811
MONTE MARE GRADO 4359985Z IM -535776.0315 100534744.7
MV AGUSTA MOTOR 3898906Z IM -10856011.42 258767112.5
NEXANS ITALIA SP 3636695Z IM -19973174.81 139448244.4
OCV ITALIA SRL 4455649Z IM -7833657.759 212272084.3
OMNIA SERVICE CE 3401139Z IM -9159816.788 165737571.5
PARMALAT FINANZI PAF GR -18419396969 4120687886
PARMALAT FINANZI PMLFF US -18419396969 4120687886
PARMALAT FINANZI PARAF US -18419396969 4120687886
PARMALAT FINANZI PRFI VX -18419396969 4120687886
PARMALAT FINANZI PRF IM -18419396969 4120687886
PARMALAT FINANZI PMT LI -18419396969 4120687886
PARMALAT FINANZI FICN AV -18419396969 4120687886
PARMALAT FINA-RT PRFR AV -18419396969 4120687886
PLASTIC COMPONEN 4489891Z IM -4874668.899 477291693.5
RISANAMEN-RNC OP RNROPA IM -201736420 3007075334
RISANAMENTO -OPA RNOPA IM -201736420 3007075334
RISANAMENTO -RNC RNR IM -201736420 3007075334
RISANAMENTO SPA RNGBX EU -201736420 3007075334
RISANAMENTO SPA RN EO -201736420 3007075334
RISANAMENTO SPA RN TQ -201736420 3007075334
RISANAMENTO SPA RN IX -201736420 3007075334
RISANAMENTO SPA RN PZ -201736420 3007075334
RISANAMENTO SPA RN EU -201736420 3007075334
RISANAMENTO SPA RSMNF US -201736420 3007075334
RISANAMENTO SPA RN5 GR -201736420 3007075334
RISANAMENTO SPA RNGBP EO -201736420 3007075334
RISANAMENTO SPA RNGBX EO -201736420 3007075334
RISANAMENTO SPA RN IM -201736420 3007075334
RISANAMENTO-RTS RNAXA IM -201736420 3007075334
RISANAMENTO-RTS RNAXO IM -201736420 3007075334
RISANAMENTO-RTS RNAA IM -201736420 3007075334
SD SICILIA DISCO 4346005Z IM -57205.25336 162107130.8
SNIA BPD SN GR -141933895.2 150445252.4
SNIA BPD-ADR SBPDY US -141933895.2 150445252.4
SNIA SPA SNIXF US -141933895.2 150445252.4
SNIA SPA SN EO -141933895.2 150445252.4
SNIA SPA SBPDF US -141933895.2 150445252.4
SNIA SPA SN TQ -141933895.2 150445252.4
SNIA SPA SIAI IX -141933895.2 150445252.4
SNIA SPA SNIB GR -141933895.2 150445252.4
SNIA SPA SN EU -141933895.2 150445252.4
SNIA SPA SN IM -141933895.2 150445252.4
SNIA SPA SNIA GR -141933895.2 150445252.4
SNIA SPA SSMLF US -141933895.2 150445252.4
SNIA SPA SIAI PZ -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 SNIWF US -141933895.2 150445252.4
SNIA SPA-RNC SNRNC IM -141933895.2 150445252.4
SNIA SPA-RTS SNAA IM -141933895.2 150445252.4
SNIA SPA-RTS SNSO IM -141933895.2 150445252.4
TISCALI - RTS TISAAW IM -122928118.5 490469420.1
TISCALI - RTS TIQA GR -122928118.5 490469420.1
TISCALI SPA TIQ1 GR -122928118.5 490469420.1
TISCALI SPA TISGBX EU -122928118.5 490469420.1
TISCALI SPA TIS PZ -122928118.5 490469420.1
TISCALI SPA TISN IM -122928118.5 490469420.1
TISCALI SPA TIS NR -122928118.5 490469420.1
TISCALI SPA TIS VX -122928118.5 490469420.1
TISCALI SPA TISN NA -122928118.5 490469420.1
TISCALI SPA TIS EO -122928118.5 490469420.1
TISCALI SPA TIS TQ -122928118.5 490469420.1
TISCALI SPA TIS QM -122928118.5 490469420.1
TISCALI SPA TIS IX -122928118.5 490469420.1
TISCALI SPA TIS NA -122928118.5 490469420.1
TISCALI SPA TIQG IX -122928118.5 490469420.1
TISCALI SPA TIS FP -122928118.5 490469420.1
TISCALI SPA TISGBX EO -122928118.5 490469420.1
TISCALI SPA TSCXF US -122928118.5 490469420.1
TISCALI SPA TIQ GR -122928118.5 490469420.1
TISCALI SPA TISN VX -122928118.5 490469420.1
TISCALI SPA TIS NQ -122928118.5 490469420.1
TISCALI SPA TISM IX -122928118.5 490469420.1
TISCALI SPA TIS IM -122928118.5 490469420.1
TISCALI SPA TIS EU -122928118.5 490469420.1
TISCALI SPA TISN FP -122928118.5 490469420.1
TISCALI SPA TIS EB -122928118.5 490469420.1
TISCALI SPA TISGBP EO -122928118.5 490469420.1
TISCALI SPA TISN IX -122928118.5 490469420.1
TISCALI SPA- RTS 3391621Q GR -122928118.5 490469420.1
TISCALI SPA- RTS TISAXA IM -122928118.5 490469420.1
UPIM SRL 3494031Z IM -24945031.42 495566337.9
VALEO SPA 3897442Z IM -55996.80114 165209720.2
VIA CAVOUR SRL 3997892Z IM -2002622.441 173628397.1
LUXEMBOURG
----------
ARCELORMITTAL FL 3912244Z LX -1024313669 3328008487
INTELSAT ILMA GR -697038976 17592367104
INTELSAT SA 2237Z US -697038976 17592367104
OXEA SARL 3682535Z GR -78371220.13 1013737294
OXEA SARL 3682535Z LX -78371220.13 1013737294
ADAMAR AMSTERDAM 4049157Z NA -8231529.767 119709372
ALFRED C TOEPFER 4062117Z NA -1843317.436 1689194175
APPLIED POWER EU 4035061Z NA -90774.2002 187921627.7
ASITO DIENSTENGR 743813Z NA -2494804.851 220704023.7
NETHERLANDS
-----------
BAAN CO NV-ASSEN BAANA NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN EU -7854715.264 609871188.9
BAAN COMPANY NV BAAVF US -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 BAAN EO -7854715.264 609871188.9
BAAN COMPANY NV BAAN IX -7854715.264 609871188.9
BAAN COMPANY NV BAAN NA -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 GROUP PLC 976811Z NA -469889996.1 5434380129
CEVA LOGISTICS 882197Z NA -310987042.7 5613530996
CLATES HOLDING B 4043429Z NA -34881.25205 221495950.5
COOPERATIE VOEDI 4378105Z NA -274089.6056 748982278.2
EATON ELECTRIC B 2017671Z NA -20487461.22 140357455.7
ELSTA BV 3897218Z NA -2452823.596 284940300.4
EON BENELUX LEVE 4173461Z NA -21561715.64 273422076.5
EUROPEAN MARITIM 4523543Z NA -34803118.05 347300069.4
FERDINAND STINGE 4040837Z NA -64181.50377 1187653657
FONDEL METALS BV 4039013Z NA -2368075.248 110363800.6
GE CAPITAL FUNDI 4489315Z NA -2707532.277 194574148
HAAG WONEN HOLDI 3824276Z NA -137909.3086 144576751.1
HE INVESTMENTS B 3813216Z NA -1780665.857 195483088
HUISVUILCENTRALE 4777713Z NA -29300.25172 1202976227
INFOR GLOBAL SOL 4778481Z NA -421566515.6 436226285
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 -289361638.1 926823456.4
MAAS INTERNATION 4174109Z NA -104625.6021 163961580.9
MSREF ELBA BV 4043045Z NA -89889.60183 584994172.5
MSREF VI KAIROS 4174205Z NA -38313.60078 893956511
NIDERA HANDELSCO 3893886Z NA -614016.7407 1656741217
NORFOLK HOLDINGS 779151Z NA -199512.5928 813430683.8
NV WATERLEIDINGM 4036141Z NA -1727059.235 234972904.6
RHEIN PAPIER HOL 4040349Z NA -2301763.247 1089890804
RIVA NV 3797916Z NA -852952.1165 111411542.1
SITA NEDERLAND B 874216Z NA -312079.8969 2324948031
SPYKER CARS NV SPYKR PZ -154336469.5 1337361332
SPYKER CARS NV SPYK IX -154336469.5 1337361332
SPYKER CARS NV SPYKR QM -154336469.5 1337361332
SPYKER CARS NV SPYKR TQ -154336469.5 1337361332
SPYKER CARS NV SPYKR EU -154336469.5 1337361332
SPYKER CARS NV SPYKR BQ -154336469.5 1337361332
SPYKER CARS NV SPYKR EB -154336469.5 1337361332
SPYKER CARS NV SPYKR EO -154336469.5 1337361332
SPYKER CARS NV SPYKR NA -154336469.5 1337361332
SPYKER CARS NV L9I GR -154336469.5 1337361332
SPYKER CARS NV SPYKF US -154336469.5 1337361332
STICHTING PENSIO 4498027Z NA -19254451.13 566611058.3
STICHTING PENSIO 4489595Z NA -7065546415 43409019837
UNITED PAN -ADR UPEA GR -5505478850 5112616630
UNITED PAN-A ADR UPCOY US -5505478850 5112616630
UNITED PAN-EUR-A UPC LI -5505478850 5112616630
UNITED PAN-EUR-A UPC LN -5505478850 5112616630
UNITED PAN-EUROP UPE1 GR -5505478850 5112616630
UNITED PAN-EUROP UPC VX -5505478850 5112616630
UNITED PAN-EUROP UPCEF US -5505478850 5112616630
UNITED PAN-EUROP UPCOF US -5505478850 5112616630
UPC HOLDING BV 3590264Z NA -12164702941 13901661309
VAN WEELDE BEHEE 4038885Z NA -119995.7037 173030811.6
VOLKERWESSELS BO 4062101Z NA -17683.20036 191596002.3
VWS VERKEER-EN I 4777577Z NA -47438.50279 719093765.2
W2005 W2007 CARN 3824100Z NA -107841645.8 362615031
WE INTERNATIONAL 630199Z NA -1220350.163 1011026941
WILMAR EDIBLE OI 3817520Z NA -3976944.095 218912594.8
WIM BOSMAN HOLDI 3782032Z NA -45372.13742 224136098.5
WONINGSTICHTING 4039389Z NA -430291.2087 1714985995
ZWINGER OPCO 6 B 3821644Z NA -106543158.2 627759193.8
NORWAY
------
AKER BIOMARINE A 4508947Z NO -91258656.74 103294723.7
AKER ELEKTRO AS 4389353Z NO -35218317.7 134077911.8
AKER STORD A/S 4498875Z NO -150475117.7 783619889.1
BKK VARME AS 4445833Z NO -8164053.946 143462133.6
CIA LA GOMERA AS 4401057Z NO -14188999.46 111542577.2
GJENSIDIGE PENSJ 4447089Z NO -706038.7351 834496819.2
HEEGH AUTOLINERS 4389209Z NO -11654362.38 277390994.9
INTEROIL EXPLORA IOXEUR EU -71383000 195320000
INTEROIL EXPLORA IOX NO -71383000 195320000
INTEROIL EXPLORA IOX PZ -71383000 195320000
INTEROIL EXPLORA IOXUSD EO -71383000 195320000
INTEROIL EXPLORA IROIF US -71383000 195320000
INTEROIL EXPLORA IOX EU -71383000 195320000
INTEROIL EXPLORA IOXEUR EO -71383000 195320000
INTEROIL EXPLORA IOX IX -71383000 195320000
INTEROIL EXPLORA INOX NO -71383000 195320000
INTEROIL EXPLORA IOX BY -71383000 195320000
INTEROIL EXPLORA IOX EO -71383000 195320000
INTEROIL EXPLORA IOXUSD EU -71383000 195320000
LIVA BIL LIV NO -4061326.597 116023629.9
MAN LAST OG BUSS 4521719Z NO -7914946.127 134925818.8
MASTER & COMMAND 4443393Z NO -3848.57586 105559612
NCC CONSTRUCTION 4389745Z NO -17444019.96 371204059.2
NCC ROADS AS 4401305Z NO -7603911.224 151509155.9
NORGIPS NORGE AS 4443889Z NO -4188300.148 124517344
NORSK STEIN AS 4394889Z NO -2509971.202 184248999.1
OSLO FORSIKRING 4415089Z NO -6494996.57 158542606
PETRO GEO-SERV 265143Q NO -18066142.21 399710323.6
PETRO GEO-SERV PGS VX -18066142.21 399710323.6
PETRO GEO-SERV PGS GR -18066142.21 399710323.6
PETRO GEO-SERV-N PGSN NO -18066142.21 399710323.6
PETRO GEO-SV-ADR PGOGY US -18066142.21 399710323.6
PETRO GEO-SV-ADR PGSA GR -18066142.21 399710323.6
PETROJACK AS JACK BY -54932000 191586000
