/raid1/www/Hosts/bankrupt/TCREUR_Public/141125.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, November 25, 2014, Vol. 15, No. 233
Headlines
A U S T R I A
BEE FIRST: Fitch Affirms 'BB+' Rating on EUR6.7MM Class D Notes
B U L G A R I A
CORPORATE COMMERCIAL: Sofia Court Stops Insolvency Proceedings
C Y P R U S
FIRTH RIXSON: S&P Withdraws 'B' CCR on Acquisition
D E N M A R K
OW BUNKER: Australian Unit Up For Sale
OW BUNKER: Second Singaporean Unit Files for Liquidation
G E R M A N Y
GRAND CITY: S&P Ups Corp. Credit Rating From BB+; Outlook Stable
WEPA HYGIENEPRODUKTE: Moody's Lifts Corp. Family Rating to 'Ba3'
G R E E C E
GREECE: Bailout Review Faces Delay as Troika Demands Not Met
I T A L Y
LUCCHINI SPA: Term for Submission of Final Offers Expires
MANUTENCOOP FACILITY: S&P Lowers CCR to 'B'; Outlook Stable
I R E L A N D
AVOCA CLO XIII: Moody's Rates EUR13MM Class F Notes '(P)B2'
AVOCA CLO XIII: Fitch Assigns 'B-(EXP)' Rating to Class F Notes
K A Z A K H S T A N
KAZAKHSTAN'S FUND: Moody's Assigns (P)Ba2 Rating to KZT15BB Debt
L U X E M B O U R G
QGOG CONSTELLATION: S&P Affirms 'BB+' CCR; Outlook Stable
N E T H E R L A N D S
WOOD STREET III: Moody's Affirms 'B1' Rating on Class E Notes
R O M A N I A
FRIGOEXPRES: Court Approves Reorganization Plan
TCE 3: Owner Dies Two Months After Bankruptcy
R U S S I A
MTS BANK: Moody's Cuts LT Deposit Rating to 'B2'; Outlook Neg.
SAMARA OBLAST: S&P Affirms 'BB+' ICR; Outlook Negative
S L O V E N I A
KD GROUP: Fitch Assigns BB- Issuer Default Rating; Outlook Stable
S P A I N
CATALONIA: S&P Affirms 'BB/B' ICRs on Continued Liquidity Support
ENCE ENERGIA: Moody's Confirms 'Ba3' CFR; Outlook Negative
FONCAIXA PYMES 5: DBRS Rates EUR274.5MM Series B Notes '(P)B'
PYMES SANTANDER 6: S&P Affirms 'CC' Rating on Class C Notes
SANTANDER CONSUMER 2014-1: Fitch Rates Class E Notes 'CC'
SANTANDER CONSUMER 2014-1: DBRS Rates Class E Notes '(P)C'
VALENCIA SPAIN: S&P Affirms 'BB-/B' ICRs; Outlook Stable
T U R K E Y
TURKEY: S&P Affirms 'BB+/B' Sovereign Credit Ratings
U N I T E D K I N G D O M
DECO 8: Fitch Affirms 'Dsf' Rating on GBP2.8MM Class G Notes
FOUR SEASONS: Terra Firm Appoints Blackstone to Advise on Options
GROUNDWORK BRIDGEND: In Administration, Cuts 20++ Jobs
MILLNET DOCUMENT: In Administration After Key Clients Cuts Work
NOUGAT LONDON: In Administration on Challenging Market Conditions
SANDWELL COMMERCIAL: S&P Cuts Rating on Class E Notes to 'CCC-'
TOWERGATE HOLDINGS: Moody's Cuts Corporate Family Rating to Caa1
ZESTDEW LTD: December 5 Proofs of Claim Filing Deadline Set
X X X X X X X X
* Large Companies with Insolvent Balance Sheets
*********
=============
A U S T R I A
=============
BEE FIRST: Fitch Affirms 'BB+' Rating on EUR6.7MM Class D Notes
---------------------------------------------------------------
Fitch Ratings has affirmed Bee First Finance S.A.-Compartment
Edelweiss 2013-1's notes
EUR232.5 million Class A notes, due Jan. 2022: affirmed at
'AAAsf'; Outlook Stable
EUR18.4 million Class B notes, due Jan. 2022: affirmed at 'Asf';
Outlook Stable
EUR9.3 million Class C notes, due Jan. 2022: affirmed at 'BBBsf';
Outlook Stable
EUR6.7 million Class D notes, due Jan. 2022: affirmed at 'BB+sf';
Outlook Stable
The transaction is a one-year revolving securitization of vehicle
lease receivables originated in Austria by EBV Leasing GmbH & Co.
KG (EBV), ultimately owned by Erste Bank Group AG (Erste Bank,
A/Negative/F1).
KEY RATING DRIVERS
The affirmation reflects the transaction's satisfactory
performance to date. As of end-Oct. 2014 cumulative defaults
stood at 0.65% and cumulative losses were 0.38%, in line with
Fitch's expectations.
The transaction's revolving period is scheduled to end in Dec.
2014. During this period the pool composition has remained
largely unchanged.
Excess spread is available to cover losses and thus far has been
sufficient to cover all losses without drawing upon the reserve
fund.
The static cash reserve, funded at closing by the originator
through a subordinated loan, equal to 1.25% of the portfolio
balance (EUR3.3 million), will provide CE by covering for any
unpaid principal deficiency ledger. The reserve has been fully
funded since closing.
The class A, B, C and D notes will be redeemed sequentially.
This mechanism ensures that potential losses are first allocated
to the junior notes, providing CE to the more senior ones.
Senior note CE is expected to rise, once the notes start
amortizing.
As of the last report date the pool collateral consisted of
20,779 auto lease receivables granted to private (58.1%) and
commercial (41.9%) borrowers. The average outstanding balloon
amount was EUR6,435 as of end-Oct. 2014.
Fitch expects the repayment abilities of Austrian consumers to
remain stable, based on flat unemployment rates (4.8% expected
for 2014 and 4.7% for 2015), an improvement in GDP growth (1.6%
forecasted for 2015, up from an estimated 1.3% in 2014) and
stable interest rates.
RATING SENSITIVITIES
The rating of the class D notes cannot exceed Erste Group Bank's
Issuer Default Rating (IDR), due to the exposure of up to 5% of
the portfolio to Erste Bank's employees. In addition, Fitch has
used the contractual servicing/back-up servicing fee of 20bp in
its modeling for the lower rating categories (instead of its
normal servicing fee assumption of 70bp) as in such scenarios the
agency assumes that Erste Bank will perform its obligations. For
those reasons, significant changes to Erste Bank's IDR may lead
to changes to the rating of the class D notes.
Unexpected increases in the default rate and loss severity on
defaulted loans could produce loss levels greater than the base
case and could result in negative rating actions on the notes.
===============
B U L G A R I A
===============
CORPORATE COMMERCIAL: Sofia Court Stops Insolvency Proceedings
--------------------------------------------------------------
Novinite.com reports that the Sofia City Court has stopped
insolvency proceedings launched at Corporate Commercial Bank
(KTB).
At its first session on the case held on Nov. 24, the Sofia City
Court thus complied with the appeal filed by KTB's majority owner
Bromak with the Supreme Administrative Court, Novinite.com
relates.
The closed-door meeting included questioning representatives of
KTB, the Bulgarian National Bank (BNB), the Sofia City
Prosecutor's Office and the Deposit Insurance Fund (DIF),
Novinite.com discloses.
The court announced last week that it might have to take the
step, since the Bulgarian Law on Bank Bankruptcy provides for
suspending the proceedings if a judicial appeal has blocked them
until the administrative legal controversy has been sorted out,
Novinite.com recounts.
Earlier this month, the BNB scrapped the license of KTB, and a
court session was scheduled at the central bank's request for
Nov. 24, Novinite.com notes.
The court's move will not affect repayment of deposits held at
Corpbank by customers who have been waiting for months to have
access to their savings, Novinite.com states.
According to Novinite.com, payment is due to start on Dec. 4,
with the DIF expected to announce later on Monday which nine
banks will be in charge.
About Corporate Commercial Bank AD
Corporate Commercial Bank AD is the fourth largest bank in
Bulgaria in terms of assets, third in terms of net profit, and
first in terms of deposit growth.
Bulgaria's central bank placed Corpbank under its administration
and suspended shareholders' rights in June 2014 after a run
drained the bank of cash to meet client demands.
===========
C Y P R U S
===========
FIRTH RIXSON: S&P Withdraws 'B' CCR on Acquisition
--------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings,
including the 'B' corporate credit rating, on Firth Rixson
(Cyprus) Ltd. following Alcoa Inc.'s acquisition of the company.
=============
D E N M A R K
=============
OW BUNKER: Australian Unit Up For Sale
--------------------------------------
Cliff Sanderson at Dissolve.com.au reports that urgent
expressions of interest are sought for the sale of the business
and assets of O.W. Bunker Australia Pty Ltd. The company is
currently in voluntary administration, the report says.
Todd Andrew Gammel -- tgammel@hlbnsw.com.au -- of HLB Mann Judd
was appointed as administrator of the company on Nov. 12, 2014,
Dissolve.com.au discloses.
About OW Bunker
OW Bunker A/S is a Danish shipping fuel provider.
On Nov. 7, 2014, OW Bunker A/S, which went public in March,
declared bankruptcy and reported two employees at its Singapore
unit to the police following allegations of fraud. It owes 15
banks a total of about US$750 million.
OW Bunker said on Nov. 5 it lost US$275 million through a
combination of fraud committed by senior executives at its
Singapore office and poor risk management. Trading in its shares
was suspended on Nov. 5 and the company said its banks had
refused to provide more credit.
OW Bunker's U.S. businesses, which opened in 2012 as part of its
global expansion, filed Chapter 11 petitions on Nov. 13.
OW BUNKER: Second Singaporean Unit Files for Liquidation
--------------------------------------------------------
Eric Yep at The Wall Street Journal reports that Dynamic Oil
Trading Singapore Pte. Ltd. filed for liquidation on November 18,
making it the second Singapore subsidiary of OW Bunker A/S to go
bust.
Parent company OW Bunker filed for bankruptcy on Nov. 8 after an
alleged $125 million fraud at Dynamic Oil Trading Singapore and
the failure of internal risk-management systems, the Journal
says.
Last week, another unit of OW Bunker, OW Bunker Far East
(Singapore) Pte. Ltd., filed for liquidation, the Journal
discloses. O.W. Bunker has also placed its U.S. subsidiaries in
Chapter 11 bankruptcy, the Journal relates.
KPMG has been appointed as provisional liquidator for both
Dynamic Oil Trading Singapore and OW Bunker Far East Singapore, a
KPMG spokeswoman confirmed, but declined to provide further
details, according to the Journal.
Creditors' claims against Dynamic Oil Trading and OW Bunker Far
East now total almost SGD48 million (US$37.2 million) from eight
companies in Singapore so far, the Journal says citing court
documents.
The largest claim made yet is by Hin Leong Trading Pte. Ltd., one
of Singapore's largest independent oil traders. It has stated a
claim of around SGD5.5 million from OW Bunker Far East and
SGD15.4 million from Dynamic Oil, according to court documents
reviewed by The Wall Street Journal.
Bunker House Petroleum Pte. Ltd. has stated claims of
SGD5.2 million from OW Bunker Far East, while Japan's Mitsui &
Co. Energy Trading Singapore Pte. Ltd. has stated a claim of
almost SGD12.9 million from Dynamic Oil Trading, the Journal
relates.
Other claimants are Golden Island Diesel Oil Trading Pte. Ltd.,
Sirius Marine Pte. Ltd., Equatorial Marine Fuel Management
Services Pte. Ltd., Panoil Petroleum Pte. Ltd. and TNS Bunkers
(S) Pte. Ltd., says the Journal.
According to the Journal, the liquidation process will now
require creditors to file a proof of claim -- a document that
asserts a creditor's right over a liquidator's asset -- which
will be reviewed by the court, followed by a meeting of
creditors.
About OW Bunker
OW Bunker A/S is a Danish shipping fuel provider.
On Nov. 7, 2014, OW Bunker A/S, which went public in March,
declared bankruptcy and reported two employees at its Singapore
unit to the police following allegations of fraud. It owes 15
banks a total of about US$750 million.
OW Bunker said on Nov. 5 it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singapore office and poor risk management. Trading in its shares
was suspended on Nov. 5 and the company said its banks had
refused to provide more credit.
OW Bunker's U.S. businesses, which opened in 2012 as part of its
global expansion, filed Chapter 11 petitions on Nov. 13.
=============
G E R M A N Y
=============
GRAND CITY: S&P Ups Corp. Credit Rating From BB+; Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services raised to 'BBB-' from 'BB+'
its long-term corporate credit rating on Germany-based
residential real estate company Grand City Properties S.A. (GCP).
The outlook is stable.
At the same time, S&P raised to 'BBB-' from 'BB+' its issue
ratings on GCP's outstanding convertible bonds of EUR275 million
due 2019 and its EUR500 million senior secured bonds due 2021, in
line with the corporate credit rating.
The upgrade reflects S&P's view that GCP's business risk profile
has improved due to its increased focus on managing a stabilized
portfolio of income-producing properties, its increased portfolio
size of about EUR2.2 billion, and its greater geographical spread
across densely populated regions in Germany. S&P is therefore
revising its assessment of GCP's business risk profile upward to
"satisfactory" from "fair."
S&P understands that management is committed to maintaining a
large, stable, recurring cash flow base from the rental income
stream, with limited asset disposals. Through a very acquisitive
period, GCP's property portfolio grew from EUR500 million at the
end of 2012 to EUR2.2 billion as of Nov. 2014. The company
increased its geographic presence across Germany; it mostly
operates in favorable regions which S&P considers to have good
rental growth prospects, such as Berlin, Cologne, and Leipzig.
S&P's assessment also reflects solid demographic trends in these
metropolitan areas. Demand continues to outpace supply from new
property developments.
S&P revised GCP's business risk profile upward because the
company's property portfolio had grown to 43,000 owned units and
because of its very good asset and tenant diversity. GCP has
demonstrated a good track record in acquiring affordable housing
blocks that have below-market rents and high vacancies, and
successfully lifting occupancy and rent levels following
renovation and refurbishment. The portfolio of properties that
have occupancy rates above 95% and stable rental income has
increased from 33% at year-end 2013 to 40% as of Nov. 2014.
These positives more than offset S&P's view that, given GCP's
rapid growth, management has a shorter track record in
maintaining a larger portfolio that is not at the turnaround
stage. The asset quality of most apartments in GCP's portfolio
is average to low, and over 90% of rents are below market level.
Vacancy levels of 13.4% remain high compared with other Standard
& Poor's-rated real estate companies in the residential segment.
In 2014 to 2015, S&P forecasts that average rents will increase,
and that the average vacancy rate (13.4%) and average stay of
tenants (10 years) will remain stable.
S&P continues to assess GCP's financial risk profile as
"intermediate," based on S&P's adjusted ratio of debt to debt
plus equity of about 50% and a favorable fixed-charge coverage
ratio of over 3x. In view of the favorable equity and debt
capital markets, S&P considers that management has the means to
undertake acquisitions of moderate size without increasing
leverage in the capital structure. S&P also notes that the
unencumbered asset base had increased to 50% of the total
portfolio as of Sept. 2014 and S&P expects this ratio to continue
to rise moderately.
S&P has revised upward its financial projections for 2014-2015,
taking into account GCP's recent acquisitions, refinancing
activities, and its lower average cost of debt.
S&P's base case assumes:
-- Gross rental income of about EUR210 million-EUR215 million
for 2014, based on recent acquisitions and positive like-
for-like rental income growth of over 5%, resulting from
rent increases and improvements in occupancy;
-- Decreased EBITDA margin of approximately 52%-53% for 2014
and 2015, because revenues will not yet fully offset the
higher operating expenses from GCP's larger portfolio;
-- Average cost of debt of about 2% achieved through GCP's
recent refinancing activities.
Based on these assumptions, S&P arrives at these credit measures:
-- Debt to EBITDA of approximately 9x in 2014, improving to
closer to 8x in 2015;
-- Debt to debt-plus-equity of about 50%;
-- A fixed-charge coverage of over 3x and an interest coverage
ratio of over 4x in the next 12-24 months.
Based on S&P's business and financial risk assessments, it could
have chosen an anchor for the rating of 'bbb-' or 'bbb'. S&P
chose the lower of these because of GCP's limited track record of
managing a portfolio of this size that has a smaller proportion
of newly acquired assets.
The stable outlook reflects S&P's opinion that GCP's recurring
cash flow and debt leverage should remain steady in 2014-2015.
Under S&P's base-case scenario for 2014, it forecasts positive
like-for-like rental income growth of about 5% to 6%, based on an
increase in average rents and a stable occupancy rate. Solid
demand for GCP's apartments in most locations should lead to
higher rents. Rating stability depends on the company
maintaining a debt-to-capital ratio of up to 50% and a fixed-
charge coverage ratio of more than 3x.
S&P is most likely to raise the ratings further if GCP's
portfolio matures further and vacancy rates fall to close to or
below 10%. An upgrade would also depend on a greater proportion
of GCP's portfolio comprising long-term income-producing
properties and on further evidence of management's success in
managing a larger portfolio.
S&P could also raise the rating if GCP were to reduce its
Standard & Poor's-adjusted debt to debt-plus-equity to closer to
40% or below, and to maintain that level as part of a more
conservative financial policy.
S&P could lower the rating if GCP alters its current policy to
accommodate higher leverage through large debt-financed
acquisitions, or if it increases its asset rotation, which would
reduce the stability of cash flows. S&P could also lower the
rating if GCP's fixed-charge coverage ratio decreased to less
than 2x and its debt-to-capital ratio increased to more than 50%
on a sustained basis. Although S&P do not consider it likely,
this could occur if the company acquired large portfolios of
properties that required more extensive renovation than the
assets it has acquired in the past.
WEPA HYGIENEPRODUKTE: Moody's Lifts Corp. Family Rating to 'Ba3'
----------------------------------------------------------------
Moody's Investors Service has upgraded the Corporate Family
Rating ("CFR") to Ba3 and the Probability of Default Rating to
Ba3-PD of WEPA Hygieneprodukte GmbH (WEPA) by one notch.
Concurrently, Moody's upgraded WEPA's 6.5% Senior Secured Notes
due 2020 to B1. The outlook was changed to positive from stable.
"We have upgraded WEPA's ratings because the company has been
building a track record of resilient credit metrics and improving
profitability on the back of its portfolio optimization program
over the last three years," says Matthias Volkmer, a Moody's Vice
President - Senior Analyst and lead analyst for WEPA. "We expect
the company to gradually further improve credit metrics despite
pursuing expansive growth opportunities."
Ratings Rationale
WEPA's upgrade to Ba3 is driven by a significant reduction of
leverage per September 2014 to 3.6x, which positions the credit
solidly in the Ba3 category. The positive outlook reflects Moody
expectation that WEPA is likely to improve its profitability and
maintain its leverage more sustainably around 3.5 over time. In
addition, the rating is supported by the group's solid market
positions in the production of private label consumer tissue
products, which benefit from stable demand due to the largely
non-discretionary nature of the products. Strong ties with
leading European retailers including joint product development
support WEPA's market position. Furthermore, its focus on private
label products is seen as a strength in the currently challenging
macroeconomic environment as it could allow WEPA to gain market
share at the expense of branded products. The rating also
considers the earnings recovery since 2012 and assumes that these
improvements can be sustained on the back of portfolio
optimization measures and improved internal efficiencies.
Conversely, the rating is constrained by the moderate scale of
WEPA as indicated by sales of about EUR865 million in the last
twelve months period to September 2014 as well as limited
geographic diversification. In addition, the relatively narrow
product portfolio and dependency on a couple of large retailers
makes WEPA vulnerable to changes in these markets. There is
further caution with regards to the price competitive nature of
the industry with strong bargaining power of retailers and
susceptibility of profitability to volatile input costs that
leave the company exposed to potential margin volatility.
Notwithstanding, WEPA was able to decrease its leverage to 3.6x
Debt/EBITDA for the LTM period to September 2014 from initially
4.7x as at year end 2012, underpinning Moody's positive long-term
view of WEPA's ratings.
The positive outlook reflects Moody's expectation that WEPA will
continue its track record of gradual profit improvements
supported by fairly balanced supply and demand conditions in
Europe with currently few new substantial capacity under
construction. It is also built on Moody assumption of WEPA
maintaining a adequate liquidity profile and sufficient headroom
under its financial covenants.
WEPA's liquidity profile is adequate. Internal sources include
cash on hand of EUR24.7 million as per September 2014. In
addition, Moody note that WEPA has access to a revolving credit
facility ("RCF") amounting to EUR90 million as well as to about
EUR85 million of factoring/securitization agreements. These
sources as well as cash flow generation should be sufficient to
fund working cash requirements, capex forecasted at around EUR30
million per year, and additional investment plans amounting to
EUR75 -110 million between 2014 and 2018, with the RCF in place
to support seasonal working capital swings. The liquidity
assessment incorporates periods of negative free cash generation
due to its possibly increased investment plans but revert to
positive value again during 2016 and thereafter.