PETROJACK AS JACK PZ -54932000 191586000
PETROJACK AS JACKEUR EU -54932000 191586000
PETROJACK AS JACO IX -54932000 191586000
PETROJACK AS P3J GR -54932000 191586000
PETROJACK AS POJKF US -54932000 191586000
PETROJACK AS JACK EO -54932000 191586000
PETROJACK AS JACK EU -54932000 191586000
PETROJACK AS JACKEUR EO -54932000 191586000
PETROJACK AS JACK NO -54932000 191586000
PETROMENA AS PR2 GR -47299000 317747008
PETROMENA AS PMENA PZ -47299000 317747008
PETROMENA AS PMENAEUR EO -47299000 317747008
PETROMENA AS PMENF US -47299000 317747008
PETROMENA AS PMENAEUR EU -47299000 317747008
PETROMENA AS PMENA EO -47299000 317747008
PETROMENA AS PMENA EU -47299000 317747008
PETROMENA AS PMENA NO -47299000 317747008
PETROMENA AS MENA NO -47299000 317747008
PETROMENA AS PMEN IX -47299000 317747008
SECURITAS DIRECT 4394201Z NO -531628.2745 124746344.1
SKRETTING AS 4473771Z NO -3730844.426 499611269.4
STOREBRAND EIEND 4443409Z NO -69476764.19 1408585975
STOREBRAND EIEND 4288341Z NO -236066034.1 4427606061
TDC AS 4287413Z NO -95917885.43 128911202.9
TRICO SHIPPING A 3651167Z NO -132576808.1 504945402.2
TTS SENSE AS 4393841Z NO -30849484.35 107503145.6
UTKILEN SHIPPING 4446161Z NO -2435448.778 205148159.9
VNG NORGE AS 4513147Z NO -44725176.15 280935536.1
POLAND
------
TOORA TOR PW -288818.3897 147004954.2
TOORA 2916661Q EO -288818.3897 147004954.2
TOORA 2916665Q EU -288818.3897 147004954.2
TOORA TOR PZ -288818.3897 147004954.2
TOORA-ALLOT CERT TORA PW -288818.3897 147004954.2
PORTUGAL
--------
AGUAS DO ZEZERE 3646223Z PL -9497007.861 387261027.5
ALBERTO MARTINS 4488947Z PL -26137998.21 126979395.5
CENTRO HOSPITALA 3778196Z PL -45060064.62 149709016.7
CO DAS ENERGIAS 3794880Z PL -2540034.474 115717930.4
COFINA COFI PL -13400332.44 274876811
COFINA COFSI IX -13400332.44 274876811
COFINA CFASF US -13400332.44 274876811
COFINA SGPS SA COFI EO -13400332.44 274876811
COFINA SGPS SA COFI TQ -13400332.44 274876811
COFINA SGPS SA COFI QM -13400332.44 274876811
COFINA SGPS SA CFNX PX -13400332.44 274876811
COFINA SGPS SA CFN PL -13400332.44 274876811
COFINA SGPS SA COFI EB -13400332.44 274876811
COFINA SGPS SA CFN1 PZ -13400332.44 274876811
COFINA SGPS SA COFI EU -13400332.44 274876811
CP - COMBOIOS DE 1005Z PL -3201667702 2260472073
EMPRESA PUBLICA 3646447Z PL -18489638.67 302885151.7
ESTALEIROS NAVAI 4507307Z PL -23829401.88 315386385.8
FERREIRAS & MAGA 4281437Z PL -14115717.84 103226790.2
GALERIA PARQUE N 4772673Z PL -6221557.01 176869350.5
HOSPITAL DE FARO 3789880Z PL -59945072.08 249069905.8
HOSPITAL GARCIA 3773160Z PL -27714243.05 131330191
LOCACAO DE EQUIP 4772329Z PL -1031872.211 425561447.8
LYCATELCOM LDA 4281821Z PL -8577510.562 109410577.8
METRO DO PORTO 4473963Z PL -227787277.2 3216337049
PARQUE DA PAMPIL 4770625Z PL -1932626.439 135631078.1
PARQUE EOLICO DE 4772521Z PL -1450277.362 131706562.9
PORTUGALIA 1008Z PL -4086512.545 263103585.3
RADIO E TELEVISA 1227Z PL -874020727.2 739530129.4
REFER-REDE FERRO 1250Z PL -1817222591 941624235.3
SERVICO DE SAUDE 3790200Z PL -171447869.9 656234458.2
SOCIEDADE DE REN 3776676Z PL -16609193.89 127876798.7
SOCIEDADE DE TRA 1253Z PL -382109051.3 119848180.8
SPORTING CLUBE D SCP1 PZ -65884328.13 251276323.4
SPORTING CLUBE D SCDF EO -65884328.13 251276323.4
SPORTING CLUBE D SCG GR -65884328.13 251276323.4
SPORTING CLUBE D SCP PL -65884328.13 251276323.4
SPORTING CLUBE D SCPX PX -65884328.13 251276323.4
SPORTING CLUBE D SCDF EU -65884328.13 251276323.4
SPORTING-SOC DES SCPL IX -65884328.13 251276323.4
SPORTING-SOC DES SCDF PL -65884328.13 251276323.4
SPORTING-SOC-RTS SCPVS PL -65884328.13 251276323.4
SPORTING-SOC-RTS SCPDS PL -65884328.13 251276323.4
TAP SGPS TAP PL -293253615.6 2901200999
VALE DO LOBO - R 4764257Z PL -19458755.77 553819869.1
VISTA ALEGRE ATL 4281717Z PL -11415079.06 119980938.8
ROMANIA
-------
ARCELORMITTAL PTRO RO -61080024.91 178667412.9
OLTCHIM RM VALCE OLTCF US -89344240.83 511515508.8
OLTCHIM SA RM VA OLT PZ -89344240.83 511515508.8
OLTCHIM SA RM VA OLT RO -89344240.83 511515508.8
OLTCHIM SA RM VA OLT EO -89344240.83 511515508.8
OLTCHIM SA RM VA OLTEUR EU -89344240.83 511515508.8
OLTCHIM SA RM VA OLT EU -89344240.83 511515508.8
OLTCHIM SA RM VA OLTEUR EO -89344240.83 511515508.8
RAFO SA RAF RO -457922310.7 356796459.3
ROMPETROL RAFINA RRC RO -4103436 1885975424
ROMPETROL RAFINA RRC EO -4103436 1885975424
ROMPETROL RAFINA RRC EU -4103436 1885975424
ROMPETROL RAFINA RRCEUR EO -4103436 1885975424
ROMPETROL RAFINA RRCEUR EU -4103436 1885975424
ROMPETROL RAFINA RRC PZ -4103436 1885975424
RUSSIA
------
AKCIONERNOE-BRD SOVP$ RU -79749277.74 135830690.8
ALLIANCE RUSSIAN ALRT RU -13189410.9 138268688.3
AMO ZIL ZILL RM -115900565.7 368611137
AMO ZIL-CLS ZILL* RU -115900565.7 368611137
AMO ZIL-CLS ZILLG RU -115900565.7 368611137
AMO ZIL-CLS ZILL RU -115900565.7 368611137
BUMMASH OJSC-BRD BUMM* RU -8393701.106 181897611.9
BUMMASH OJSC-BRD BUMM RU -8393701.106 181897611.9
DAGESTAN ENERGY DASB RU -41669399.94 184251142.2
DAGESTAN ENERGY DASB RM -41669399.94 184251142.2
DAGESTAN ENERGY DASBG RU -41669399.94 184251142.2
DAGESTAN ENERGY DASB* RU -41669399.94 184251142.2
EAST-SIBERIA-BRD VSNK RU -27891692.64 256817419.9
EAST-SIBERIA-BRD VSNK* RU -27891692.64 256817419.9
EAST-SIBERIAN-BD VSNK$ RU -27891692.64 256817419.9
FINANCIAL LEASIN 137282Z RU -97179352.98 323537045.5
FINANCIAL LEASIN FLKO RM -97179352.98 323537045.5
FINANCIAL LE-BRD FLKO RU -97179352.98 323537045.5
FINANCIAL LE-BRD FLKO* RU -97179352.98 323537045.5
GAZ-FINANS GAZF RU -56134.51262 232319905.4
IZHAVTO OAO IZAV RU -19693756.7 474754687.9
KAMSKAYA GORNAYA 2806239Z RU -527803788.8 1311868884
KOMPANIYA GL-BRD GMST* RU -12705935.35 1168280317
KOMPANIYA GL-BRD GMST RU -12705935.35 1168280317
M-INDUSTRIYA SOMI RU -1091260.252 261721440.8
MZ ARSENAL-$BRD ARSE* RU -17937177.88 215191909
MZ ARSENAL-$BRD ARSE RU -17937177.88 215191909
MZ ARSENAL-BRD ARSE$ RU -17937177.88 215191909
OAO SIBNEFTEGAZ SIGA RU -8733178.141 757597617.2
PENOPLEX-FINANS PNPF RU -754086.9373 140176163.3
PIK GROUP PIKK RM -65334860.95 4000687446
PIK GROUP PIKK* RU -65334860.95 4000687446
PIK GROUP PIKKG RU -65334860.95 4000687446
PIK GROUP PIKK RU -65334860.95 4000687446
PIK GROUP-GDR PIK IX -65334860.95 4000687446
PIK GROUP-GDR PIQ2 GR -65334860.95 4000687446
PIK GROUP-GDR PIK1 EO -65334860.95 4000687446
PIK GROUP-GDR PIK EB -65334860.95 4000687446
PIK GROUP-GDR PIK LI -65334860.95 4000687446
PIK GROUP-GDR PIK1 QM -65334860.95 4000687446
PIK GROUP-GDR PKGPL US -65334860.95 4000687446
PIK GROUP-GDR PIK EU -65334860.95 4000687446
PIK GROUP-GDR PIK TQ -65334860.95 4000687446
PROMTRACTOR-FINA PTRF RU -22844527.96 271197988.2
RUSSIAN TEXT-CLS ALRTG RU -13189410.9 138268688.3
RUSSIAN TEXT-CLS ALRT* RU -13189410.9 138268688.3
RYBINSKKABEL RBKZD RU -8532245.618 108539181.3
SEVKABEL-FINANS SVKF RU -83036.46173 102680373.6
SISTEMA HALS HALS RU -568359936 1210651008
SISTEMA HALS HALS* RU -568359936 1210651008
SISTEMA HALS HALS RM -568359936 1210651008
SISTEMA HALS HALSM RU -568359936 1210651008
SISTEMA HALS HALSG RU -568359936 1210651008
SISTEMA HALS-GDR HALS IX -568359936 1210651008
SISTEMA HALS-GDR HALS LI -568359936 1210651008
SISTEMA HALS-GDR SYR GR -568359936 1210651008
SISTEMA HALS-GDR HALS TQ -568359936 1210651008
SISTEMA-GDR 144A SEMAL US -568359936 1210651008
SISTEMA-GDR 144A 86PN LI -568359936 1210651008
URGALUGOL-BRD YRGL RU -20765964.53 115490879.4
URGALUGOL-BRD YRGL* RU -20765964.53 115490879.4
URGALUGOL-BRD-PF YRGLP RU -20765964.53 115490879.4
VACO-BRD VASO* RU -27108676.04 934073954.9
VACO-BRD VASO RU -27108676.04 934073954.9
VACO-PFD VASOP RU -27108676.04 934073954.9
VACO-PFD VASOP* RU -27108676.04 934073954.9
VASO 1001Q RU -27108676.04 934073954.9
VASO-$ 1002Q RU -27108676.04 934073954.9
VASO-$PFD BRD VASOP$ RU -27108676.04 934073954.9
VASO-Q LIST VASO$ RU -27108676.04 934073954.9
VIMPEL SHIP-BRD SOVP RU -79749277.74 135830690.8
VIMPEL SHIP-BRD SOVP* RU -79749277.74 135830690.8
VOLGOGRAD KHIM VHIM* RU -36728501.72 145195344.9
VOLGOGRAD KHIM VHIM RU -36728501.72 145195344.9
WILD ORCHID ZAO DOAAN RU -11716087.47 106082784.6
ZAPSIBGASP-Q PFD ZSGPP$ RU -72947.51526 122459176.2
ZAPSIBGASPRO-BRD ZSGP RU -72947.51526 122459176.2
ZAPSIBGASPRO-BRD ZSGP* RU -72947.51526 122459176.2
ZAPSIBGASPROM-B ZSGP$ RU -72947.51526 122459176.2
ZAPSIBGASPRO-PFD ZSGPP* RU -72947.51526 122459176.2
ZAPSIBGASPRO-PFD ZSGPP RU -72947.51526 122459176.2
ZIL AUTO PLANT ZILL$ RU -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP* RU -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP RM -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP RU -115900565.7 368611137
SERBIA
-------
DUVANSKA DIVR SG -32792314.86 122255596.4
SLOVENIA
--------
ISTRABENZ ITBG EO -3710053.919 1192276746
ISTRABENZ ITBG SV -3710053.919 1192276746
ISTRABENZ ITBG PZ -3710053.919 1192276746
ISTRABENZ ITBG EU -3710053.919 1192276746
SPAIN
-----
AMCI HABITAT SA AMC3 EO -24580874.45 194758143.4
AMCI HABITAT SA AMC SM -24580874.45 194758143.4
AMCI HABITAT SA AMC1 EU -24580874.45 194758143.4
AURIGACROWN CAR 3791672Z SM -9696329.512 319009666.2
BASF CONSTRUCTIO 4511259Z SM -175550365.3 296395765.4
BAXI CALEFACCION 4029741Z SM -16038399.69 313088537.4