What Could Move the Rating -- UP
Moody would consider a positive rating action if Moody's adjusted
Debt/EBITDA (incl. Off-balance-financing) were to be sustainably
maintained around 3.5x with EBITDA margins of above 13% and
consistently positive free cash flow generation.
What Could Move the Rating -- DOWN
Negative pressure could build if WEPA was unable to maintain
profitability, with Debt/EBITDA moving towards 4.5x on a Moody's
adjusted basis (incl. Off-balance-financing). A negative rating
action could also be triggered by a weakening liquidity profile.
Ratings:
Issuer: Wepa Hygieneprodukte GmbH
Probability of Default Rating, Upgraded to Ba3-PD from B1-PD
Corporate Family Rating, Upgraded to Ba3 from B1
Senior Secured, Upgraded to B1, LGD4 -63% from B2, LGD4-65%
Outlook:
Issuer: Wepa Hygieneprodukte GmbH
Outlook Positive from Stable
The B1 rating assigned to the EUR327 million senior secured notes
is one notch below the group's corporate family rating. The
rating on this instrument reflects its junior ranking behind the
EUR90 million super senior revolving credit facility (RCF) and
Moody assumption of preferred treatment of trade payables in a
going concern scenario. The RCF and the senior secured notes
share the same collateral package, consisting of a pledge over
materially all of the group's assets as well as upstream
guarantees from most of the group's operating subsidiaries,
representing more than 85% of aggregate assets and EBITDA.
However, RCF lenders benefit from priority treatment in a default
scenario as their claims will be discharged before any remaining
proceeds will be distributed to the holders of the proposed
senior secured notes.
The principal methodology used in this rating was the Global
Paper and Forest Products Industry published in October 2013.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.
WEPA Hygieneprodukte GmbH, based in Arnsberg (Germany), is a
leading producer and supplier of tissue paper products in Europe.
The company employs approximately 3,000 staff, which generated
about EUR865 million of sales in the LTM ending in September
2014.
===========
G R E E C E
===========
GREECE: Bailout Review Faces Delay as Troika Demands Not Met
------------------------------------------------------------
Nikos Chrysoloras at Bloomberg News reports that Greece's
government and its international creditors are deadlocked over a
final round of measures required to release the last tranche of
the country's bailout.
According to Bloomberg, two people familiar with the situation
said Prime Minister Antonis Samaras's government is resisting
pressure from the so-called troika of creditors for additional
budget savings in 2015 of as much as EUR2.5 billion (US$3.1
billion). They said the impasse risks leaving Greece without a
backstop on Jan. 1 after the program ends, Bloomberg relays.
Bloomberg notes that one person said troika representatives are
furious because the Greek government has failed to come up with
any concrete measures to plug the fiscal gap since euro-area
finance ministers warned earlier this month about a lack of
progress in Greece meeting its commitments. Both said that with
the government in Athens refusing to concede there is a funding
hole, the standoff means Greece may miss a Dec. 8 deadline for
agreement on the steps required to unlock the aid and what comes
after it, Bloomberg relates.
"There will be no new austerity measures, no fiscal measures,"
Bloomberg quotes Evangelos Venizelos, the deputy prime minister
and leader of the junior coalition partner PASOK, as saying on
Tuesday after meeting with Samaras to discuss the negotiations
with the troika. "We will hold our ground."
Discussions on a follow-up program can begin "only once a staff-
level agreement for the completion of the review has been
reached," European Commission spokeswoman Mina Andreeva, as cited
by Bloomberg, said. The troika will return to Athens to complete
the review "as soon as the conditions are there."
=========
I T A L Y
=========
LUCCHINI SPA: Term for Submission of Final Offers Expires
---------------------------------------------------------
The terms for the submission of the final irrevocable offers for
the purchase of all or a part of the business complexes run by
Lucchini S.p.A. and Lucchini Servizi S.r.l. expired on Nov. 18,
2014.
Lucchini S.p.A. and Lucchini Servizi S.r.l. are in extraordinary
receivership proceedings. Dott. Piero Nardi serves as
Extraordinary Receiver of the Lucchini entities.
The assets for sale were selected by the Extraordinary Receiver
and are located at the Lucchini plant in Piombino, Largo Caduti
sul Lavoro 21.
The business complexes on sale are the following:
(a) business complex for the iron and steel activities run by
Lucchini at the Piombino plant, consisting of:
(i) blast furnace, coke-oven plant, steel plant and their
facilities, machinery and equipment;
(ii) rolling mills (i.e. rail mill, rod mill and a small-
medium bar mill);
(iii) polishing plants;
(iv) logistic and harbor activities;
(v) land and buildings owned by Lucchini or used by
Lucchini by virtue of public concessions;
(vi) employment contracts and other contracts entered into
by Lucchini for the activities carried out in the
plants under points (i) to (v) above;
(vii) stocks;
(viii) trade marks and other intellectual property rights;
(b) business complex for the verticalization, cold processing
and polishing of wire rods and bar run by Lucchini at the
Piombino plant, consisting of:
(i) industrial building and lands owned by Lucchini;
(ii) industrial facilities and machinery;
(iii) employment contracts;
(c) business complex run by Lucchini Servizi at the Piombino
plant, consisting of:
(i) machinery and equipment;
(ii) maintenance contracts and other service contracts; and
(iii) employment contracts.
Any final decision on the sale of all or part of the business
complexes will be in any case be subject to the previous
authorization of the Ministry of Economic Development, having
heard the Surveillance Committee.
MANUTENCOOP FACILITY: S&P Lowers CCR to 'B'; Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
corporate credit rating on Italy-based facility services provider
Manutencoop Facility Management SpA (MFM) to 'B' from 'B+'. The
outlook is stable.
At the same time, S&P lowered the issue rating on MFM's EUR425
million senior secured notes to 'B' from 'B+'. The recovery
rating on the notes is '3', indicating S&P's expectation of
meaningful (50%-70%) recovery for lenders in the event of a
payment default.
"The downgrade reflects our view that Italy's weak economic and
operating environment, marked by increased pricing pressure
combined with lower number of signed contracts, will materially
weaken MFM's profitability," said Standard & Poor's credit
analyst Renato Panichi. "The company has not been able to fully
mitigate the impact of the Telecom Italia contract downsize in
Oct. 2013, and reported a 6% revenue decline in the first nine
months of fiscal 2014. While we previously expected the group to
win new contracts to offset the downsize of Telecom Italia, we
now expect much lower revenue growth in 2015 and 2016 from new
contract wins."
The lower revenue growth also reflects the relatively longer
review period undertaken by Italian public authorities in
awarding tenders. Additionally, Standard & Poor's believes there
is an inherent risk of reputational damage arising from the Milan
prosecutors' investigation on MFM's CEO and other top executives,
and the Italian competition authorities' investigation regarding
the tendering of the Consip contract, which may put additional
pressure to revenues in the next few quarters.
S&P expects the revenue decline to also affect EBITDA margin as
it believes it will be rather challenging for MFM to cut costs at
same pace as revenues, even though MFM's cost base is rather
flexible. During the first nine months of 2014 the company's
reported EBITDA declined by 15%. S&P considers the company's
recent announcement that it had started a review to identify
possible rationalization and cost saving actions as a positive,
as this may mitigate pressure on profitability. However, at this
stage it is difficult to estimate the scope of such actions and
potential cost savings.
The stable outlook reflects S&P's view that MFM will generate
modest free operating cash flow despite the current difficult
environment in Italy.
=============
I R E L A N D
=============
AVOCA CLO XIII: Moody's Rates EUR13MM Class F Notes '(P)B2'
-----------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following provisional ratings to notes to be issued by Avoca CLO
XIII Limited:
EUR5,000,000 Class A-1 Senior Secured Fixed Rate Notes due 2028,
Assigned (P)Aaa (sf)
EUR235,000,000 Class A-2 Senior Secured Floating Rate Notes due
2028, Assigned (P)Aaa (sf)
EUR14,000,000 Class B-1 Senior Secured Fixed Rate Notes due
2028, Assigned (P)Aa2 (sf)
EUR29,000,000 Class B-2 Senior Secured Floating Rate Notes due
2028, Assigned (P)Aa2 (sf)
EUR27,000,000 Class C Deferrable Mezzanine Floating Rate Notes
due 2028, Assigned (P)A2 (sf)
EUR19,000,000 Class D Deferrable Mezzanine Floating Rate Notes
due 2028, Assigned (P)Baa2 (sf)
EUR26,000,000 Class E Deferrable Junior Floating Rate Notes due
2028, Assigned (P)Ba2 (sf)
EUR13,000,000 Class F Deferrable Junior Floating Rate Notes due
2028, Assigned (P)B2 (sf)
Moody's issues provisional ratings in advance of the final sale
of financial instruments, but these ratings only represent
Moody's preliminary credit opinions. Upon a conclusive review of
a transaction and associated documentation, Moody's will endeavor
to assign definitive ratings. A definitive rating (if any) may
differ from a provisional rating.
Ratings Rationale
Moody's provisional rating of the rated notes addresses the
expected loss posed to noteholders by legal final maturity of the
notes in 2028. The provisional ratings reflect the risks due to
defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's
is of the opinion that the collateral manager, KKR Credit
Advisors (Ireland) ("KKR Credit Advisors"), has sufficient
experience and operational capacity and is capable of managing
this CLO.
Avoca CLO XIII Limited is a managed cash flow CLO. At least 90%
of the portfolio must consist of senior secured loans or senior
secured bonds, and up to 10% of the portfolio may consist of
senior unsecured loans, second-lien loans, mezzanine obligations
and high yield bonds. The portfolio is expected to be 60% ramped
up as of the closing date and to be comprised predominantly of
corporate loans to obligors domiciled in Western Europe. The
remainder of the portfolio will be acquired during the six month
ramp-up period in compliance with the portfolio guidelines.
KKR Credit Advisors will manage the CLO. It will direct the
selection, acquisition and disposition of collateral on behalf of
the Issuer and may engage in trading activity, including
discretionary trading, during the transaction's four-year
reinvestment period. Thereafter, purchases are permitted using
principal proceeds from unscheduled principal payments and
proceeds from sales of credit risk obligations, and are subject
to certain restrictions.
In addition to the eight classes of notes rated by Moody's, the
Issuer will issue EUR 46 million of subordinated notes which will
not be rated.
The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to
pay down the notes in order of seniority.