BOSCH SISTEMAS D 4505475Z SM -295419977.8 205556877.2
BOUYGUES INMOBIL 3636247Z SM -13608696.28 203210905.9
CAIXARENTING SA 4500211Z SM -13655312.55 1651010629
CAJA DE AHORROS 929362Z SM -361326816.2 37311046644
CELAYA EMPARANZA 3642467Z SM -19428468.87 176340504.9
CONFORAMA ESPANA 3771496Z SM -7499882.185 125121785.8
COPERFIL GROUP 704457Z SM -3700858.975 403826723
DTZ IBERICA ASES 1658Z SM -130770583.4 611187363
ELECTRODOMESTICO 1035184Z SM -89882980.98 104386627.5
ERICSSON NETWORK 4367417Z SM -30313203.28 358279281.1
FABRICAS AGRUPAD 3638319Z SM -32596694.58 286240670.7
FBEX PROMO INMOB 3745024Z SM -820001.0305 1142937522
FIAT GROUP AUTOM 4511067Z SM -30064519.13 367730368.2
FMC FORET SA 3642299Z SM -28605523.78 225458069.6
GALERIAS PRIMERO 3281527Z SM -2731015.072 124875853.4
GE POWER CONTROL 3744144Z SM -25412232.52 973735754.8
GENERAL MOTORS E 4286805Z SM -323089753.8 2783002632
GLENCORE ESPANA 3752336Z SM -24493084.81 140668008
HIDROCANTABRICO 4456745Z SM -213762090.5 376644969.1
INITEC ENERGIA S 3637759Z SM -1230006.429 256846609.3
ISOFOTON SA 1039291Z SM -401482382 218392769.3
JAZZ TELECOM SA 3646927Z SM -639496600.9 784724811
LA SIRENA ALIMEN 4375737Z SM -45848483.56 200881094.4
LEVANTINA Y ASOC 993382Z SM -47134829.4 798577836.1
MAGNETI MARELLI 3643903Z SM -6218714.533 169480205.1
MARTINSA FADESA MFAD PZ -3316202978 7060944147
MARTINSA FADESA 4PU GR -3316202978 7060944147
MARTINSA FADESA MTF EO -3316202978 7060944147
MARTINSA FADESA MTF1 LI -3316202978 7060944147
MARTINSA FADESA MTF EU -3316202978 7060944147
MARTINSA FADESA MTF SM -3316202978 7060944147
MARTINSA-FADESA MTF NR -3316202978 7060944147
NYESA VALORES CO NYE EU -99766729.91 812943907.9
NYESA VALORES CO BES EO -99766729.91 812943907.9
NYESA VALORES CO NYE EO -99766729.91 812943907.9
NYESA VALORES CO NYE SM -99766729.91 812943907.9
NYESA VALORES CO BES EU -99766729.91 812943907.9
NYESA VALORES CO BESS PZ -99766729.91 812943907.9
NYESA VALORES CO BES TQ -99766729.91 812943907.9
NYESA VALORES CO NYE TQ -99766729.91 812943907.9
NYESA VALORES CO 7NY GR -99766729.91 812943907.9
NYESA VALORES CO BES SM -99766729.91 812943907.9
ORANGE CATALUNYA 4365565Z SM -25422547.72 113962331.9
PANRICO SL 1087Z SM -132677120.8 1306407522
PULLMANTUR SA 301590Z SM -77746125.07 127835603
RANDSTAD EMPLEO 4285885Z SM -58878158.21 370434699.9
REAL ZARAGOZA SA 4285533Z SM -26642893.2 155342765.2
REYAL URBIS SA REY1 EU -425677105.6 5777458693
REYAL URBIS SA REY1 EO -425677105.6 5777458693
REYAL URBIS SA REY SM -425677105.6 5777458693
REYAL URBIS SA REYU PZ -425677105.6 5777458693
SA DE SUPERMERCA 4373489Z SM -24370843.85 162576231.9
SIDERURGICA SEVI 3755616Z SM -6175305.125 255962721.9
SOGECABLE MEDIA 3638359Z SM -3018000.191 182987292.3
SPANAIR 1174Z SM -592075778.7 449250970.6
SUPERMERCADOS CH 3635999Z SM -49108101.19 430829438.2
SUPERMERCADOS CO 4285781Z SM -6271873.083 110251382.6
TELEVISION AUTON 3772924Z SM -148813632.8 119454851.8
TIP TRAILERS ESP 3804444Z SM -11109283.92 130713925.8
TROPICAL TURISTI 3639071Z SM -25374266.69 535701945
TWINS ALIMENTACI 4381793Z SM -49677879.17 298164942.5
TYCO ELECTRONICS 2335265Z SM -120345346 343202188.9
UNITEC UNION TIE 3801344Z SM -23207409.48 131213302.5
UNIVERSAL MUSIC 3748312Z SM -113641266.3 100627411.6
VIA OPERADOR PET 4510507Z SM -22002322.05 129961207.4
SWEDEN
------
KAROLINEN FASTIG 4008644Z SS -906745.1282 122777361.3
PHADIA AB 842347Z SS -140406774.4 2127579095
STENA RECYCLING 4011316Z SS -10675550.11 346046832.8
SWEDISH MA-RE RT SWMASR SS -213512979.5 2124668074
SWEDISH MAT-ADR SWMA GR -213512979.5 2124668074
SWEDISH MAT-ADR 3053566Q US -213512979.5 2124668074
SWEDISH MATCH SWD LI -213512979.5 2124668074
SWEDISH MATCH AB SWMAEUR EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA GK -213512979.5 2124668074
SWEDISH MATCH AB SWMA PZ -213512979.5 2124668074
SWEDISH MATCH AB SWMAUSD EO -213512979.5 2124668074
SWEDISH MATCH AB SWMA NR -213512979.5 2124668074
SWEDISH MATCH AB SWMA TQ -213512979.5 2124668074
SWEDISH MATCH AB SWMA LI -213512979.5 2124668074
SWEDISH MATCH AB SWMA SS -213512979.5 2124668074
SWEDISH MATCH AB SWMA EB -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBP EO -213512979.5 2124668074
SWEDISH MATCH AB SWMA NQ -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBX EO -213512979.5 2124668074
SWEDISH MATCH AB SWMAUSD EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA IX -213512979.5 2124668074
SWEDISH MATCH AB SWMA EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA QM -213512979.5 2124668074
SWEDISH MATCH AB SWMA EO -213512979.5 2124668074
SWEDISH MATCH AB SWM VX -213512979.5 2124668074
SWEDISH MATCH AB SWMA BY -213512979.5 2124668074
SWEDISH MATCH AB SWM GR -213512979.5 2124668074
SWEDISH MATCH AB SWMAF US -213512979.5 2124668074
SWEDISH MATCH AB SWMDF US -213512979.5 2124668074
SWEDISH MATCH AB SWMA S1 -213512979.5 2124668074
SWEDISH MATCH AB SWMAEUR EO -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBX EU -213512979.5 2124668074
SWEDISH MATCH- B SWMWF US -213512979.5 2124668074
SWEDISH MATCH-B 3033P US -213512979.5 2124668074
SWEDISH MAT-RTS SWMYR US -213512979.5 2124668074
SWEDISH M-UN ADR SWMAY US -213512979.5 2124668074
TURKEY
------
BESIKTAS FUTBOL BJKAS TI -94748145.95 140991569.3
BESIKTAS FUTBOL BWX GR -94748145.95 140991569.3
BESIKTAS FUTBOL BJKASY TI -94748145.95 140991569.3
BESIKTAS FUTBOL BJKASM TI -94748145.95 140991569.3
BESIKTAS FUTBOL BKTFF US -94748145.95 140991569.3
EGS EGE GIYIM VE EGDIS TI -7732135.103 147075077.7
EGS EGE GIYIM-RT EGDISR TI -7732135.103 147075077.7
GALATASARAY SPOR GSY GR -4380459.912 184132637.7
GALATASARAY SPOR GATSF US -4380459.912 184132637.7
GALATASARAY SPOR GALA IX -4380459.912 184132637.7
GALATASARAY SPOR GSRAY TI -4380459.912 184132637.7
GALATASARAY-NEW GSRAYY TI -4380459.912 184132637.7
IKTISAT FINAN-RT IKTFNR TI -46900666.64 108228233.6
IKTISAT FINANSAL IKTFN TI -46900666.64 108228233.6
KEREVITAS GIDA KVTGF US -4054982.47 114054263.4
KEREVITAS GIDA KERVT TI -4054982.47 114054263.4
MUDURNU TAVUKC-N MDRNUN TI -64935052.1 160420187.4
MUDURNU TAVUKCUL MDRNU TI -64935052.1 160420187.4
SIFAS SIFAS TI -15439194.7 130608104
UKRAINE
-------
AZOVZAGALMASH MA AZGM UZ -42249438.53 336677635.6
DONETSKOBLENERGO DOON UZ -214112885.3 396954757.6
LUGANSKGAS LYGZ UZ -25247035.77 123851487
LUGANSKOBLENERGO LOEN UZ -28261772.82 197883850.6
MARIUP-GDR REG S M9X GR -11661586.28 260791838.5
MARIUP-GDR REG S MZVM IX -11661586.28 260791838.5
MARIUPOL HEAVY M MZVM UZ -11661586.28 260791838.5
NAFTOKHIMIK PRIC NAFP UZ -22522408.4 344629436.5
NAFTOKHIMIK-GDR N3ZA GR -22522408.4 344629436.5
ODESSA OIL REFIN ONPZ UZ -111365037.3 482408330.5
ZALK - PFTS ZALK UZ -43917605.26 146530718.8
UNITED KINGDOM
--------------
3I PLC 2346795Z LN -40072013.14 518266360.4
600 UK LTD 1282018Z LN -731250.5356 123671540.8
A & L CF DECEMBE 1449258Z LN -1168298.788 717098206
ABF GRAIN PRODUC 1276922Z LN -124487759.2 399205741
ACCIDENT EXCHANG 1927374L LN -33094543.84 273916447.7
ACE INA SERVICES 1442282Z LN -56846654.06 155841457.8
ACIS GROUP LTD 4159557Z LN -29529317.19 122639068.7
ACORN CARE AND E 1238567Z LN -70886168.8 120665053.6
ACROMAS HOLDINGS 3109266Z LN -2744136431 11102400350
AEA TECHNOLO-FPR AATF LN -254011230.2 116074481.7
AEA TECHNOLO-FPR AATF PZ -254011230.2 116074481.7
AEA TECHNOLOGY AAT PO -254011230.2 116074481.7
AEA TECHNOLOGY AAT VX -254011230.2 116074481.7
AEA TECHNOLOGY EAETF US -254011230.2 116074481.7
AEA TECHNOLOGY AAT IX -254011230.2 116074481.7
AEA TECHNOLOGY AEY GR -254011230.2 116074481.7
AEA TECHNOLOGY G AAT LN -254011230.2 116074481.7
AEA TECHNOLOGY G AATGBP EO -254011230.2 116074481.7
AEA TECHNOLOGY G AAT EO -254011230.2 116074481.7
AEA TECHNOLOGY G AAT PZ -254011230.2 116074481.7
AEA TECHNOLOGY G 89A GR -254011230.2 116074481.7
AEA TECHNOLOGY G AAT EU -254011230.2 116074481.7
AEA TECHNOLO-NPR AATN LN -254011230.2 116074481.7
AEA TECHNOLO-NPR AATN PZ -254011230.2 116074481.7
AFFINITI INTEGRA 1651064Z LN -641336281.2 234937228.8
AGA RANGEMASTER 4160101Z LN -135154885.9 370549810
AGORA SHOPPING C 214766Z LN -21850071.32 248692721.6
AIRTOURS PLC ATORF US -379721780.5 1817512774
AIRTOURS PLC AIR LN -379721780.5 1817512774
AIRTOURS PLC AIR VX -379721780.5 1817512774
ALAN DICK & CO H 2941227Z LN -146634457.4 106441879.6
ALBANY ASSISTANC 1679512Z LN -6889320.76 136534194.9
ALBANY VEHICLE R 1775873Z LN -6397402.932 178963029.1
ALCATEL-LUCENT T 2645055Z LN -8743499.127 423399404.1
ALIXPARTNERS LTD 2578482Z LN -20704239.37 115351021.9
ALLIANCE & LEICE 1603082Z LN -362196734.3 3707298376
ALLIANZ MANAGEME 4160221Z LN -60281459.6 149113920.3
ALTON TOWERS RES 4496763Z LN -10652990.57 233239679.4
AMER BUS SYS ARB LN -497126976 121439000
ANGLESEY ALUMINI 3899138Z LN -31293037.69 162854170.3
ANGLESEY ALUMINI 1363682Z LN -92021199.08 162854170.3
ANKER PLC DW14 GR -21861359.81 115463159
ANKER PLC ANK LN -21861359.81 115463159
ANKER PLC ANK PO -21861359.81 115463159
ANKER PLC - ASSD ANKC LN -21861359.81 115463159
ANKER PLC - ASSD ANKB LN -21861359.81 115463159
ANKER PLC-ASSD ANKA LN -21861359.81 115463159
APPERLEY REALISA 3951420Z LN -32792784.91 184057205.1
APPLE RETAIL UK 1237895Z LN -16281873.04 233983518.8
ARGENTA UNDERWRI 2619614Z LN -1752171.43 135965410.7
ASHWELL PROPERTY 4165857Z LN -192048023.3 200163088.3
ASPIRE HOUSING L 1820890Z LN -76622621.06 145635258.6
ASTRIUM LTD 2568578Z LN -83582811.42 443414715.3
AT KEARNEY HOLDI 4168565Z LN -712649.2612 420870276.2
ATKINS (WS) PLC ATKGBP EO -167977705.2 1532560636
ATKINS (WS) PLC 6W2 GK -167977705.2 1532560636
ATKINS (WS) PLC WATKF US -167977705.2 1532560636
ATKINS (WS) PLC ATK EO -167977705.2 1532560636
ATKINS (WS) PLC ATK QM -167977705.2 1532560636
ATKINS (WS) PLC ATK BQ -167977705.2 1532560636
ATKINS (WS) PLC WATKY US -167977705.2 1532560636
ATKINS (WS) PLC ATK TQ -167977705.2 1532560636
ATKINS (WS) PLC ATK NR -167977705.2 1532560636
ATKINS (WS) PLC ATK S1 -167977705.2 1532560636
ATKINS (WS) PLC ATK EB -167977705.2 1532560636
ATKINS (WS) PLC ATK EU -167977705.2 1532560636
ATKINS (WS) PLC 6W2 GR -167977705.2 1532560636
ATKINS (WS) PLC ATK VX -167977705.2 1532560636
ATKINS (WS) PLC ATK LN -167977705.2 1532560636
ATKINS (WS) PLC ATKEUR EO -167977705.2 1532560636
ATKINS (WS) PLC ATK PZ -167977705.2 1532560636
ATKINS (WS) PLC ATK NQ -167977705.2 1532560636
ATKINS (WS) PLC ATK PO -167977705.2 1532560636
ATKINS (WS) PLC ATK IX -167977705.2 1532560636
ATKINS (WS) PLC ATKEUR EU -167977705.2 1532560636
ATP OIL & GAS UK 1885966Z LN -60472161.29 263293265.1
AUTOMOBILE ASSOC 1479490Z LN -52415369.19 2231197485
AVAYA UK 1700688Z LN -28200251.54 331855473.3
AVIVA CENTRAL SE 4503755Z LN -118366561.9 856513593.7
AVIVA EMPLOYMENT 1749312Z LN -1680147587 169329942.7
BAE SYSTEMS INTE 2344987Z LN -27179921.77 518682274.2
BAE SYSTEMS LAND 1069210Z LN -74963208.91 373186409.6
BAE SYSTEMS LAND 1111359Z LN -532890637.3 384593854.4
BAE SYSTEMS PROP 1151751Z LN -87647151.12 896957185.8
BAE SYSTEMS SURF 1979118Z LN -459281987.9 278902868.6
BANNER HOMES WES 1434946Z LN -2194672.776 103230794
BARCHESTER HOLDC 4391889Z LN -29571912.71 1847591976
BARRACUDA GROUP 3636Z LN -395586366.9 328358578
BASINGHALL FINAN 1127799Z LN -9913804.539 605593711.5
BAT CHINA LTD 1281226Z LN -242792796.6 103934859.5
BAT UK & EXPORT 4509491Z LN -349911284.7 2485988824
BDP HOLDINGS LTD 3796920Z LN -4078321.526 113196276.2
BENTLEY MOTORS L 1376666Z LN -161438838.6 949891659.2
BETFAIR LTD 83844Z LN -18103010.97 446483786.1
BEZIER ACQUISITI 610152Z LN -57556435.01 153054878.1
BGE UK LTD 1653368Z LN -34093758.69 497857124.3
BIFFA LTD BIFF LN -380391564.8 3021695633
BIFFA PLC 3567279Q GR -380391564.8 3021695633
BIFFA PLC 2758822Q EO -380391564.8 3021695633
BIFFA PLC 2758806Q EO -380391564.8 3021695633
BIFFA PLC 2758798Q EO -380391564.8 3021695633
BIFFA PLC 2758818Q EU -380391564.8 3021695633
BIFFA PLC 2758802Q EO -380391564.8 3021695633
BIFFA PLC 2758794Q EU -380391564.8 3021695633
BIFFA PLC BIFF PZ -380391564.8 3021695633
BIFFA PLC BIFAF US -380391564.8 3021695633
BIFFA PLC BIFF IX -380391564.8 3021695633
BIRDS EYE IGLO 2332487Z LN -427711801.4 3363661535
BIRSE CIVILS LTD 1333506Z LN -17529759.02 148612506.4
BLACK & EDGINGTO BLE LN -124570092.3 130962299.8
BLUEWATER OPERAT 1685912Z LN -21362577.22 115391731
BLUEWATER UK LTD 1719216Z LN -41317209.46 139131490.7
BMI 1113Z LN -216730247.2 520473243.2
BNB RECRUITMENT BQX GR -10242625.55 103637705
BNB RECRUITMENT BNB PO -10242625.55 103637705
BNB RECRUITMENT BNB IX -10242625.55 103637705
BNB RECRUITMENT BNBRF US -10242625.55 103637705
BNB RECRUITMENT BNB LN -10242625.55 103637705
BODYCOTE HEAT TR 620598Z LN -8532256.336 101101483.7
BOLTON WANDERERS 1274042Z LN -51607913.21 134186447.2
BOSTON MAYFLOWER 1845650Z LN -38702577.78 104489726.5
BOVIS LEND LEASE 2540850Z LN -447807.1747 128240779.6
BP EXPLORATION A 1085738Z LN -11474454.61 1521107023
BP SHIPPING 1281618Z LN -33953796.77 422714181.4
BRADSTOCK GROUP BSKGF US -1855444.639 268563822.5
BRADSTOCK GROUP BDK LN -1855444.639 268563822.5
BRB RESIDUARY LT 2872503Z LN -300504689.6 399749459.7
BRICKAGENT LTD 1194055Z LN -6815890.411 330168624
BRIT BROADCAST 1517Z LN -582276768.4 4439917375
BRIT ENERGY LTD 523362Q LN -5822867501 4921095750
BRIT ENERGY PLC BEN1 GR -5822867501 4921095750
BRIT ENERGY PLC BHEGF US -5822867501 4921095750
BRIT ENERGY PLC BGYEF US -5822867501 4921095750
BRIT ENERGY PLC 555140Q VX -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 BGYNYB AR -5822867501 4921095750
BRITISH ENER-BLK BGYB AR -5822867501 4921095750
BRITISH ENER-C/E BGYNYC AR -5822867501 4921095750
BRITISH ENER-C/E BGYC AR -5822867501 4921095750
BRITISH ENER-CED BGY AR -5822867501 4921095750
BRITISH ENER-CED BGYNY AR -5822867501 4921095750
BRITISH ENERGY-A BGYA PO -5822867501 4921095750
BRITISH ENERGY-A 3012442Q LN -5822867501 4921095750
BRITISH ENERGY-A BHEAF US -5822867501 4921095750
BRITISH ENERGY-A BGYGF US -5822867501 4921095750
BRITISH ENERGY-A BGYA VX -5822867501 4921095750
BRITISH TRANSPOR 4015740Z LN -283990419.8 154845540.2
BRIXTON GREAT WE 1242343Z LN -24193317.48 164120047.9
BT SWITZERLAND L 1924382Z LN -33792470.09 108013506.1
BTG INTERNATIONA 2815068Z LN -15299768.54 384925017.9
BUNZL VENDING SE 1626514Z LN -3627717.453 117295226
BURNDEN LEISURE BDL LN -34303346.66 148833324.3
CALSONIC KANSEI 1541442Z LN -38998494.18 298627314.6
CALSONIC KANSEI 2730264Z LN -112686897.5 233439821
CANARY WHARF FIN 1198063Z LN -133871013.2 4239121844
CARILLION CONSTR 1328554Z LN -62296373.48 2641870601
CARILLION SERVIC 1692592Z LN -6947459.591 181597321.7
CARISBROOKE ANGL 3815488Z LN -67887962.81 125396545.6
CATTLES PLC CZS GR -599615492.2 3880885246
CATTLES PLC CTT PZ -599615492.2 3880885246
CATTLES PLC CHOXF US -599615492.2 3880885246
CATTLES PLC CTTSEK EO -599615492.2 3880885246
CATTLES PLC CTT EU -599615492.2 3880885246
CATTLES PLC CTTEUR EU -599615492.2 3880885246
CATTLES PLC CTTUSD EO -599615492.2 3880885246
CATTLES PLC CTT LN -599615492.2 3880885246
CATTLES PLC CTTUSD EU -599615492.2 3880885246
CATTLES PLC CTT VX -599615492.2 3880885246
CATTLES PLC CTTGBP EO -599615492.2 3880885246
CATTLES PLC CTT BQ -599615492.2 3880885246
CATTLES PLC CTT NR -599615492.2 3880885246
CATTLES PLC CTTEUR EO -599615492.2 3880885246
CATTLES PLC CTT QM -599615492.2 3880885246
CATTLES PLC CTT IX -599615492.2 3880885246
CATTLES PLC CTT TQ -599615492.2 3880885246
CATTLES PLC CTT EO -599615492.2 3880885246
CATTLES PLC CTT NQ -599615492.2 3880885246
CATTLES PLC CTT PO -599615492.2 3880885246
CATTLES PLC CTT EB -599615492.2 3880885246
CATTLES PLC CTTSEK EU -599615492.2 3880885246
CATTLES PLC-ADR CHOXY US -599615492.2 3880885246
CATTLES PLC-FPR CTTF PZ -599615492.2 3880885246
CATTLES PLC-FPR CTTF LN -599615492.2 3880885246
CATTLES PLC-NPR CTTN LN -599615492.2 3880885246
CATTLES PLC-NPR CTTN PZ -599615492.2 3880885246
CATTLES PLC-NPR 2843734Q EO -599615492.2 3880885246
CATTLES PLC-NPR 2843730Q EU -599615492.2 3880885246
CATTLES PLC-NPR 2843726Q EO -599615492.2 3880885246
CATTLES PLC-NPR CTTN IX -599615492.2 3880885246
CATTLES PLC-NPR CCTN PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR IX -599615492.2 3880885246
CATTLES PLC-RFD CTTR LN -599615492.2 3880885246
CENTRICA NORWAY 2715576Z LN -80242474.89 583750056.8
CENTRICA SHB LTD 1619386Z LN -17242062.52 1058303961
CHANNEL 5 TELEVI 93306Z LN -61651242.02 459075420.3
CHELSEA FOOTBALL 1508858Z LN -594070533.6 390331439.9
CHRYSALIS GROUP CHSUSD EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS EO -16399845.81 124838262.3
CHRYSALIS GROUP HR4 GR -16399845.81 124838262.3
CHRYSALIS GROUP CHS EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSUSD EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSGBP EO -16399845.81 124838262.3
CHRYSALIS GROUP CYGUF US -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS PO -16399845.81 124838262.3
CHRYSALIS GROUP CHS LN -16399845.81 124838262.3
CHRYSALIS GROUP CLYSF US -16399845.81 124838262.3
CHRYSALIS GROUP CHS PZ -16399845.81 124838262.3
CHRYSALIS GROUP CHS VX -16399845.81 124838262.3
CHRYSALIS GROUP 5CY GR -16399845.81 124838262.3
CHRYSALIS GROUP CHS IX -16399845.81 124838262.3
CITY INN LTD 2196980Z LN -58757237.01 347215498.4
CLIPPER WINDPOWE CWP EU -168322000 436419008
CLIPPER WINDPOWE 3470635Q LN -168322000 436419008
CLIPPER WINDPOWE C2W GR -168322000 436419008
CLIPPER WINDPOWE CWP PG -168322000 436419008
CLIPPER WINDPOWE CWP IX -168322000 436419008
CLIPPER WINDPOWE CWPA LN -168322000 436419008
CLIPPER WINDPOWE CWP LN -168322000 436419008
CLIPPER WINDPOWE CWP PZ -168322000 436419008
CLIPPER WINDPOWE CWP EO -168322000 436419008
CLIPPER WINDPOWE CRPWF US -168322000 436419008
CODEMASTERS SOFT 1522434Z LN -139317421.8 165497678
COLAS RAIL LTD 4515415Z LN -7305847.237 121887967.1
COMMERCIAL VEHIC 1575514Z LN -19637.28046 146760852
COMMUNITY HOUSIN 4448257Z LN -14511411.3 202470921.6
COMO HOLDINGS UK 3818576Z LN -23709992.86 122013803.9
CONNECT M77/GSO 2028763Z LN -30886645.59 222325514.3
CONNECT UTILITIE 2112683Z LN -3401577.872 137324627.2
CONVENIENCE FOOD 1555794Z LN -22712290.27 762249431.8
COOLKEERAGH ESB 4471679Z LN -52669832.08 317763242.1
CORAL ESTATES LT 1077210Z LN -2705934.021 167720044.9
COTT BEVERAGES L 605912Z LN -16895546.47 184391857.8
COTT RETAIL BRAN 4499739Z LN -15275862.4 184176726.3
CPI MORTARS LTD 1751696Z LN -24785356.36 119460176.9
CROSBY GROUP PLC 237335Z LN -110125991.6 336586360.4
CROSS KEYS HOMES 2008711Z LN -123895266.7 168685502.5
CROWN BLUE LINE 1369234Z LN -4505817.837 108693619.6