KKR Credit Advisors will acquire and hold 50% of the outstanding
shares in the Issuer. The remaining 50% of the Issuer's
outstanding shares will be held by a charitable trust. However,
in a typical CLO transaction 100% of the Issuer's shares would be
held by a charitable trust. As a result, certain structural
mitigants have been put in place to ensure that Avoca CLO XIII
will remain bankruptcy remote from KKR Credit Advisors (for
example, covenants to maintain a majority of independent
directors in Avoca CLO XIII, prohibition on KKR Credit Advisors
from acquiring more shares in Avoca CLO XIII, covenants to
maintain that Avoca CLO XIII and KKR Credit Advisors are operated
as separate businesses, and a share charge given by KKR Credit
Advisors over its shares in the Issuer securing it's observance
of such covenants).
Factors that would lead to an upgrade or downgrade of the rating:
The rated notes' performance is subject to uncertainty. The
notes' performance is sensitive to the performance of the
underlying portfolio, which in turn depends on economic and
credit conditions that may change. KKR Credit Advisors'
investment decisions and management of the transaction will also
affect the notes' performance.
Loss and Cash Flow Analysis:
Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in
Section 2.3 of the "Moody's Global Approach to Rating
Collateralized Loan Obligations" rating methodology published in
February 2014. The cash flow model evaluates all default
scenarios that are then weighted considering the probabilities of
the binomial distribution assumed for the portfolio default rate.
In each default scenario, the corresponding loss for each class
of notes is calculated given the incoming cash flows from the
assets and the outgoing payments to third parties and
noteholders. Therefore, the expected loss or EL for each tranche
is the sum product of (i) the probability of occurrence of each
default scenario and (ii) the loss derived from the cash flow
model in each default scenario for each tranche. As such, Moody's
encompasses the assessment of stressed scenarios.
Moody's used the following base-case modeling assumptions:
Par amount: EUR400,000,000
Diversity Score: 34
Weighted Average Rating Factor (WARF): 2750
Weighted Average Spread (WAS): 3.75%
Weighted Average Recovery Rate (WARR): 44.5%
Weighted Average Life (WAL): 8 years.
Stress Scenarios:
Together with the set of modeling assumptions above, Moody's
conducted additional sensitivity analyses, which were important
components in determining the provisional rating assigned to the
rated notes. These sensitivity analyses include increasing the
default probability relative to the base case. Below is a summary
of the impact of an increase in default probability (expressed in
terms of WARF level) on each of the rated notes (shown in terms
of the number of notch difference versus the current model
output, whereby a negative difference corresponds to higher
expected losses), holding all other factors equal:
Sensitivities are:
Percentage Change in WARF: WARF + 15% (to 3163 from 2750)
Ratings Impact in Rating Notches:
Class A-1 Senior Secured Fixed Rate Notes: 0
Class A-2 Senior Secured Floating Rate Notes: 0
Class B-1 Senior Secured Fixed Rate Notes: -2
Class B-2 Senior Secured Floating Rate Notes: -2
Class C Deferrable Mezzanine Floating Rate Notes: -2
Class D Deferrable Mezzanine Floating Rate Notes: -1
Class E Deferrable Junior Floating Rate Notes: 0
Class F Deferrable Junior Floating Rate Notes: 0
Percentage Change in WARF: WARF +30% (to 3575 from 2750)
Class A-1 Senior Secured Fixed Rate Notes: -1
Class A-2 Senior Secured Floating Rate Notes: -1
Class B-1 Senior Secured Fixed Rate Notes: -3
Class B-2 Senior Secured Floating Rate Notes: -3
Class C Deferrable Mezzanine Floating Rate Notes: -3
Class D Deferrable Mezzanine Floating Rate Notes: -2
Class E Deferrable Junior Floating Rate Notes: -1
Class F Deferrable Junior Floating Rate Notes: -2
Methodology Underlying the Rating Action:
The principal methodology used in this rating was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
February 2014.
AVOCA CLO XIII: Fitch Assigns 'B-(EXP)' Rating to Class F Notes
---------------------------------------------------------------
Fitch Ratings has assigned Avoca CLO XIII Limited notes expected
ratings, as:
Class A1: 'AAA(EXP)sf'; Outlook Stable
Class A2: 'AAA(EXP)sf'; Outlook Stable
Class B1: 'AA+(EXP)sf'; Outlook Stable
Class B2: 'AA+(EXP)sf'; Outlook Stable
Class C: 'A(EXP)sf'; Outlook Stable
Class D: 'BBB(EXP)sf'; Outlook Stable
Class E: 'BB(EXP)sf'; Outlook Stable
Class F: 'B-(EXP)sf'; Outlook Stable
Subordinated notes: not rated
The assignment of the final ratings is contingent on the receipt
of final documents conforming to information already reviewed.
Avoca CLO XIII Limited is an arbitrage cash flow collateralized
loan obligation (CLO). Net proceeds from the issuance of the
notes will be used to purchase a EUR400 million portfolio of
European leveraged loans and bonds. The portfolio is managed by
KKR Credit Advisors (Ireland). The transaction features a four-
year reinvestment period.
KEY RATING DRIVERS
'B'/'B-' Portfolio Credit Quality
Fitch expects the average credit quality of obligors to be in the
'B'/'B-' range. Fitch has credit opinions on 99.3% of the
identified portfolio. The covenanted maximum Fitch weighted
average rating factor (WARF) for assigning the expected ratings
is 33.0. The WARF of the identified portfolio is 31.8.
High Recovery Expectations
At least 90% of the portfolio will comprise senior secured loans
and bonds. Recovery prospects for these assets are typically
more favorable than for second-lien, unsecured, and mezzanine
assets. Fitch has assigned Recovery Ratings to 99.3% of the
assets in the identified portfolio. The covenanted maximum Fitch
weighted average recovery rate (WARR) for assigning the expected
ratings is 68.0. The WARR of the identified portfolio is 70.6.
Selling Bonds to Address a Regulatory Change
The issuer has not been registered under the United States
Investment Company Act of 1940, as amended, in reliance on both
section 3(c)(7) and Rule 3a-7. The transaction allows the
manager to buy bonds; however, the manager may be required to
sell the bonds if a regulatory change occurs. In Fitch's view,
the sale of these assets could expose the issuer to additional
market value losses which could negatively impact the rating of
the notes.
However Fitch took into consideration the legal advice stating
that the regulator change condition does not force the issuer to
sell the bonds at all costs (fire sale). In addition, Fitch ran
a sensitivity scenario by assuming a 20% bond bucket sold at 50%
of par at day one which confirmed that the ratings would largely
remain within one rating category if the sale resulted in
additional market value losses.
Documentation Amendments
The transaction documents may be amended subject to rating agency
confirmation or noteholder approval. Where rating agency
confirmation relates to risk factors, Fitch will analyze the
proposed change and may provide a rating action commentary if the
change has a negative impact on the ratings. Such amendments may
delay the repayment of the notes as long as Fitch's analysis
confirms the expected repayment of principal at the legal final
maturity.
If in the agency's opinion the amendment is risk-neutral from a
rating perspective Fitch may decline to comment. Noteholders
should be aware that the structure considers the confirmation to
be given if Fitch declines to comment.
RATING SENSITIVITIES
A 25% increase in the expected obligor default probability would
lead to a downgrade of up to two notches for the rated notes. A
25% reduction in expected recovery rates would lead to a
downgrade of up to four notches for the rated notes.
===================
K A Z A K H S T A N
===================
KAZAKHSTAN'S FUND: Moody's Assigns (P)Ba2 Rating to KZT15BB Debt
----------------------------------------------------------------
Moody's Investors Service has assigned a provisional (P)Ba2
rating to the KZT15 billion debt program of Kazakhstan's Fund of
Financial Support for Agriculture (FFSA). Concurrently, Moody's
assigned a Ba2 local-currency senior unsecured debt rating to the
upcoming KZT6 billion first tranche to be issued under this
program. The Ba2 local-currency senior unsecured debt rating
carries a stable outlook. Any subsequent local-currency debt
issuance by FFSA under the program will be rated at the same
level, subject to there being no material change in the company's
overall credit rating.
The Ba2 local-currency debt rating was assigned to the following
debt instruments to be issued by FFSA under the first bond
program:
5-year KZT6 billion Senior Unsecured Bonds with a coupon of
8.5%
Ratings Rationale
The (P)Ba2 rating assigned to the debt program and the Ba2 local-
currency senior unsecured debt rating assigned to the first KZT6
billion tranche is based on FFSA's issuer rating of Ba2. The
rating is underpinned by the institution's standalone strength
and reflects its strong financial fundamentals, evidenced by its
substantial capital buffers, adequate profitability and favorable
repayment schedule for the next four years. However, the rating
also takes into account FFSA's risky and rapidly growing loan
portfolio, as well as the cyclical nature of the agriculture
sector and the volatile operating environment in Kazakhstan.
In accordance with Moody's rating methodology for Government
Related Issuers (GRIs), FFSA's ratings also incorporate ratings
uplift based on the rating agency's assumption of a "moderate"
probability of government support, given (1) the institution's
development mandate and its role in terms of policy
implementation; (2) its support to the agriculture sector; and
(3) its full government ownership with no intention to privatize.
The rating assigned to FFSA's bond program is provisional.
Ratings assigned to future drawdowns will be contingent on their
specific terms and conditions and are expected to be aligned with
the first bonds issued under this program.
Principal Methodology
The methodologies used in this rating were Government-Related
Issuers published in October 2014, and Global Banks published in
July 2014.
===================
L U X E M B O U R G
===================
QGOG CONSTELLATION: S&P Affirms 'BB+' CCR; Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB+' corporate
credit rating on QGOG Constellation S.A. and its issue-level
rating on the company's US$700 million senior unsecured seven-
year notes. The outlook is stable.
"We view QGOG Constellation as a project developer and base our
ratings on its ability to meet financial obligations at the
holding level thanks to dividend distributions from its operating
subsidiaries," said Standard & Poor's credit analyst Candela
Macchi.
The credit rating reflects the total quality of the residual
distributions from the company's projects. S&P has made this
analytical judgment based on its segregation of assets into
special purpose entities (SPEs) and its extensive use of
nonrecourse project financing in most of these. A key element of
a project developer's evaluation is the assignment of a quality
of cash flow (QCF) score to each dividend stream from its asset
portfolio. In this particular case, S&P focused its analysis on
the company's offshore drilling business, which represents more
than 90% of its net revenues. From the offshore drilling
business, S&P individually analyzed the company's main subsidiary
drilling rig projects (Lone Star Offshore Ltd., Alpha Star
Equities Ltd., Amaralina Star Ltd., Laguna Star Ltd., Olinda Star
Ltd., Gold Star Equities Ltd., Alaskan/Atlantic Rigs Ltd.
and Brava Star Ltd). S&P expects these projects will contribute
more than 90% of dividends to QGOG Constellation through 2019,
when its corporate bond matures.