CSC METROCENTRE 1203663Z LN -177523497.7 231888247
CUCINA LUX INVES 4503083Z LN -332083965.3 3040705457
DANE HOUSING GRO 1773129Z LN -27596778.77 113099606.8
DANKA BUS SYSTEM 3205287Q EU -497126976 121439000
DANKA BUS SYSTEM 3205283Q EO -497126976 121439000
DANKA BUS SYSTEM DNK PZ -497126976 121439000
DANKA BUS SYSTEM DNK IX -497126976 121439000
DANKA BUS SYSTEM DNK PO -497126976 121439000
DANKA BUS SYSTEM DANKF US -497126976 121439000
DANKA BUS SYSTEM 3205291Q EO -497126976 121439000
DANKA BUS SYSTEM DNK LN -497126976 121439000
DANKA BUS SYSTEM DNK VX -497126976 121439000
DANKA BUS-$US CE DANKD AR -497126976 121439000
DANKA BUS-ADR DB6 GR -497126976 121439000
DANKA BUS-ADR DANKY US -497126976 121439000
DANKA BUS-ADR AP39 LI -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
DCK GROUP LTD 4006628Z LN -23972516.74 108515833.6
DELTA 3 UK LTD 4087083Z LN -2278970462 8024284919
DERBY TELEGRAPH 1289578Z LN -1870558.999 120329230.3
DHL EXPRESS UK L 1564450Z LN -588968969.9 178269906.1
DIAMOND RESORT H 1710824Z LN -33182092.85 203141679.9
DIAMOND RESORTS 1578906Z LN -53932408.74 189968468
DIGNITY PLC DTYGBP EO -7483559.99 645145234.1
DIGNITY PLC DTY LN -7483559.99 645145234.1
DIGNITY PLC DGNYF US -7483559.99 645145234.1
DIGNITY PLC DTY EU -7483559.99 645145234.1
DIGNITY PLC DTY EB -7483559.99 645145234.1
DIGNITY PLC DTY EO -7483559.99 645145234.1
DIGNITY PLC DTYUSD EU -7483559.99 645145234.1
DIGNITY PLC DN8 GR -7483559.99 645145234.1
DIGNITY PLC DTY NQ -7483559.99 645145234.1
DIGNITY PLC DTYEUR EO -7483559.99 645145234.1
DIGNITY PLC DTY QM -7483559.99 645145234.1
DIGNITY PLC DTY PZ -7483559.99 645145234.1
DIGNITY PLC DN8A GR -7483559.99 645145234.1
DIGNITY PLC DN8B GR -7483559.99 645145234.1
DIGNITY PLC DTY IX -7483559.99 645145234.1
DIGNITY PLC DTY BQ -7483559.99 645145234.1
DIGNITY PLC DTY VX -7483559.99 645145234.1
DIGNITY PLC DTYUSD EO -7483559.99 645145234.1
DIGNITY PLC DTY PO -7483559.99 645145234.1
DIGNITY PLC DTY S1 -7483559.99 645145234.1
DIGNITY PLC DTY NR -7483559.99 645145234.1
DIGNITY PLC DTY TQ -7483559.99 645145234.1
DIGNITY PLC DTYEUR EU -7483559.99 645145234.1
DIGNITY PLC DN8A GK -7483559.99 645145234.1
DISNEY MAGIC CO 1182559Z LN -5415863.48 393500085
DISPOSABLE SOFT 1124335Z LN -25554763.54 154077028.1
DONCASTERS PLC 2248Z LN -317308195.4 1941958348
DONCASTERS-ADR 295664Q US -317308195.4 1941958348
DRIVE ASSIST HOL 3641135Z LN -97603977.94 738866338.9
DTZ DEBENHAM TIE 1637608Z LN -65367918.17 431959182
E ON RUHRGAS UK 1671208Z LN -182307521 370250605.6
E ON UK CHP LTD 2642428Z LN -475664052.2 262876104.5
EASYJET AIRLINE 2828740Z LN -48690159.99 3487432812
EASYNET GROUP ESY LN -60380605.51 334049332.2
EASYNET GROUP ESY PO -60380605.51 334049332.2
EASYNET GROUP EAY GR -60380605.51 334049332.2
EASYNET GROUP EZNGF US -60380605.51 334049332.2
EASYNET GROUP ESY VX -60380605.51 334049332.2
EASYNET GROUP-CV 91009Z LN -60380605.51 334049332.2
ECONOMIST NEWSPA 6888Z LN -2941080.267 399071232.6
EDF ENERGY 1 LTD 1201287Z LN -185411355.3 354815290.3
ELECTROLUX PLC 2830657Z LN -35611895.33 621721997.2
EMCOR GROUP UK P 376717Z LN -3523625.215 201259239.8
EMCOR UK LTD 4510091Z LN -1583152.765 200493228.1
EMI GROUP -ASSD EMIA LN -2265916257 2950021937
EMI GROUP LTD EMI LN -2265916257 2950021937
EMI GROUP PLC 3020138Q GR -2265916257 2950021937
EMI GROUP PLC EMIPF US -2265916257 2950021937
EMI GROUP PLC EMI VX -2265916257 2950021937
EMI GROUP PLC EMI IX -2265916257 2950021937
EMI GROUP PLC EMI PO -2265916257 2950021937
EMI GROUP PLC-B 1019425Q LN -2265916257 2950021937
EMI GROUP-ADR 38IS LN -2265916257 2950021937
EMI GROUP-ADR EMIPY US -2265916257 2950021937
EMI GROUP-ADR EMI$ LN -2265916257 2950021937
ENERGY POWER RES 510443Z LN -93963662.92 168611857.1
EQUINITI LTD 977621Z LN -93668087.43 951504738.1
EQUITY INSURANCE 1284698Z LN -17694968.8 178126828.2
ERM-EUROPE LTD 1539482Z LN -6189230.383 168410403.4
ESPORTA HEALTH & 1689624Z LN -15075296.84 156183034.4
EUROPEAN HOME EHREUR EU -14328735.16 110864081.4
EUROPEAN HOME EHR EU -14328735.16 110864081.4
EUROPEAN HOME FPAKF US -14328735.16 110864081.4
EUROPEAN HOME EHRGBP EO -14328735.16 110864081.4
EUROPEAN HOME KLZ PO -14328735.16 110864081.4
EUROPEAN HOME KLZ VX -14328735.16 110864081.4
EUROPEAN HOME EHR PO -14328735.16 110864081.4
EUROPEAN HOME EHREUR EO -14328735.16 110864081.4
EUROPEAN HOME EHR VX -14328735.16 110864081.4
EUROPEAN HOME EHR EO -14328735.16 110864081.4
EUROPEAN HOME EHR PZ -14328735.16 110864081.4
EUROPEAN HOME EHR LN -14328735.16 110864081.4
EUROSTAR INTERNA 4379945Z LN -2612284156 558131218.9
EXXONMOBIL MARIN 1196527Z LN -11436778.26 350633878.1
FAIRLINE BOATS H 4498779Z LN -13944238.58 114504852.8
FAREPAK PLC FPK LN -14328735.16 110864081.4
FIAT GROUP AUTOM 3899922Z LN -7664234.882 421296185.4
FINANCIAL SERVIC 2630281Z LN -167558381.3 246856182.8
FIRST CHOICE HOL 1098394Z LN -599861682.6 608849393.2
FIRST MANCHESTER 1651368Z LN -24200051.04 144244194.9
FITNESS FIRST CL 1734144Z LN -4542316.813 262997348.7
FITNESS FIRST GR 4501843Z LN -831355754.2 1655609515
FLUKE PRECISION 1429402Z LN -991319.9558 125904210.3
FLYBE LTD 6621Z LN -118366561.9 450450527.2
FORD MOTOR CO LT 1291306Z LN -493779397.8 5534240380
FOUR SEASONS HEA 1865450Z LN -103869946 365540616
FUNDING CORP LTD 4157637Z LN -28925795.68 201083535.3
FW FARNSWORTH LT 1293386Z LN -38614609.29 102562597.5
GALA GROUP LTD 19374Z LN -1443271177 5876950503
GALIFORM CORPORA 1478794Z LN -47866839.4 904819053.8
GAMESTEC LEISURE 1432626Z LN -26296700.79 146168301.5
GARTLAND WHALLEY GWB LN -10986768.6 145352034.5
GDF SUEZ MARKETI 4502811Z LN -34122449.42 563945963.1
GE CALEDONIAN LT 2178340Z LN -54963000.56 439227996.7
GE CAPITAL EQUIP 2563466Z LN -3085527.46 119650545.9
GE MONEY SECURED 1194559Z LN -118319538.8 890770764.4
GENERAL MOTORS 1062338Z LN -912103488.1 2014993677
GLAXOSMITHKLINE 1426Z LN -14428237.79 13870592118
GLEESON DEVELOPM 3950756Z LN -65495092 111803622.2
GLOBAL CROSSING 3629883Z LN -353965082.8 492328850.3
GLOBAL RADIO SER 4171741Z LN -66177933.43 124610180.3
GO-AHEAD GRO-ADR GHGUY US -22138864.97 1524307576
GO-AHEAD GROUP GOGGBP EO -22138864.97 1524307576
GO-AHEAD GROUP GOG VX -22138864.97 1524307576
GO-AHEAD GROUP GOG TQ -22138864.97 1524307576
GO-AHEAD GROUP GOG IX -22138864.97 1524307576
GO-AHEAD GROUP GOGUSD EU -22138864.97 1524307576
GO-AHEAD GROUP GOG PZ -22138864.97 1524307576
GO-AHEAD GROUP GOG EU -22138864.97 1524307576
GO-AHEAD GROUP GOGEUR EU -22138864.97 1524307576
GO-AHEAD GROUP GOG NQ -22138864.97 1524307576
GO-AHEAD GROUP GOG S1 -22138864.97 1524307576
GO-AHEAD GROUP G9X GR -22138864.97 1524307576
GO-AHEAD GROUP GOG PO -22138864.97 1524307576
GO-AHEAD GROUP GHGUF US -22138864.97 1524307576
GO-AHEAD GROUP GOG LN -22138864.97 1524307576
GO-AHEAD GROUP GOG BQ -22138864.97 1524307576
GO-AHEAD GROUP GOG NR -22138864.97 1524307576
GO-AHEAD GROUP GOG EO -22138864.97 1524307576
GO-AHEAD GROUP G9X GK -22138864.97 1524307576
GO-AHEAD GROUP GOG QM -22138864.97 1524307576
GO-AHEAD GROUP GOGUSD EO -22138864.97 1524307576
GO-AHEAD GROUP GOGEUR EO -22138864.97 1524307576
GO-AHEAD GROUP GOG EB -22138864.97 1524307576
GONDOLA GROUP LT 4499995Z LN -284524422.8 1496226646
GOODRICH CONTROL 3631571Z LN -204049997.3 694498740.9
GOODYEAR DUNLOP 3894550Z LN -191322012.8 287023355
GRAINGER FINANCE 1850494Z LN -22474336.95 1950379725
GRANT THORNTON U 961842Z LN -53048686.7 407603310
GREEN (E) & PART GEP LN -32392901.23 196106689.5
HALDEX CONCENTRI 4160093Z LN -29953316.08 111499657.3
HARMSWORTH PRINT 1552314Z LN -10886430.88 200919014.7
HARMSWORTH PRINT 1719464Z LN -20627005.31 199220095.8
HARMSWORTH QUAYS 1552378Z LN -104222080.4 297855927.3
HAS ACCIDENT MAN 3815368Z LN -15457607.26 491008239.2
HAYMARKET GROUP 4158941Z LN -100498143 307693877.6
HELPHIRE FINANCE 1704464Z LN -6187093.256 120517778.6
HESS INDONESIA P 1705776Z LN -56622019.25 582889084.6
HOGG ROBINSON GR HRG LN -25479764.27 756214238.4
HOGG ROBINSON GR HRGEUR EU -25479764.27 756214238.4
HOGG ROBINSON GR HRG EU -25479764.27 756214238.4
HOGG ROBINSON GR HOGGF US -25479764.27 756214238.4
HOGG ROBINSON GR HRG EO -25479764.27 756214238.4
HOGG ROBINSON GR DQX GR -25479764.27 756214238.4
HOGG ROBINSON GR HRG VX -25479764.27 756214238.4
HOGG ROBINSON GR HRGEUR EO -25479764.27 756214238.4
HOGG ROBINSON GR HRG S1 -25479764.27 756214238.4
HOGG ROBINSON GR HRG PZ -25479764.27 756214238.4
HOGG ROBINSON GR HRG IX -25479764.27 756214238.4
HOGG ROBINSON GR HRGGBP EO -25479764.27 756214238.4
HOLIDAY AUTOS IN 1155863Z LN -52099341.51 222704774.4
HOME RETAIL GROU 1897678Z LN -70921714.17 750699513.1
HOUSE FRASER-ADR HOFSY US -14410799.86 200149998.1
HOUSE FRASER-ADR HSFRY US -14410799.86 200149998.1
HOUSE OF FRASER HOF PZ -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 HSFRF US -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
HUTCHISON 3G UK 1870250Z LN -10150197192 10089105316
HYDREX HOLDINGS 4156949Z LN -150849963.2 145584295.2
IG GROUP LTD 4502843Z LN -1592321157 220229260.6
IKANO FINANCIAL 2599182Z LN -11016514.34 150562302.2
INCOMMUNITIES GR 4508531Z LN -49295282.29 378434758.9
INEOS GROUP HLDG 6623Z LN -798534470.8 15936006904
INEOS MANUFACTUR 2170452Z LN -6726362.412 1831309315
INEOS VINYLS UK 1072618Z LN -236733123.8 260899630.2