The ratings on QGOG Constellation continue to reflect the
company's reliance on these substantive distributions from a
particular portfolio of assets to service its debt and its
geographic and customer concentration in Brazil, as most of its
contracts are with Petroleo Brasileiro S.A. - Petrobras
(Petrobras; BBB-/Stable/--). The offsetting factors are its
strong competitive position as one of the largest oil and gas
drilling services provider in the country and one of the top 10
global players, the stable contractual base, including the signed
charter and service agreements at fixed day rates, with
relatively long tenors that would provide a predictable stream of
cash flow. The company enjoys minor construction risk, as the
majority of its assets are already operating, and a long track
record as an experienced operator in the industry.
=====================
N E T H E R L A N D S
=====================
WOOD STREET III: Moody's Affirms 'B1' Rating on Class E Notes
-------------------------------------------------------------
Moody's Investors Service has taken a variety of rating actions
on the following notes issued by Wood Street CLO III B.V.:
EUR137.5 million (currently outstanding EUR 68.7M) Class A-1
Senior Secured Floating Rate Notes due 2022, Affirmed Aaa (sf);
previously on Jun 30, 2006 Assigned Aaa (sf)
EUR187 million (currently outstanding EUR 93.4M) Class A-2A
Senior Secured Floating Rate Notes due 2022, Affirmed Aaa (sf);
previously on Jun 30, 2006 Assigned Aaa (sf)
EUR33 million (currently outstanding EUR 16.5M) Class A-2B
Senior Secured Floating Rate Notes due 2022, Affirmed Aaa (sf);
previously on Jun 30, 2006 Assigned Aaa (sf)
EUR49.5 million Class B Senior Secured Floating Rate Notes due
2022, Upgraded to Aa1 (sf); previously on Nov 20, 2012 Upgraded
to Aa3 (sf)
EUR44 million Class C Senior Secured Deferrable Floating Rate
Notes due 2022, Upgraded to Baa1 (sf); previously on Nov 20,
2012 Upgraded to Baa2 (sf)
EUR24.75 million Class D Senior Secured Deferrable Floating Rate
Notes due 2022, Affirmed Ba3 (sf); previously on Nov 20, 2012
Confirmed at Ba3 (sf)
EUR16.5 million (currently outstanding EUR 13.9M) Class E Senior
Secured Deferrable Floating Rate Notes due 2022, Affirmed B1
(sf); previously on Nov 20, 2012 Confirmed at B1 (sf)
EUR6 million (currently outstanding EUR 3M) Class W Combination
Notes due 2022, Upgraded to A3 (sf); previously on Nov 20, 2012
Upgraded to Baa1 (sf)
Wood Street CLO III B.V., issued in June 2006, is a
Collateralised Loan Obligation ("CLO") backed by a portfolio of
mostly high yield European loans. The portfolio is managed by
Alcentra Limited. This transaction exited its reinvestment period
in August 2012. It is predominantly composed of senior secured
loans.
Ratings Rationale
The actions on Classes B and C notes are primarily a result of
deleveraging of the senior notes and subsequent improvement of
over-collateralization ratios in the last 6 months. Classes A-1,
A-2A and A-2B notes have paid down in total by EUR45.8M at the
last payment date in August 2014.
As a result of the deleveraging, over-collateralization has
increased. As per the latest trustee report dated October 2014,
the Classes A/B and Class C overcollateralization ratios are
reported at 145.43% and 121.92%, respectively, compared to
138.30% and 119.16% in the April 2014 report.
The rating on the combination notes addresses the repayment of
the rated balance on or before the legal final maturity. For
Class W, the 'rated balance' at any time is equal to the
principal amount of the combination note on the issue date times
a rated coupon of 0.25% per annum accrued on the rated balance on
the preceding payment date, minus the sum of all payments made
from the issue date to such date, of either interest or
principal. The rated balance will not necessarily correspond to
the outstanding notional amount reported by the trustee.
The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. In its base
case, Moody's analyzed the underlying collateral pool as having a
performing par and principal proceeds balance of EUR328.3
million, defaulted par of EUR14,3 million, a weighted average
default probability of 24.28% (consistent with a WARF of 3549), a
weighted average recovery rate upon default of 46.19% for a Aaa
liability target rating, a diversity score of 24 and a weighted
average spread of 4.32%.
In its base case, Moody's addresses the exposure to obligors
domiciled in countries with local currency country risk bond
ceilings (LCCs) of A1 or lower. Given that the portfolio has
exposures to 13.38% of obligors in Italy and Spain, whose LCC is
A2 (Italy) and A1 (Spain), Moody's ran the model with different
par amounts depending on the target rating of each class of
notes, in accordance with Section 4.2.11 and Appendix 14 of the
methodology. The portfolio haircuts are a function of the
exposure to peripheral countries and the target ratings of the
rated notes, and amount to 1.35% for the Class A notes and 0.85%
for the Class B notes.
The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on
future defaults is based primarily on the seniority of the assets
in the collateral pool. For a Aaa liability target rating,
Moody's assumed a recovery of 50% of the 89.10% of the portfolio
exposed to first-lien senior secured corporate assets upon
default and of 15% of the remaining non-first-lien loan corporate
assets upon default. In each case, historical and market
performance and a collateral manager's latitude to trade
collateral are also relevant factors. Moody's incorporates these
default and recovery characteristics of the collateral pool into
its cash flow model analysis, subjecting them to stresses as a
function of the target rating of each CLO liability it is
analyzing.
Methodology Underlying the Rating Action:
The principal methodology used in this rating was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
February 2014.
Factors that would lead to an upgrade or downgrade of the rating:
In addition to the base-case analysis, Moody's conducted
sensitivity analyses on the key parameters for the rated notes,
for which it assumed a lower weighted average spread in the
portfolio. Moody's ran a model in which it lowered the weighted
average spread by 30bp; the model generated outputs that were
within one notch of the base-case results.
This transaction is subject to a high level of macroeconomic
uncertainty, which could negatively affect the ratings on the
note, in light of 1) uncertainty about credit conditions in the
general economy. CLO notes' performance may also be impacted
either positively or negatively by 1) the manager's investment
strategy and behavior and 2) divergence in the legal
interpretation of CDO documentation by different transactional
parties because of embedded ambiguities.
Additional uncertainty about performance is due to the following:
* Portfolio amortization: The main source of uncertainty in
this transaction is the pace of amortization of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortization could accelerate as a consequence of high loan
prepayment levels or collateral sales by the liquidation
agent/the collateral manager or be delayed by an increase in loan
amend-and-extend restructurings. Fast amortization would usually
benefit the ratings of the notes beginning with the notes having
the highest prepayment priority.
* Around 24.29% of the collateral pool consists of debt
obligations whose credit quality Moody's has assessed by using
credit estimates.
* Recovery of defaulted assets: Market value fluctuations in
trustee-reported defaulted assets and those Moody's assumes have
defaulted can result in volatility in the deal's over-
collateralization levels. Further, the timing of recoveries and
the manager's decision whether to work out or sell defaulted
assets can also result in additional uncertainty. Moody's
analyzed defaulted recoveries assuming the lower of the market
price or the recovery rate to account for potential volatility in
market prices. Recoveries higher than Moody's expectations would
have a positive impact on the notes' ratings.
* Long-dated assets: The presence of assets that mature beyond
the CLO's legal maturity date exposes the deal to liquidation
risk on those assets. Moody's assumes that, at transaction
maturity, the liquidation value of such an asset will depend on
the nature of the asset as well as the extent to which the
asset's maturity lags that of the liabilities. Liquidation values
higher than Moody's expectations would have a positive impact on
the notes' ratings.
In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision.
=============
R O M A N I A
=============
FRIGOEXPRES: Court Approves Reorganization Plan
-----------------------------------------------
Oana Gavrila at Ziarul Financiar reports that Frigoexpres has had
its reorganization plan approved in court.
The company went insolvent in August 2013, Ziarul Financiar
relates.
Frigoexpres is an Oradea-based freight shipping company.
TCE 3: Owner Dies Two Months After Bankruptcy
---------------------------------------------
Gabriel Raz at Ziarul Financiar reports that Culita Tarata, one
of the best-known and influential Romanian farmers, died on
Nov. 21, only two months and a half after his company TCE 3 Brazi
went bankrupt.
The company has debts of almost EUR30 million, Ziarul Financiar
reports.
TCE 3 Brazi is based in Romania.
===========
R U S S I A
===========
MTS BANK: Moody's Cuts LT Deposit Rating to 'B2'; Outlook Neg.
--------------------------------------------------------------
Moody's Investors Service has downgraded MTS Bank, OJSC's long-
term local- and foreign-currency deposit ratings to B2 from B1,
and the foreign-currency subordinate debt rating to B3 from B2
with negative outlook. Concurrently, Moody's affirmed the bank's
Not Prime short-term local- and foreign-currency deposit ratings.
MTS Bank's standalone bank financial strength rating (BFSR) of
E+, equivalent to a baseline credit assessment (BCA) of b3, is
not affected by this rating action and carries stable outlook.
This action concludes the review for downgrade initiated by
Moody's on 21 October 2014.
Moody's assessment of MTS Bank's ratings is largely based on its
unaudited financial statements for the first six months of
2014 -- prepared under IFRS -- as well as information received
from the bank.
Ratings Rationale
The one-notch downgrade of MTS Bank's deposit and debt ratings
follows the recent rating action on the bank's parent Sistema
Joint Stock Financial Corporation (Sistema), and reflects the
reduced capacity of the parent to provide capital and funding
support to its subsidiary, as indicated in the downgrade of
Sistema's corporate family rating to B1 from Ba2 with negative
outlook. The rating action on Sistema is discussed in detail in
the press release "Moody's downgrades Sistema JSFC to B1;
negative outlook", published 18 November 2014, on moodys.com.
However Moody's notes that MTS Bank's ratings continue to benefit
from a one-notch uplift from the bank's b3 BCA, reflecting the
rating agency's assessment of a moderate probability of parental
support from Sistema. Moody's also recognizes the high degree of
interdependence between the parent and the subsidiary, as
evidenced by MTS Bank's involvement both in providing financial
services to the Sistema group of companies, and in the
partnership with MTS -- the largest mobile phone operator in
Russia and core asset of Sistema.
The negative outlook on MTS Bank's ratings mirrors that on the
parent's ratings, and reflects Moody's assessment of the risks
associated with further potential weakening of Sistema's
financial strength which, in turn, could reduce the benefit from
parental support to the bank.
What Could Move the Rating -- UP
Upward pressure on MTS Bank's long-term ratings is unlikely at
present, given that the issuer's and the parent's ratings both
carry negative outlooks.
The upward potential of MTS Bank's standalone rating is also
limited, given dominance of downward trends in MTS Bank's
financial performance. In the longer term, the ratings could be
upgraded if the bank eliminates risks of capital erosion by
improving its risk-adjusted profitability and decreasing the
volume of problem loans. These developments would serve to both
improve MTS Bank's credit risk profile and enhance its loss
absorption capacity.