INFORMA UK LTD 699186Z LN -288113629.1 1264298680
INN ON THE PARK 1111959Z LN -7177632.816 136376673.9
INSPIRED GAMING 1181783Z LN -87284373.38 396170831.1
INTELLIGENT FINA 1645352Z LN -15789097.29 146432108.1
INTELLIGENT PROC 1897878Z LN -16714344.93 183346516.4
INTERFLOOR GROUP 317371Z LN -4692809.598 114809869.5
INTERNATIONAL RE 1074242Z LN -43218061.61 121397915.9
INTERNATIONAL TR 1647720Z LN -2256724.849 114588447.6
IRANIAN OIL CO U 1380570Z LN -88170857.4 370135921.5
JARVIS PLC JRVS EU -64739862.73 130951086
JARVIS PLC JRVSGBP EO -64739862.73 130951086
JARVIS PLC JRVS PZ -64739862.73 130951086
JARVIS PLC JVR GR -64739862.73 130951086
JARVIS PLC JRVS VX -64739862.73 130951086
JARVIS PLC JRVS PO -64739862.73 130951086
JARVIS PLC JRVS IX -64739862.73 130951086
JARVIS PLC JRVSEUR EO -64739862.73 130951086
JARVIS PLC JRVS LN -64739862.73 130951086
JARVIS PLC JRVSEUR EU -64739862.73 130951086
JARVIS PLC JRVS EO -64739862.73 130951086
JARVIS PLC JVSPF US -64739862.73 130951086
JDR ENTERPRISES 3947788Z LN -6557452.2 161501211
JESSOPS PLC JSP VX -42702018.35 112964060.4
JESSOPS PLC JSPEUR EU -42702018.35 112964060.4
JESSOPS PLC JS4 GR -42702018.35 112964060.4
JESSOPS PLC JSP PO -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 LN -42702018.35 112964060.4
JESSOPS PLC JSPGBP EO -42702018.35 112964060.4
JESSOPS PLC JSP EU -42702018.35 112964060.4
JESSOPS PLC JSP PZ -42702018.35 112964060.4
JS BLOOR SWINDON 1568906Z LN -6114543.554 105908043.2
JVC EUROPE LTD 2667041Z LN -2824766.239 131996942.9
KELLOGG MANAGEME 1739336Z LN -5288683.744 348135786.3
KEW GREEN HOTELS 1031803Z LN -1599263.515 287896510.3
KIA MOTORS UK LT 1985990Z LN -34025454.6 315596502.8
KIER DEVELOPMENT 86900Z LN -2166596.478 236323651
KILMARTIN HOLDIN 3589161Z LN -32467784.16 576731039.1
KILMARTIN PROPER 534862Z LN -37743228.9 444220212.7
KLEENEZE PLC KLZ LN -14328735.16 110864081.4
KNIGHTSTONE HOUS 4158133Z LN -15308739.92 279866238.1
KODAK LTD 1275242Z LN -180673404.9 661044368.6
KOP FOOTBALL HOL 3315203Z LN -214487094.9 590218957.6
KOP FOOTBALL LTD 901297Z LN -105207451.9 474568063.7
LAING O'ROURKE S 1963302Z LN -16954145.38 143873589.8
LANCASTER INVEST 1575538Z LN -49629875.36 118967854.4
LAPSENT LTD 203678Z LN -26875940.03 200397842.7
LAST MINUTE NETW 1180895Z LN -422618140.3 473430973.8
LATIMER GROUP LT 4089809Z LN -397652099.9 909970808.9
LEGAL & GENERAL 1575290Z LN -8846197.262 126569938.1
LGC LTD 161695Z LN -44759203.51 163172696.4
LINK FINANCIAL 3041Z LN -63296738.93 226722478.9
LIONCOVER INSURA 1120431Z LN -221632.1611 741441082.5
LLOYDS TSB CORPO 2045779Z LN -7210252.406 310036480.9
LLOYDS TSB EQUIP 1214495Z LN -661481.4498 334557469.7
LLOYDS TSB EQUIP 1238423Z LN -1919544.165 270438080.8
LOGICA INTERNATI 2562234Z LN -204054196.2 183833558.7
LOMBARD CORPORAT 1162975Z LN -7309362.404 198951662.4
LOMBARD CORPORAT 1131527Z LN -12385559.45 212891317.9
LOMBARD VEHICLE 1503522Z LN -1267689.428 354373524.8
LONDON ORGANISIN 2707808Z LN -111194464.2 319902766.9
LONDON TOWN PLC LTW EO -21897636.36 175672299.2
LONDON TOWN PLC LTWR LN -21897636.36 175672299.2
LONDON TOWN PLC LTW LN -21897636.36 175672299.2
LONDON TOWN PLC LOU GR -21897636.36 175672299.2
LONDON TOWN PLC LTWX LN -21897636.36 175672299.2
LONDON TOWN PLC LTW PG -21897636.36 175672299.2
LONDON TOWN PLC LTW EU -21897636.36 175672299.2
LONDON TOWN PLC LTW IX -21897636.36 175672299.2
LONDON TOWN PLC LTW PO -21897636.36 175672299.2
LONDON TOWN PLC LTW PZ -21897636.36 175672299.2
L'OREAL UK LTD 1294866Z LN -38243907.35 469320156.2
LOTUS CARS LTD 1361858Z LN -7107957.891 164348111.9
LOTUS GROUP INTE 144299Z LN -6401594.745 177891981.7
LYNN WIND FARM L 3953012Z LN -10085817.46 285246974.4
MAKRO SELF SERVI 1373618Z LN -164720222.7 400641220.4
MANCHESTER CITY 2348397Z LN -67944775.11 542937877.7
MANSFORD HOLDING 253659Z LN -4565898.062 650742111.3
MAPELEY STEPS CO 1914846Z LN -44982581.48 112862516.8
MARSH SERVICES L 1701416Z LN -523772036.4 121325725.9
MAYBOURNE HOTELS 1824362Z LN -7342720.585 243776690.2
MBDA UK LTD 1720864Z LN -24824098.4 1872164454
MCINERNEY GROUP 1967014Z LN -39888859.48 221805262.1
MCINERNEY HOMES 1688792Z LN -40656839.54 139495247.7
MEDIAEDGE CIA UK 1912470Z LN -43196912.2 117183919.6
MEDIMMUNE LTD 1596402Z LN -18333665.25 353092399.2
MENZIES HOTELS H 4496419Z LN -4625874.656 352267990.8
MENZIES HOTELS O 2527986Z LN -26869545.88 137849610.2
MIDDLESEX CABLE 1598242Z LN -170219219.9 108664527.9
MIDLAND EXPRESSW 583730Z LN -21453585.64 1190959618
MILLENNIUM STADI 1727672Z LN -10005942.39 176877728.5
MILLER HOMES 2220892Z LN -31021993.81 983811413
MNAIP LTD 2018815Z LN -8594175.012 140270204.8
MONARCH HOLDINGS 4502027Z LN -65326834.3 774720668.6
MOTO HOSPITALITY 1344378Z LN -151994623.3 1110023228
MYTRAVEL GROUP MT/S VX -379721780.5 1817512774
MYTRAVEL GROUP MYTPF US -379721780.5 1817512774
MYTRAVEL GROUP MT/S LN -379721780.5 1817512774
MYTRAVEL GROUP MT/S PO -379721780.5 1817512774
MYTRAVEL GROUP 3544280Q IX -379721780.5 1817512774
MYTRAVEL GROUP ARO2 GR -379721780.5 1817512774
MYTRAVEL GROUP P MT/ VX -379721780.5 1817512774
MYTRAVEL GROUP P MYTGF US -379721780.5 1817512774
MYTRAVEL GROUP P 1018144Q GR -379721780.5 1817512774
MYTRAVEL GROUP-A MYTVF US -379721780.5 1817512774
MYTRAVEL GROUP-A 2281919Q GR -379721780.5 1817512774
MYTRAVEL TOUR OP 1190295Z LN -1403641162 2477169600
NACCO MATERIALS 1141567Z LN -7118433.514 147004693.9
NATIONAL AUSTRAL 2191908Z LN -381192.6999 369122665.5
NATIONS HEALTHCA 623142Z LN -72928597.94 110273248.2
NCR LTD 3083521Z LN -221436502.9 354267221.2
NESTLE UK LTD 1274562Z LN -441369183.5 1411557990
NEW LINX HOUSING 1801057Z LN -12040509.71 233111422.6
NEW LOOK RETAIL 2711544Z LN -400438791.5 2225635874
NEW STAR ASSET NSAM PO -397718038 292972732.1
NEW STAR ASSET NSAM LN -397718038 292972732.1
NEW STAR ASSET NSAM IX -397718038 292972732.1
NEW STAR ASSET NSAA LN -397718038 292972732.1
NEW STAR ASSET 3226439Q EU -397718038 292972732.1
NEW STAR ASSET NSAM TQ -397718038 292972732.1
NEW STAR ASSET NSAM PZ -397718038 292972732.1
NEW STAR ASSET NWSAF US -397718038 292972732.1
NEW STAR ASSET 3226443Q EO -397718038 292972732.1
NEW STAR ASSET 3226431Q EU -397718038 292972732.1
NEW STAR ASSET N6S GR -397718038 292972732.1
NEW STAR ASSET 3226435Q EO -397718038 292972732.1
NEW STAR ASSET 3226447Q EO -397718038 292972732.1
NEWCASTLE UNITED 4380361Z LN -84704702.71 255597482.6
NEWCASTLE UNITED 1060322Z LN -95555794.95 260472311.5
NIKKO PRINCIPAL 815703Z LN -162068875.3 256750134.5
NORBAIN GROUP LT 4007676Z LN -15436972.45 108956420.2
NORTHERN ELEC FI 28944Z US -1130359.983 408059954
NORTHERN ELECTRI 1160759Z LN -1130359.983 408059954
NORTHERN FO-ASSD NFDA LN -70166103.48 924672036.4
NORTHERN FOODS NFDS VX -70166103.48 924672036.4
NORTHERN FOODS NFDS PO -70166103.48 924672036.4
NORTHERN FOODS NFO GK -70166103.48 924672036.4
NORTHERN FOODS NFDS EO -70166103.48 924672036.4
NORTHERN FOODS NFDS NR -70166103.48 924672036.4
NORTHERN FOODS NFO GR -70166103.48 924672036.4
NORTHERN FOODS NFDS QM -70166103.48 924672036.4
NORTHERN FOODS NFDS BQ -70166103.48 924672036.4
NORTHERN FOODS NFDS NQ -70166103.48 924672036.4
NORTHERN FOODS NFDS EB -70166103.48 924672036.4
NORTHERN FOODS NFDSGBP EO -70166103.48 924672036.4
NORTHERN FOODS NFDS EU -70166103.48 924672036.4
NORTHERN FOODS NTFOF US -70166103.48 924672036.4
NORTHERN FOODS NFDS S1 -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EU -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EO -70166103.48 924672036.4
NORTHERN FOODS NFDS IX -70166103.48 924672036.4
NORTHERN FOODS NFDS TQ -70166103.48 924672036.4
NORTHERN FOODS NFDS LN -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EO -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EU -70166103.48 924672036.4
NORTHERN FOODS NFDS PZ -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 -51664317.66 171098635.4
NOVELIS UK LTD 1295610Z LN -29354907.35 167393334.2
NPIL HOLDCO LTD 3641071Z LN -174437379.8 865144704.3
NPOWER GAS LTD 1689816Z LN -466594411 568335416.1
NPOWER LTD 1185599Z LN -352930656.8 4019259247
NPOWER NORTHERN 1779169Z LN -251096564.1 2185949264
NTL COMMUNICATIO 1773729Z LN -301208075.9 954738393.1
NTL MIDLANDS LTD 1579698Z LN -1174963.948 459374901.9
OAKHILL GROUP LT 4499435Z LN -10360362.13 225866415.8
ODEON & UCI CINE 3489372Z LN -343984749.9 1063234218
O-I MANUFACTURIN 1320610Z LN -15447837.01 127695517.6
OPTIMUM CARE LTD 3951796Z LN -23827846.5 131314548.6
ORBIS PLC OBS PO -4168493.8 127701679.5
ORBIS PLC OBS IX -4168493.8 127701679.5
ORBIS PLC OBS PZ -4168493.8 127701679.5
ORBIS PLC RLP GR -4168493.8 127701679.5
ORBIS PLC OBS LN -4168493.8 127701679.5
ORBIS PLC ORBSF US -4168493.8 127701679.5
ORBIS PLC OBG PO -4168493.8 127701679.5
ORION ELECTRIC U 1513394Z LN -9086918.607 140787898.2
OUTDOOR GROUP LT 1318338Z LN -34424941.75 127535038.5
PARAGON SECOND F 2634515Z LN -791215.0998 2719029923
PARK FOOD GROUP PKFD LN -46896921.68 229105534.5
PARK GROUP PLC PRKGF US -46896921.68 229105534.5
PARK GROUP PLC PKG EO -46896921.68 229105534.5
PARK GROUP PLC PKG VX -46896921.68 229105534.5
PARK GROUP PLC PKG EU -46896921.68 229105534.5
PARK GROUP PLC PRKG IX -46896921.68 229105534.5
PARK GROUP PLC PKG PZ -46896921.68 229105534.5