What Could Move the Rating -- DOWN
Downward pressure could be exerted on MTS Bank's ratings as a
result of any further deterioration in asset quality, as well as
any weakening of its capitalization or profitability.
A downgrade of Sistema's ratings or weakening of its capacity or
willingness to provide support to MTS Bank could also lead to
downward adjustment of MTS Bank's ratings.
Principal Methodology
The principal methodology used in this rating was Global Banks
published in July 2014.
Domiciled in Moscow, Russia, MTS Bank reported total consolidated
assets of RUB206.3 billion (US$6.1 billion) and total equity of
RUB25.8 billion under unaudited IFRS at end-June 2014. In the
same reporting period, the bank posted a net IFRS loss of RUB1.1
billion (US$32.7 million).
SAMARA OBLAST: S&P Affirms 'BB+' ICR; Outlook Negative
------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB+' long-term
issuer credit rating on Russia's Samara Oblast. The outlook is
negative.
At the same time, S&P affirmed the 'ruAA+' Russia national scale
rating on the oblast.
RATIONALE
The ratings on Samara Oblast reflect S&P's view of Russia's
volatile and unbalanced institutional framework, which limits the
oblast's revenue and expenditure autonomy and translates into
weak budgetary flexibility. The ratings are also constrained by
S&P's view of the oblast's economy as weak, due to only modest
wealth levels, and weak financial management in an international
comparison. The oblast's average budgetary performance and
adequate liquidity are neutral for its creditworthiness. The
ratings are supported by S&P's view of the oblast's low debt and
very low contingent liabilities. The long-term rating is at the
same level as S&P's assessment of Samara's stand-alone credit
profile at 'bb+'.
Samara Oblast is one of Russia's key industrial regions, but S&P
forecasts its gross regional product (GRP) per capita will stay
below US$10,000 until 2016. S&P also expects the oblast's tax
base to remain dominated by a few large taxpayers. Oil
production and refining provide about 16% of GRP, and S&P
projects that the oblast's 10 largest taxpayers will account for
about 25% of its 2014 tax revenues, with an estimated 10% coming
from subsidiaries of OJSC Oil Co. Rosneft. This modest
concentration exposes the oblast's budget revenues to the
volatility of global oil prices and changes in the national tax
regime. S&P expects that in 2014-2015 corporate profit tax
payments from the largest taxpayers will stagnate in nominal
terms, owing to negative effects of the lower oil prices and
rapid ruble depreciation. Other tax revenues will likely
increase only modestly on the back of the slow economic growth
that S&P forecasts in Russia.
Under Russia's volatile and unbalanced institutional framework,
the federal government regulates the majority of regional
revenues and expenditure responsibilities. Samara Oblast's
modifiable revenues (mainly transport tax and nontax revenues)
are low -- S&P forecasts they will account for only 7% of the
oblast's operating revenues on average in the next three years --
and don't provide much flexibility. The leeway is also
restricted on the expenditure side, especially due to the need to
raise social spending in line with 2012 presidential decrees. In
2014, to alleviate pressure on regional budgets, the federal
government softened some of its mandated spending targets for
2015-2017. Nevertheless, Samara Oblast will have to continue
optimizing operating spending to raise public sector salaries and
invest into social infrastructure.
In 2014, Samara Oblast's budgetary performance will likely be
broadly equal to that of 2013. As S&P had expected under its
base-case scenario, in 2014 the management will cut costs on
maintenance of the budgetary units and will decrease the
initially planned capital investment program to compensate for
weak revenue growth. In 2015-2017, performance will likely
remain average in S&P's opinion, although the operating margins
will gradually weaken. S&P forecasts the operating balance will
drop to about 5% of operating revenues on average, compared with
10% in 2012-2014. Deficits after capital accounts will likely
stay at about 8% of total revenues on average, compared with 5%
on average in 2012-2014.
Over the past three years, the oblast has increased capital
investment, and S&P expects it to maintain capital expenditures
at about 17% of total spending in 2015-2017. Apart from
addressing social infrastructure development needs, the oblast
will finance preparations for the soccer World Cup in 2018 in the
city of Samara. The total cost is currently estimated at about
Russian ruble (RUB) 56.4 billion (about US$1.2 billion). The
oblast plans to provide up to 50% of the needed amount and the
rest will be cofinanced from the federal budget and private
investors. The exact funding scheme is currently being
discussed, but S&P understands that it will be a priority for the
oblast's political leadership and might undermine the efforts to
maintain fiscal discipline over the medium term.
The oblast's tax-supported debt will continue to grow and will
likely exceed 50% of consolidated operating revenues in 2016.
S&P considers this debt level to be low in an international
context. However, in the context of the volatile capital markets
and rising interest rates in Russia, it will likely translate
into relatively high debt service for Samara Oblast.
S&P includes the minor guaranteed and nonguaranteed debt of
Samara Oblast's government-related entities (GREs) into S&P's
calculations of tax-supported debt. Following a revision of
S&P's criteria, it has changed its assessment of Samara Oblast's
outstanding contingent liabilities to very low from low. S&P
estimates GRE payables at about 3% of the oblast's operating
revenues, and believes that its municipal sector is relatively
financially healthy.
S&P views Samara Oblast's financial management as weak in an
international context, as S&P do for most Russian local and
regional governments. This is mainly due to S&P's view of the
oblast's lack of reliable long-term financial and capital
planning, and limited visibility regarding the policy for GREs.
At the same time, S&P believes the oblast's expenditure and debt
management is more sophisticated than the Russian average.
Liquidity
S&P views Samara Oblast's liquidity position as adequate, as
defined in S&P's criteria. This is because S&P expects the
oblast's debt service coverage to be strong, with free cash, cash
on the accounts of budgetary units, and committed credit
facilities covering more than 120% of debt service falling due
within the next 12 months. S&P also applies a negative
adjustment for what it views as the oblast's limited access to
external liquidity, given the weaknesses of the domestic capital
market.
"We forecast that, until the end of 2014 and throughout the first
three quarters of 2015, the oblast will have average cash -- net
of the deficit after capital accounts -- of about RUB8 billion
(about US$170 million). The cash will cover about 60% of debt
service falling due in this period. At the same time, the oblast
might temporarily tap a portion of cash on the accounts of its
budgetary units, which we forecast to average about RUB3.5
billion, and will continue to use committed bank lines. Our
base-case scenario assumes that, by the end of 2014, Samara
Oblast will organize new committed bank lines with three- to
seven-year maturities and will maintain the undrawn amounts under
these lines as it did in 2014. Average available cash, together
with credit facilities, will then exceed annual debt service by
more than 1.6x," S&P said.
"In our base-case scenario, we forecast that, despite the current
turbulence in the domestic capital market, the oblast will
maintain its cautious approach to borrowing and will continue to
build a relatively smooth debt repayment schedule for 2015-2017
and thereafter. It will also likely obtain low-interest-rate
loans from the federal budget, which could partly alleviate
refinancing needs and decrease interest payments. Debt service
will therefore likely increase only gradually to about 12% of
operating revenues in 2015-2017, compared with 10% in 2014," S&P
added.
OUTLOOK
The negative outlook reflects S&P's view that it might become
increasingly difficult for Samara Oblast to adhere to its fiscal
targets and maintain low debt if faced with slower revenue growth
in 2015-2016.
S&P might lower the ratings within the next 12 months if, in line
with its downside scenario, the oblast fails to implement cost-
cutting measures that in turn lead to structural deficits after
capital accounts of 10% of total revenues on average over 2014-
2017 and a debt level above 60% of consolidated operating
revenues in 2016. Under this scenario, S&P would likely revise
its assessment of the oblast's budgetary flexibility to very weak
and of its debt burden to moderate, and may also revise down
S&P's views of revenue and expenditure and debt management.
S&P could revise the outlook to stable within the next 12 months
if, in line with its base-case scenario, Samara Oblast's
management remained committed to its currently prudent financial,
debt, and liquidity management policies, and maintained average
budgetary performance and adequate liquidity, despite expenditure
pressures and turbulence on the capital markets.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.
The committee's assessment of the key rating factors is reflected
in the Ratings Score Snapshot.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook.
RATINGS LIST
Ratings Affirmed
Samara Oblast
Issuer Credit Rating BB+/Negative/--
Russia National Scale ruAA+/--/--
Senior Unsecured BB+
Senior Unsecured ruAA+
===============
S L O V E N I A
===============
KD GROUP: Fitch Assigns BB- Issuer Default Rating; Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has assigned Slovenian composite insurer Adriatic
Slovenica Zavarovalna druzba d.d. (Adriatic Slovenica) an Insurer
Financial Strength (IFS) rating of 'BBB-' and its holding
company, KD Group, financna druzba, d.d. (KD Group) an Issuer
Default Rating (IDR) of 'BB-' The Outlooks are Stable.
KEY RATING DRIVERS
The ratings reflect KD Group's strong market position in the
Slovenian insurance and asset management market and its adequate
capitalization. However, the ratings are limited by the group's
high financial leverage, its historically weak profitability and
its relatively small size.
Fitch regards KD Group as having a small market position and
size/scale, based on global benchmarks, with total assets of
EUR0.8 billion, gross written premiums (GWP) of EUR316 million
and shareholders' funds of EUR109 million at end-2013.
Nevertheless, it is one of the largest financial service
providers in the Balkan region, with Adriatic Slovenica being the
second-largest insurer in Slovenia and the group's asset
management operations having a market share of around 21% in the
Slovenian mutual fund market. Fitch views this strong position in
the local market as a rating positive.
KD Group's high financial leverage of 51% at end-2013 is a
negative rating driver. However, Fitch views positively that the
group has been reducing leverage since 2008.
Fitch views KD Group's capitalization as "adequate" on a
consolidated basis as measured by the agency's Prism factor-based
capital model. While Adriatic Slovenica reported a strong
regulatory solvency ratio of 175% at end-2013, the KD Group
consolidated Prism score is negatively affected by the group
having a high amount of goodwill on its balance sheet, which
Fitch does not give credit for in its capital assessment.
KD Group reported a profit in 2013 of EUR6.6 million, following
losses between 2009 and 2012 driven by its underperforming bank
business (which was disposed of in 2012) and losses from other
non-core corporate affiliates affected by the financial crisis.
The insurance company, Adriatic Slovenica, has been consistently
profitable, reporting annual net income of over EUR10 million for
each of the past five years and an average return on equity of
18%. Fitch expects the group to remain profitable in 2014,
following reported half-year net income in 1H14 of EUR4.2 million
(1H13: EUR4.4 million).