PARK GROUP PLC PKG PO -46896921.68 229105534.5
PARK GROUP PLC PKGGBP EO -46896921.68 229105534.5
PARK GROUP PLC PKG LN -46896921.68 229105534.5
PARSONS BRINCKER 4496363Z LN -4691186.744 159531362.7
PARTKESTREL LTD 1486546Z LN -90325648.32 1585961788
PATIENTLINE PLC PTL IX -54677284.64 124948245.8
PATIENTLINE PLC PTL PO -54677284.64 124948245.8
PATIENTLINE PLC PTL PZ -54677284.64 124948245.8
PATIENTLINE PLC PTL VX -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 2928899Q EO -54677284.64 124948245.8
PD PORT SERVICES 1407442Z LN -10969629.43 162071623.9
PEGASUS RETIREME 1025323Z LN -14474980.9 110180845.6
PENDRAGON PREMIE 1858506Z LN -9882654.702 157562986.3
PENNINE HOUSING 1892438Z LN -173655254.2 138682867.1
PEUGEOT CITROEN 1974702Z LN -75918857.1 186001199.9
PHONOGRAPHIC PER 1296410Z LN -7333794.897 201686757.6
PHS GROUP HOLDIN 3173182Z LN -155785961 1761269364
PHS GROUP PLC 592449Z LN -211011146 1915467185
PIL UK LTD 1194711Z LN -42514912.95 100686482
PIPEX UK LTD 3956092Z LN -94180733.77 183398680.1
PLACES FOR PEOPL 1914158Z LN -10355226.52 535789315.1
PLANNED MAINTENA 1344714Z LN -26609460.7 106403319.2
PORTSMOUTH FOOTB 2253627Z LN -93977761.27 177073811.1
POST OFFICE LTD 1542650Z LN -810274769.8 1745713935
POWERCORP INTERN 2075155Z LN -9861916.228 120277629
PPG METRO 500 LT 2224564Z LN -28999808.24 139145845.8
PREMIER OIL ONS 1992742Z LN -104423997 811581976.4
PREMIUM AIRCRAFT 1295466Z LN -31667987.25 104369715.9
PRESTBURY WENTWO 3814856Z LN -193029639.3 625471206.9
PRINOVIS LIVERPO 2074147Z LN -23730499.87 280965576.9
PRIORY EDUCATION 4453681Z LN -861445.5338 213349151.9
PRODUCTION SERVI 2278723Z LN -106295710.9 522254840.1
PROSTRAKAN GROUP PSK PZ -9666264.987 134080449.8
PROSTRAKAN GROUP PSK IX -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EU -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EU -9666264.987 134080449.8
PROSTRAKAN GROUP PSKGBP EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK S1 -9666264.987 134080449.8
PROSTRAKAN GROUP PKNGF US -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK PO -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK VX -9666264.987 134080449.8
PROSTRAKAN GROUP PSK LN -9666264.987 134080449.8
QUINN BUILDING P 3949900Z LN -22116104.71 1257547028
QUINN RADIATORS 1405898Z LN -38929824.49 280654750.5
R&R ICE CREAM LT 3624280Z LN -119415790.4 995648642.4
RAVEN HOUSING TR 4155997Z LN -1384128.565 165155995.7
RBS MEZZANINE LT 2198564Z LN -31627066.42 866060198.2
REAL ESTATE OP-O REO EO -1158383413 1692537506
REAL ESTATE OP-O REOGBP EO -1158383413 1692537506
REAL ESTATE OP-O REO LN -1158383413 1692537506
REAL ESTATE OP-O REO IX -1158383413 1692537506
REAL ESTATE OP-O REO VX -1158383413 1692537506
REAL ESTATE OP-O REO ID -1158383413 1692537506
REAL ESTATE OP-O REO EU -1158383413 1692537506
REAL ESTATE OP-O REO PZ -1158383413 1692537506
REAL ESTATE OP-O REA GR -1158383413 1692537506
RED FOOTBALL JOI 3277951Z LN -101906192.3 1372452972
REDCASTLE 214 OX 1195151Z LN -5844657.853 274975930.1
REDROW HOMES SOU 1797057Z LN -45356044.32 102538083.4
REDROW HOMES SOU 1797065Z LN -47639268.23 233726422.1
REGARD HOLDINGS 4157517Z LN -2678709.275 159772566.2
RENAULT RETAIL G 1569882Z LN -939316.5822 148920952.8
RENTOKIL INITIAL RTO LN -195196189.7 2808673659
RENTOKIL INITIAL RTOPEN EO -195196189.7 2808673659
RENTOKIL INITIAL RTOUSD EU -195196189.7 2808673659
RENTOKIL INITIAL RTO GR -195196189.7 2808673659
RENTOKIL INITIAL RTO PZ -195196189.7 2808673659
RENTOKIL INITIAL RTO PO -195196189.7 2808673659
RENTOKIL INITIAL RTOGBP EO -195196189.7 2808673659
RENTOKIL INITIAL RTO VX -195196189.7 2808673659
RENTOKIL INITIAL RTO1 GK -195196189.7 2808673659
RENTOKIL INITIAL RTO QM -195196189.7 2808673659
RENTOKIL INITIAL RTO EB -195196189.7 2808673659
RENTOKIL INITIAL RTOEUR EU -195196189.7 2808673659
RENTOKIL INITIAL RTOPEN EU -195196189.7 2808673659
RENTOKIL INITIAL RTO NQ -195196189.7 2808673659
RENTOKIL INITIAL RTO S1 -195196189.7 2808673659
RENTOKIL INITIAL RTO IX -195196189.7 2808673659
RENTOKIL INITIAL RTO BQ -195196189.7 2808673659
RENTOKIL INITIAL RTO NR -195196189.7 2808673659
RENTOKIL INITIAL RTOKF US -195196189.7 2808673659
RENTOKIL INITIAL RTOG IX -195196189.7 2808673659
RENTOKIL INITIAL RTO EU -195196189.7 2808673659
RENTOKIL INITIAL RTOUSD EO -195196189.7 2808673659
RENTOKIL INITIAL RTO1 GR -195196189.7 2808673659
RENTOKIL INITIAL RTO EO -195196189.7 2808673659
RENTOKIL INITIAL RTO TQ -195196189.7 2808673659
RENTOKIL INITIAL RTOEUR EO -195196189.7 2808673659
RENTOKIL INITIAL RKLIF US -195196189.7 2808673659
RENTOKIL-SP ADR AP76 LI -195196189.7 2808673659
RENTOKIL-SP ADR RTOKY US -195196189.7 2808673659
RIO TINTO LONDON 1313074Z LN -11248111.34 837785373.2
ROBINS & DAY LTD 1280922Z LN -36729873.15 136233088.2
ROSEMONT HOLDING 4391905Z LN -31339191.24 171491776.4
ROSYTH ROYAL DOC 2184524Z LN -51250390.37 170932412.7
ROYAL BANK LEASI 2177244Z LN -39584779.74 12845267029
ROYAL MAIL HOLDI 3900202Z LN -10344178409 9705181654
SAFFRON HOUSING 4448377Z LN -3777866.1 124457507.9
SAIPEM UK LTD 1472234Z LN -34531089.55 391340190.7
SALAMANDER ENERG 2706372Z LN -29541804.54 683160550.3
SAMPFORD UNDERWR 1230791Z LN -18964953.58 150532675.1
SCOTTISH MEDIA SSM LN -30869684.96 154348424.8
SCOTTISH MEDIA 1442Q GR -30869684.96 154348424.8
SCOTTISH MEDIA SSMR LN -30869684.96 154348424.8
SCOTTISH TELEV SCTVF US -30869684.96 154348424.8
SCOTTISH WIDOWS 1265663Z LN -10131728.42 433671573.2
SCOTTISHPOWER EN 2211292Z LN -388472480.2 2874992270
SCOTTS CO UK LTD 1154459Z LN -31443592.79 119553562.6
SEGRO FINANCE PU 2320833Z LN -1254907.484 270979842.3
SELWOOD HOUSING 1933982Z LN -5609259.85 165098338.1
SEVERN VALE HOUS 4287717Z LN -44717000.15 142537265.7
SHEFFIELD UNITED 1275418Z LN -17603955.28 111039465.6
SIMON CARVES LTD 1209367Z LN -153213598.1 103106141.1
SKANDIA LIFE BUS 1451642Z LN -1945833.316 191394739.6
SKYEPHARMA PLC SK8C GR -124570092.3 130962299.8
SKYEPHARMA PLC SKP BQ -124570092.3 130962299.8
SKYEPHARMA PLC SKP EU -124570092.3 130962299.8
SKYEPHARMA PLC SKP1 VX -124570092.3 130962299.8
SKYEPHARMA PLC SKP TQ -124570092.3 130962299.8
SKYEPHARMA PLC SKPGBP EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP IX -124570092.3 130962299.8
SKYEPHARMA PLC SKP VX -124570092.3 130962299.8
SKYEPHARMA PLC SKP PZ -124570092.3 130962299.8
SKYEPHARMA PLC SK8A GR -124570092.3 130962299.8
SKYEPHARMA PLC SKPEUR EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP PO -124570092.3 130962299.8
SKYEPHARMA PLC SKPEUR EU -124570092.3 130962299.8
SKYEPHARMA PLC SKYEF US -124570092.3 130962299.8
SKYEPHARMA PLC SKP LN -124570092.3 130962299.8
SKYEPHARMA -SUB 2976665Z LN -124570092.3 130962299.8
SKYEPHARMA-ADR SKYEY US -124570092.3 130962299.8
SKYEPHARMA-ADR SKYE US -124570092.3 130962299.8
SKYEPHARMA-ADR SKYPY US -124570092.3 130962299.8
SKYEPHARMA-ADR SK8 GR -124570092.3 130962299.8
SKYEPHARMA-ADR AP80 LI -124570092.3 130962299.8
SKYEPHARMA-ADR SK8N GR -124570092.3 130962299.8
SKYEPHAR-RTS F/P SKPF LN -124570092.3 130962299.8
SKYEPHAR-RTS F/P SKPF VX -124570092.3 130962299.8
SKYEPHAR-RTS N/P SKPN VX -124570092.3 130962299.8
SKYEPHAR-RTS N/P SKPN LN -124570092.3 130962299.8
SLP ENGINEERING 1855186Z LN -32035150.2 111509874.7
SMG PLC SMG LN -30869684.96 154348424.8
SMG PLC SMG PO -30869684.96 154348424.8
SMG PLC-FUL PAID SMGF LN -30869684.96 154348424.8
SMG PLC-NIL PAID SMGN LN -30869684.96 154348424.8
SMITHS NEWS PLC NWS S1 -96686010.48 285345604
SMITHS NEWS PLC NWS LN -96686010.48 285345604
SMITHS NEWS PLC SMWPF US -96686010.48 285345604
SMITHS NEWS PLC NWS2EUR EU -96686010.48 285345604
SMITHS NEWS PLC NWS1 EU -96686010.48 285345604
SMITHS NEWS PLC NWS1 EO -96686010.48 285345604
SMITHS NEWS PLC NWS2 EU -96686010.48 285345604
SMITHS NEWS PLC NWS2EUR EO -96686010.48 285345604
SMITHS NEWS PLC NWS VX -96686010.48 285345604
SMITHS NEWS PLC NWS1GBP EO -96686010.48 285345604
SMITHS NEWS PLC NWS PO -96686010.48 285345604
SMITHS NEWS PLC NWS IX -96686010.48 285345604
SMITHS NEWS PLC NWS2GBP EO -96686010.48 285345604
SMITHS NEWS PLC NWS1 BQ -96686010.48 285345604
SMITHS NEWS PLC NWS2 EO -96686010.48 285345604
SMITHS NEWS PLC NWS2 TQ -96686010.48 285345604
SMITHS NEWS PLC SMWPY US -96686010.48 285345604
SMITHS NEWS PLC NWS PZ -96686010.48 285345604
SOMERSTON HOTELS 1231735Z LN -35575589.67 108704983.3
SOMERSTON HOTELS 1167535Z LN -51211253.55 508558934.5
SONY COMPUTER EN 3893902Z LN -270582841.2 1433817117
SONY UNITED KING 1591658Z LN -784050234.3 2342876447
SOUTH STAFFORDSH 4049781Z LN -7077930.307 130208179.7
SOUTHERN CROSS SCHE IX -456857315.8 226500989.9
SOUTHERN CROSS SCHEUSD EO -456857315.8 226500989.9
SOUTHERN CROSS SCHEEUR EU -456857315.8 226500989.9
SOUTHERN CROSS SCHEEUR EO -456857315.8 226500989.9
SOUTHERN CROSS F2Z GR -456857315.8 226500989.9
SOUTHERN CROSS SCHE QM -456857315.8 226500989.9
SOUTHERN CROSS SCHE PZ -456857315.8 226500989.9
SOUTHERN CROSS SCHE NQ -456857315.8 226500989.9
SOUTHERN CROSS SCHE EB -456857315.8 226500989.9
SOUTHERN CROSS SCHEUSD EU -456857315.8 226500989.9
SOUTHERN CROSS SCHE EO -456857315.8 226500989.9
SOUTHERN CROSS SCHE S1 -456857315.8 226500989.9
SOUTHERN CROSS SCHE TQ -456857315.8 226500989.9
SOUTHERN CROSS SCHE EU -456857315.8 226500989.9