KD Group plans to divest most non-core assets and focus on its
core insurance and asset management businesses. Fitch expects
this to improve the group's performance and generate extra cash
flow over the next three years.
As 74% of the group's assets are held in Slovenian investments
and 94% of the group's revenue is in Slovenia (BBB+/Stable), the
group's performance is exposed to the local economy. This
includes the risk of losses on the EUR362.5 million of non-unit
linked investments, and the risk of lapses on the EUR216.3
million of unit-linked liabilities. For example, in 2013 write-
downs on Slovenian banks led to losses of EUR16.3m for Adriatic
Slovenica.
RATING SENSITIVITIES
KD Group's leverage falling to below 40% in combination with
stabilized profitability could lead to an upgrade.
The ratings could be downgraded if:
-- The group fails to rollover or refinance its current debt;
Or
-- It fails to build its cash balance at the holding company
through retained earnings; or
-- The group's consolidated capital position declines to a
Prism score of below "adequate" for a sustained period of
time.
=========
S P A I N
=========
CATALONIA: S&P Affirms 'BB/B' ICRs on Continued Liquidity Support
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB' long-term
and 'B' short-term issuer credit ratings on the Spanish
Autonomous Community of Catalonia. The outlook remains stable.
RATIONALE
The ratings reflect S&P's view of Catalonia's very weak budgetary
performance and very high debt, due to a long history of large
fiscal imbalances. Consequently, the region's access to private
funding is difficult. Catalonia's debt service relies heavily on
central government funding mechanisms, which are however legally
defined and well established. Catalonia's liquidity is therefore
less than adequate.
The ratings also reflect S&P's assessment of Catalonia's
financial management as very weak, as S&P's criteria define this
term. In addition, S&P has revised its assessment of the
region's budgetary flexibility to weak from average because S&P
sees reduced leeway to cut expenditures. S&P views Catalonia's
contingent liabilities as moderate.
The ratings are underpinned by Catalonia's strong economy and
S&P's opinion of the institutional framework for Spanish normal-
status regions as evolving but balanced. The framework supports
the regions, and S&P believes the central government is strongly
committed to preventing financial stress at the regional level.
The long-term rating is at the same level as Catalonia's stand-
alone credit profile (SACP), which S&P assess at 'bb'.
"A key rating strength for Catalonia stems from the Spanish
public finance system for normal-status regions. In response to
the economic crisis, the central government has orchestrated
comprehensive legal changes to enhance monitoring and enforcement
of the regional tier, thereby fostering budgetary consolidation.
We have seen ongoing consolidation in the regional tier since
2012 and, generally, a more disciplined approach toward public
finances than in 2008-2011 during the economic crisis in Spain.
In addition, system support was reinforced in 2012 when the
central government set up the "Fondo de Liquidez Autonomico"
(FLA) facility to assist regions having difficulty accessing the
financial markets. More than half of Catalonia's direct debt
represents central government budget loans, and central
government-sponsored liquidity facilities cover its deficits.
Furthermore, the central government passes its lower borrowing
costs to the regions by reducing the interest on those credit
facilities. It has also deferred -- to 20 years from 10 years --
the return of amounts the regions owe the central government for
support received during 2008-2009. These developments mainly
benefit the regions with the weakest financial profiles, such as
Catalonia, and support our view that Spain's institutional
framework for normal-status regions is evolving but balanced,"
S&P said.
By law, the Spanish public finance system for normal-status
regions should undergo a reform as of 2015. S&P believes this
would strengthen Catalonia's public finances, chiefly because
Catalonia's political importance should grant it strong
bargaining power. However, S&P now thinks changes to the system
will come only after 2015 because the national and regional
elections are due next year. Also, the central government has
limited capacity to provide equal or additional revenues to all
regions, which in S&P's view is a prerequisite for the regions'
agreement to system reform. Without additional revenues, the
reform cannot benefit some regions without damaging others, and
Spain's track record indicates that regional system reforms are
based on political consensus.
Although a reform of the system is unlikely over the next 12
months, S&P believes the FLA will continue to support regions in
need, including Catalonia. S&P thinks the central government
will not allow any region to undergo financial distress, to avoid
tarnishing Spain's reputation in financial markets and to
preserve the banking system's regional lending exposures.
Under the current public finance system, Catalonia provides
significant equalization transfers to less wealthy regions.
Also, the strain on Catalonia's finances has intensified since
the 2008-2011 crisis, which hit the revenues of Mediterranean
regions like Catalonia harder than others'. Consequently, the
region has had to undergo more drastic fiscal consolidation than
peers. Moreover, Catalan nationalist parties' opposition to the
current equalization rules for normal-status regions since July
2012 has developed into a challenge to the region's political
status. Recently, the constitutional court suspended regional
consultation on Catalonia's secession, and interim results of a
popular vote in the region (which has no legal implications) on
Nov. 9, 2014, indicate that about 80% of the voters were in favor
of independence from Spain. About one-third of the region's
eligible population voted.
Since Aug. 2012, S&P's ratings on Catalonia have factored in the
risk that political friction might undermine the coordination
between the central government and Catalonia, which is critical
for ensuring timely repayment of debt. S&P's assessment of
financial management as very weak and, more generally, its 'BB'
rating on Catalonia fully capture the risks associated with
political developments since then and S&P's view that the central
government is committed to preventing Catalonia from experiencing
financial stress. S&P does not factor in:
-- Any change in Catalonia's political status and the
associated risks -- including withdrawal of Spain's
financial support and Catalonia's exclusion from the
eurozone (European Economic and Monetary Union) -- because
S&P considers such an event to be remote during its
forecast horizon (2014-2015); or
-- The positive impact of a potential reform of the system.
Although, S&P currently sees system reform as more likely
than Catalonia's secession, it is unclear when the reform
will occur and to what extent it may benefit Catalonia.
Catalonia's economy is wealthier than most other Spanish
regions'. In 2013, it represented 19% of Spain's GDP and 25% of
the national export value. Catalonia's GDP per capita is 120% of
the Spanish average, or about 113% of the EU average, according
to the national statistics office. However, Catalonia cannot
take full advantage of its relatively wealthy economy and large
tax bases because it is a net contributor to equalization
transfers under Spain's public-finance system.
Catalonia's budgetary performance remains very weak, in S&P's
view. That said, in 2013, Catalonia cut its deficits for the
second year in a row. The operating deficit reduced to 11.6% of
operating revenues from 12.2% in 2012, and the deficit after
capital accounts was 17.8% of total revenues, an improvement from
24.1% in 2012. Based on the European System of Accounts (ESA),
Catalonia's deficit was 1.95% of regional GDP in 2013, down from
2.25% in 2012 and 4.12% in 2011. Although the region deviated
moderately from the official target in ESA terms, as S&P
expected, it decreased total spending by 14.1% over the past two
years. Also, Catalonia has levied new taxes and sold assets to
compensate for the decline of revenues from the regional system.
S&P's assessment of financial management as very weak partly
reflects Catalonia's historically tardy implementation of
austerity measures since the 2008-2011 crisis. That said, S&P
acknowledges that the current management has undertaken
significant belt-tightening initiatives since 2012.
S&P's new base-case forecasts reflect its expectation that
Catalonia will continue to reduce its deficits, but more slowly
than S&P previously projected. However, S&P now anticipates
fewer asset sales and concessions (EUR0.7 billion compared with
EUR1.5 billion previously) because Catalonia's parliament has not
yet authorized the securitization of EUR0.8 billion in water
system receipts.
These negative factors are partly offset by:
-- An expected 4.7% increase in revenues from the regional
financing system in 2015 compared with 2014, and stronger
tax bases thanks to a generally better economic
environment, with national GDP growth forecast at 1.9% in
2015, up from 1.3% in 2014;
-- The longer debt-repayment period (20 years instead of 10)
for the amounts owed to the central government for 2008 and
2009; and
-- Lower interest rates on FLA loans.
S&P therefore now anticipates that Catalonia will continue to
post substantial operating deficits: 11.6% of operating revenues
on average in 2014 and 2015 compared with S&P's previous
forecasts of 9.4% in 2014 and 5.4% in 2015. Consequently, S&P
foresees a slower reduction of the deficit after capital
accounts, to 12.5% of total revenues in 2015 compared with 8% in
S&P's previous base case.
"We now regard Catalonia's budgetary flexibility as weak rather
than average because we believe that, despite progress since
2012, fiscal consolidation may grind to a halt in view of the
current political tensions with the central Government. Given
that Catalonia's budgetary performance is substantially worse
than most Spanish peers', stabilizing its accounts requires
tougher cost cuts. Another round of belt-tightening could weaken
Catalonia's welfare services to below the minimum national
standards. Such a step may therefore be rejected by Catalonia's
government. We believe Catalonia's flexibility lies in
additional revenues from potential system reform rather than from
political willingness to cut spending further. However, absent a
clear plan for reform, we do not factor potential benefits into
the ratings," S&P said.
Budgetary deficits will continue to increase Catalonia's already
very high tax-supported debt in nominal and relative terms. S&P
expects Catalonia's tax-supported debt to peak to 315% of
consolidated operating revenues in 2015-2016, compared with 291%
at year-end 2013. S&P expects central government liquidity
facilities to account for almost 50% of Catalonia's tax-supported
debt by year-end 2014. S&P includes in Catalonia's tax-supported
debt its public-private partnerships, public-sector debt, and
guarantees. Catalonia's tax-supported debt surpasses S&P's
highest debt benchmark of 270% by 1.5x and weighs on the rating.
Catalonia has moderately high contingent liabilities under S&P's
criteria, related to its large and complex fully and partly owned
public-sector companies. S&P anticipates that the region will
continue streamlining its public sector.
Liquidity
The short-term rating is 'B'. S&P assess Catalonia's liquidity
as less than adequate, reflecting its weak debt-service coverage
ratio, mitigated by strong access to external liquidity.
Excluding support from the central government, Catalonia's
liquidity is extremely tight. Its cash and credit lines are
virtually exhausted, monthly internal cash generation is usually
negative because of fiscal deficits, and its funding needs are
large, including debt service S&P estimates at EUR7.2 billion in
the next 12 months.
However, this is partly offset by S&P's view of the region's
strong access to external liquidity through the central
government's liquidity facilities:
-- The FLA, whose purpose is to cover the debt service and
authorized fiscal deficits of regions that adhere to it;
and
-- A fund to clear arrears.
In S&P's view, the FLA is sufficiently endowed for 2014 and 2015
and will likely continue financing Catalonia's debt-service
obligations smoothly during S&P's forecast horizon. S&P
considers that the central government strongly supports the
regional governments.
Another positive is favorable lending terms through the two
liquidity facilities. The central government has reduced the
interest rate on FLA loans to 1% from Oct. 2014 to Dec. 2015 and
extended the grace period by one year. It has also lengthened
the repayment period of FLA loans granted in 2012.