SOUTHERN CROSS SCHE BQ -456857315.8 226500989.9
SOUTHERN CROSS F2Z TH -456857315.8 226500989.9
SOUTHERN CROSS SOCHF US -456857315.8 226500989.9
SOUTHERN CROSS SCHE VX -456857315.8 226500989.9
SOUTHERN CROSS SCHE LN -456857315.8 226500989.9
SOUTHERN CROSS SCHE PO -456857315.8 226500989.9
SOUTHERN CROSS SCHE NR -456857315.8 226500989.9
SOUTHERN CROSS SCHEGBP EO -456857315.8 226500989.9
SOUTHERN ELECTRI 2635379Z LN -259913242.1 1437660480
SPEAR GROUP HOLD 4470999Z LN -91133585.59 140447896.6
SPEEDY 1 LTD 3722238Z LN -464739433.2 1384529500
SPEEDY SUPPORT S 1601730Z LN -34304692.53 146096457.3
SQUARE ENIX LTD 1826770Z LN -155713036.9 185670555.6
SR TECHNICS UK L 2900250Z LN -77404908.99 164414742.8
STAGECOACH SERVI 1584258Z LN -27470918.93 305042241.9
STARBUCKS COFFEE 1156111Z LN -43279602.2 213295057.7
STV GROUP PLC STVG EU -30869684.96 154348424.8
STV GROUP PLC STVG VX -30869684.96 154348424.8
STV GROUP PLC STVG EO -30869684.96 154348424.8
STV GROUP PLC SMG IX -30869684.96 154348424.8
STV GROUP PLC STVGGBP EO -30869684.96 154348424.8
STV GROUP PLC STVGEUR EO -30869684.96 154348424.8
STV GROUP PLC STVGEUR EU -30869684.96 154348424.8
STV GROUP PLC STVG LN -30869684.96 154348424.8
STV GROUP PLC SMG PZ -30869684.96 154348424.8
STV GROUP PLC STVG S1 -30869684.96 154348424.8
STV GROUP PLC SMG VX -30869684.96 154348424.8
STV GROUP PLC SMGPF US -30869684.96 154348424.8
SUN CHEMICAL LTD 2569274Z LN -21504458.55 276424178.5
SUNDERLAND ASSOC 1274418Z LN -20522907.95 131617422.5
SUNSAIL LTD 1092666Z LN -46608014.99 194329796.1
SW NO 1 LTD 1266351Z LN -141200260 138566867
SWIFT TECHNICAL 4287133Z LN -13473129.82 118980095.9
SWISS RE SERVICE 1209591Z LN -43306880.78 327991637.9
TATA CMMNCTNS UK 2534722Z LN -32378969.15 118690215.5
TAYLOR WIMPEY UK 1096922Z LN -63897271.12 5389915426
TDL INFOMEDIA 3362Z LN -4103374.146 172206907.7
TELEWEST COMMUNI 1646328Z LN -322407498.9 794173871.1
TELEWEST COMMUNI 1608194Z LN -459786702.9 9163459022
THALES CORPORATE 1083706Z LN -39356881.83 696177878.8
THAMES WATER FIN 1615Z LN -48749918.54 4474513723
THORN EMI PLC THNE FP -2265916257 2950021937
THORN EMI-ADR TORNY US -2265916257 2950021937
THORN EMI-ADR THN$ LN -2265916257 2950021937
THORN EMI-CDR THN NA -2265916257 2950021937
THORN EMI-REGD 1772Q GR -2265916257 2950021937
TIGER ASPECT PRO 1819690Z LN -1811042.92 108420699.7
TIMES NEWSPAPERS 2343939Z LN -648843186.8 663564537.7
TOPAZ ENERGY LTD 4156397Z LN -486865.8029 201580164.4
TOPPS TILES PLC TPT BQ -37156577.81 134888367.5
TOPPS TILES PLC TPTJY US -37156577.81 134888367.5
TOPPS TILES PLC TPTEUR EO -37156577.81 134888367.5
TOPPS TILES PLC TPT PO -37156577.81 134888367.5
TOPPS TILES PLC TPT PZ -37156577.81 134888367.5
TOPPS TILES PLC TPT IX -37156577.81 134888367.5
TOPPS TILES PLC TPTGBP EO -37156577.81 134888367.5
TOPPS TILES PLC TPT EO -37156577.81 134888367.5
TOPPS TILES PLC TPTEUR EU -37156577.81 134888367.5
TOPPS TILES PLC TPT VX -37156577.81 134888367.5
TOPPS TILES PLC TPT EU -37156577.81 134888367.5
TOPPS TILES PLC TPT TQ -37156577.81 134888367.5
TOPPS TILES PLC TPT S1 -37156577.81 134888367.5
TOPPS TILES PLC TPT LN -37156577.81 134888367.5
TOPPS TILES PLC TPTJF US -37156577.81 134888367.5
TOPPS TILES-NEW TPTN LN -37156577.81 134888367.5
TRANSACTION SYST 1724584Z LN -12727180.44 250347935.1
TRAVELEX HOLDING 2917958Z LN -1298945101 2546701094
TRAVELODGE LTD 3471462Z LN -391596042.3 1326034289
TRINITY MIRROR C 1871386Z LN -53485246.17 204376308.9
TRINITY MIRROR M 1871370Z LN -140843056.8 448783505.1
TRINITY MIRROR P 1511258Z LN -123528659.2 920027091.7
TRINITY MIRROR S 1512242Z LN -3205761.051 531281737.1
TSE DEVELOPMENT 2087531Z LN -251391473.8 571968273.4
TUBE LINES FINAN 1241207Z LN -2914999.962 2408518672
TUI UK LTD 1653824Z LN -371582799.9 4848194651
TYCO HEALTHCARE 1066794Z LN -12776603.56 314861589.2
UK POWER NETWORK 1195095Z LN -7426844.716 332722643.3
UNIGATE PLC UNGAF US -34143742.45 284687094.6
UNIGATE PLC UNGPF US -34143742.45 284687094.6
UNIGATE PLC UNIG LN -34143742.45 284687094.6
UNIGATE PLC 1577Q GR -34143742.45 284687094.6
UNIGATE PLC-ADR UNGAY US -34143742.45 284687094.6
UNILEVER UK CENT 1273034Z LN -1928848885 6056871052
UNIQ PLC UGE GR -34143742.45 284687094.6
UNIQ PLC UNQPF US -34143742.45 284687094.6
UNIQ PLC UNIQ PZ -34143742.45 284687094.6
UNIQ PLC UNIQ EO -34143742.45 284687094.6
UNIQ PLC UNIQ EU -34143742.45 284687094.6
UNIQ PLC UNIQEUR EO -34143742.45 284687094.6
UNIQ PLC UNIQ LN -34143742.45 284687094.6
UNIQ PLC UNIQF US -34143742.45 284687094.6
UNIQ PLC UNIQGBP EO -34143742.45 284687094.6
UNIQ PLC UNIQ PO -34143742.45 284687094.6
UNIQ PLC UNIQ IX -34143742.45 284687094.6
UNIQ PLC UNIQ VX -34143742.45 284687094.6
UNIQ PLC UGE1 GR -34143742.45 284687094.6
UNIQ PLC UNIQEUR EU -34143742.45 284687094.6
UNIQ PREPARED FO 1077122Z LN -120661558 355622471.3
UNITED BISCUITS 3193858Z LN -326896245.3 3316769414
UNITED UTILITIES 1209903Z LN -27701160.37 179120252.9
UNIVERSAL PICTUR 1083202Z LN -66200436.83 242851864.9
UPP NOTTINGHAM L 1958934Z LN -13938890.46 168152521.5
UPS LTD 1503290Z LN -128358198.9 422072199.6
VALE OF AYLESBUR 4006932Z LN -73416860.01 100856530.6
VANCO UK LTD 2784982Z LN -19948188.55 101300528.2
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 VMOB PO -392165409.3 166070003.7
VIRGIN MOBILE UEM GR -392165409.3 166070003.7
VIRGIN MOBILE VGMHF US -392165409.3 166070003.7
VIRGIN MOBILE VMOB VX -392165409.3 166070003.7
VIRGIN WINGS LTD 4500155Z LN -347033067.8 5365071310
VODAFONE UK CONT 1909662Z LN -52004914.2 193624994
VOYAGE GROUP LTD 4168725Z LN -89543682.76 572205624
WALES & WEST UTI 3688061Z LN -784167196.7 2080276139
WARNER ESTATE WNER EO -8021407.27 430482190.2
WARNER ESTATE WNERGBP EO -8021407.27 430482190.2
WARNER ESTATE WNER EU -8021407.27 430482190.2
WARNER ESTATE WNER PO -8021407.27 430482190.2
WARNER ESTATE WNER LN -8021407.27 430482190.2
WARNER ESTATE WNER IX -8021407.27 430482190.2
WARNER ESTATE WNER VX -8021407.27 430482190.2
WARNER ESTATE WNEHF US -8021407.27 430482190.2
WARNER ESTATE WRL GR -8021407.27 430482190.2
WARNER ESTATE WNER PZ -8021407.27 430482190.2
WARNER MUSIC UK 1075906Z LN -32488758.53 106000497.9
WEAVER VALE HOUS 3953220Z LN -60271595.72 104022836.2
WEETABIX LTD-A WEEBF US -397652099.9 909970808.9
WEETABIX LTD-A WTB OF Equity -397652099.9 909970808.9
WESCOT TOPCO LTD 4007020Z LN -18742009.49 116071906.1
WEST HAM UNITED 1275834Z LN -32153419.01 217336047.4
WESTBURY HOTEL L 1214607Z LN -4252380.749 239855108.5
WHITE YOUNG GREE WHY PZ -32392901.23 196106689.5
WHITE YOUNG GREE WHYEUR EU -32392901.23 196106689.5
WHITE YOUNG GREE WHY LN -32392901.23 196106689.5
WHITE YOUNG GREE WHY VX -32392901.23 196106689.5
WHITE YOUNG GREE WHY EU -32392901.23 196106689.5
WHITE YOUNG GREE WHYGBP EO -32392901.23 196106689.5
WHITE YOUNG GREE WHYEUR EO -32392901.23 196106689.5
WHITE YOUNG GREE WHY EO -32392901.23 196106689.5
WHITE YOUNG GREE WHY PO -32392901.23 196106689.5
WHITE YOUNG-NEW WHYN LN -32392901.23 196106689.5
WIGHTLINK LTD 1385642Z LN -15131435.92 231775265.6
WINCANTON PL-ADR WNCNY US -162158252.9 1389119000
WINCANTON PLC WIN1 EU -162158252.9 1389119000
WINCANTON PLC WIN PO -162158252.9 1389119000
WINCANTON PLC WIN1 EO -162158252.9 1389119000
WINCANTON PLC WIN1 TQ -162158252.9 1389119000
WINCANTON PLC WIN VX -162158252.9 1389119000
WINCANTON PLC WNCNF US -162158252.9 1389119000
WINCANTON PLC WIN1 NQ -162158252.9 1389119000
WINCANTON PLC WIN1 BQ -162158252.9 1389119000
WINCANTON PLC WIN1 S1 -162158252.9 1389119000
WINCANTON PLC WIN PZ -162158252.9 1389119000
WINCANTON PLC WIN1GBP EO -162158252.9 1389119000
WINCANTON PLC WIN1USD EU -162158252.9 1389119000
WINCANTON PLC WIN1EUR EO -162158252.9 1389119000
WINCANTON PLC WIN1 QM -162158252.9 1389119000
WINCANTON PLC WIN1EUR EU -162158252.9 1389119000
WINCANTON PLC WIN1USD EO -162158252.9 1389119000
WINCANTON PLC WIN LN -162158252.9 1389119000
WINCANTON PLC WIN IX -162158252.9 1389119000
WINCANTON PLC WIN1 EB -162158252.9 1389119000
WINDSOR TELEVISI 1475394Z LN -232297665.7 340517582.8
WYG PLC WHY IX -32392901.23 196106689.5
WYG PLC WYGEUR EO -32392901.23 196106689.5
WYG PLC WYG EU -32392901.23 196106689.5
WYG PLC WYGGBP EO -32392901.23 196106689.5
WYG PLC WYG PZ -32392901.23 196106689.5
WYG PLC WYG EO -32392901.23 196106689.5
WYG PLC WYGEUR EU -32392901.23 196106689.5
WYG PLC WYG LN -32392901.23 196106689.5
XAFINITY HOLDING 4168309Z LN -18683833 243588520.5
XCHANGING UK LTD 1814130Z LN -27188853.3 285255216.3
XSTRATA SERVICES 1975918Z LN -88056666.54 169405671
YARLINGTON HOUSI 4435313Z LN -18443811.91 276648958.8
YOUNG'S BLUECRES 1841386Z LN -46554226.38 279057376.4
ZURICH EMPLOYMEN 1292298Z LN -128495966.5 133351472.5
*********
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.
A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com
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., Frederick, Maryland USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Psyche A. Castillon, Ivy B. Magdadaro, Frauline
S. Abangan and Peter A. Chapman, Editors.
Copyright 2011. 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$625 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 Christopher Beard at 240/629-3300.
* * * End of Transmission * * *