In addition, S&P understands that Catalonia's bankers have agreed
to roll over its domestic debt. S&P believes Spanish banks will
continue to refinance the majority of their loans to the region.
Should an unexpected financial obligation materialize, S&P
assumes that the ties between Catalonia and the central
government will be strong enough to facilitate the necessary
funding, preventing a default.
OUTLOOK
The stable outlook incorporates S&P's expectation that
Catalonia's budgetary and economic performance will be in line
with S&P's base-case scenario over 2014-2015, and that the region
will continue receiving funds from the FLA in a timely manner.
S&P could downgrade Catalonia if, contrary to our expectations,
the region posted higher deficits after capital expenditures than
in S&P's base-case scenario, leading to an increase of its
already very high tax-supported debt or a substantial
accumulation of payables. In this case, S&P's assessment of the
region's financial management, which it already views as very
weak, could weigh more heavily on the rating. This could result
in a downgrade of Catalonia by one or several notches.
S&P could raise the ratings if Catalonia performed according to
its upside case, in which it assumes higher revenues and
continued cost containment, implying lower deficits after capital
accounts and slower accumulation of debt than in S&P's base case.
This could lead S&P to revise its assessment of the region's
financial management upward. S&P sees this scenario as unlikely,
however.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.
The committee's assessment of the key rating factors is reflected
in the Ratings Score Snapshot above.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook. The weighting of
all rating factors is described in the methodology used in this
rating action.
RATINGS LIST
Ratings Affirmed
Catalonia (Autonomous Community of)
Issuer Credit Rating BB/Stable/B
Senior Unsecured BB
Commercial Paper B
ENCE ENERGIA: Moody's Confirms 'Ba3' CFR; Outlook Negative
----------------------------------------------------------
Moody's Investors Service, confirmed the Ba3 Corporate Family
Rating (CFR) of ENCE Energia y Celulosa, S.A. (ENCE), the
Probability of Default rating of Ba3-PD and the instrument
ratings of ENCE's Senior Secured Bonds at B1 (LGD4, 62%). The
outlook is negative. This action concludes the rating review
initiated on August 29, 2014.
"The confirmation of ENCE's Ba3 rating reflects Moody's
expectation that the management's restructuring plans are likely
to pave the way for a material improvement of the company's
credit metrics in 2015. Nevertheless the rating will remain
weakly positioned in the near term on the back of the impact of
restructuring expenses and the weak operating results
predominantly driven by regulatory changes in the Spanish energy
markets", says Matthias Volkmer, lead analyst at Moody's for
ENCE. "A stabilization of the outlook would require a successful
execution of the announced turnaround plan and improvement in the
operating performance as well as cash generation leading to a
reduction in leverage over the next 12-18 months, Mr. Volkmer
added.
Ratings Rationale
The negative outlook and the weakened performance are the direct
consequence of the reduction of ENCE's electricity sales by 29%
during the 9 months to September 2014 compared to prior year due
to regulatory changes in the Spanish energy market, exacerbated
by a 16% decline in pulp sales due to lower volumes and pricing
as a result of global demand-supply imbalances, which was driven
by the ramp up of sizeable new pulp capacities. Including
retroactive regulatory and adjustments for one-off effects
related to impairment losses, ENCE's EBITDA per September on a 12
months rolling basis (LTM) decreased to EUR9 Million.. However,
Moody's takes comfort from the company's plans and immediate
actions taken so far including the closure of the loss making
pulp mill operations as well as various cost saving and
efficiency initiatives at the remaining pulp mills Navia and
Pontevedra.
The rating remains constrained by (i) the fairly small scale when
compared to peers as indicated by sales of EUR731 million in the
last twelve months ending September 2014 and limited geographic
diversification; (ii) a highly focused product portfolio on pulp
production; (iii) the inherent volatility of the industry with
pulp being one of the most volatile commodities in the forest
products industry in terms of demand and pricing. Moody's expects
continued pricing pressure for pulp due to periods of oversupply.
Conversely, the Ba3 corporate family rating is supported by (i)
ENCE's position in the production of hardwood pulp in Europe,
with a solid focus on the rather stable tissue end market; (ii)
its long-term maturity profile and solid liquidity position to
support management's envisaged recovery plan to competitiveness.
Moody's notes that ENCE owns sizeable forestland holdings in
Iberia.
Ence's Business Profile Adversely Affected By Regulatory Changes
In Spain
During 2014 two regulatory changes in Spain occurred with
retroactive effect from 14 July 2013, including (i) a new
economic regime for renewable energies that also eliminated
payments of efficiency and reactive energy bonuses as well as
(ii) a new regulatory framework for renewable energy sources with
remuneration parameters that eliminated a specific tariff for
energy crops, implemented a maximum number of hours with right to
premium prices, and reduced premium prices paid for generating
electricity with biomass and gas including renewable energy
cogeneration with black liquor (which is a byproduct of the
cellulose production process). In addition, two regulatory
changes had already become effective from 1 January 2013,
including a new general tax imposed on electricity output and a
"green cent" tax on the consumption of fossil fuels. Including
all the regulatory changes in the last two years, the company has
estimated an annual negative impact of -EUR59 million based on
the company's reported pro forma 2012 EBITDA of EUR141.3 million.
Decision to Close Huelva Pulp Mill is an Important Milestone to
Recover Profitability
Following agreement with its affected Huelva and Madrid based
staff at the end of October, ENCE ceased pulp production at its
loss making Huelva pulp mill, as a result of the significantly
increased cost base following the Spanish energy regulatory
reform, that made the continued operation of the plant
inefficient. Subsequently in early November, the company started
up an independent 41MW biomass plant that previously formed part
of Huelva co-generation plant and is expected to contribute
EUR15-20 million per year, which is in line with the company's
plan to focus and strengthen its renewable energy generation.
Despite sizeable upfront restructuring costs of up to EUR50
million that will burden the company's short-term liquidity,
Moody view the transformation of Huelva as positive because it
will enhance ENCE's profitability due to the closure of negative
profit contributing business operations. Over the course of 2015,
the company will implement a series of cost saving measures and
investments in efficiency and capacity increases at its
continuing pulp operations in Navia and Pontevedra which are
aimed to complement the plan to fully recover lost profitability
by 2016. While elements of the plan are associated with varying
degrees of risk outside the management's influence, the company's
long-term debt maturities and liquidity bode well for a
successful execution.
Liquidity
ENCE's liquidity profile is solid. Key internal cash sources are
cash available of EUR100.9 million as of end September 2014. In
addition, ENCE has access to EUR29 million under its factoring
lines and an undrawn revolving credit facility amounting to EUR90
million and maturing in February 2018. Lending arrangements do
not include any maintenance financial covenants but only debt
incurrence tests. These sources should be sufficient to cover
operational cash needs such as working capital and increased
capex spending and investments in support of management's
recovery plan of competitiveness. The next material debt maturity
is in 2018, when the currently undrawn RCF matures.
Outlook
The negative outlook reflects the execution risk related to
management's recovery plan which aims to recover lost
profitability by 2016 through measures of cost management and
investments in 2014 and 2015 to improve operational efficiency
and restructure ENCE's production mix. While ENCE's successful
closure of its Huelva pulp operations in October is a significant
milestone of the plan, uncertainties remain with regard to the
global supply-demand balance for pulp and in particular
eucalyptus pulp and its effect on prices given the ramp up of
substantial capacity in Latin America and potentially slowing
Asian demand.
What Could Change the Rating -- Up
An upgrade is deemed unlikely at this juncture, while a
stabilization of the rating outlook would require ENCE to
successfully execute its recovery plan of competitiveness
including cost management, efficiencies and a restructured
product mix leading to a sustainable improvement of credit
metrics in line with our expectations for the Ba3 rating level.
It would also require a period of positive free cash flow
generation following significant spending and maintenance of a
comfortable liquidity position throughout the plan.
Quantitatively, Moody's would consider a stable outlook if
debt/EBITDA were to sustainably move below 3.5 times and RCF/Debt
in the mid teens. An upgrade could be considered, If the company
achieves a track-record of Debt/EBITDA sustainably below 3 times
through the cycle with RCF/Debt around 20%.
What Could Change the Rating -- Down
Moody's would consider a downgrade should the execution of ENCE's
recovery plan not result in substantial profitability
improvements and market conditions for eucalyptus pulp
deteriorate compared to currently expected as a result of
heightened pricing pressure or demand erosion. More
quantitatively, a negative rating action could take place if
Moody's adjusted credit metrics would fail to improve over the
next 12-18 month including Debt/EBITDA to below 3.5x and RCF/Debt
trending towards the mid teen percentages. Deterioration of
liquidity could also be a negative factor.
Structural Considerations
The B1 rating assigned to the EUR250 million senior secured notes
is one notch below the group's corporate family rating. The
rating on this instrument reflects its junior ranking behind the
sizeable EUR90 million super senior RCF. The RCF and the senior
secured notes share the same collateral package, consisting of a
pledge over certain assets (share pledges in most operating
companies, pledges of intercompany loans and pledges over
receivables and accounts) as well as upstream guarantees from
most of the group's operating subsidiaries, representing more
than 80% of aggregate assets and EBITDA. However, RCF lenders
benefit from priority treatment in a default scenario as their
claims would be discharged before any remaining proceeds would be
distributed to the holders of the senior secured notes.
Confirmations:
Issuer: ENCE Energia y Celulosa, S.A.
Probability of Default Rating, confirmed at Ba3-PD
Corporate Family Rating, confirmed at Ba3
Senior Secured Bond/ Debenture Feb 15, 2020, confirmed at B1
(LGD4,62)
Outlook Actions:
Issuer: ENCE Energia y Celulosa, S.A.
Outlook, Changed To Negative From Rating Under Review
PRINCIPAL METHODOLOGIES
The principal methodology used in this rating was Global Paper
and Forest Products Industry published in October 2013. Other
methodologies used include Loss Given Default for Speculative-
Grade Non-Financial Companies in the U.S., Canada and EMEA
published in June 2009.
With sales of EUR731 million in the last twelve months ending
September 2014, ENCE, headquartered in Spain, is a European
producer of hardwood pulp and also has sizable alternative energy
operations in Spain. Following the closure of its Huelva pulp
mill operations, ENCE has production capacities of about 940k
tonnes p.a. of bleached eucalyptus kraft pulp at two mills in
Spain, accounting for approximately 70% of group sales. In its
energy division, the group operates two cogeneration and four
generation biomass energy plants, contributing about 30% of group
sales. ENCE also has some forestry operations.
FONCAIXA PYMES 5: DBRS Rates EUR274.5MM Series B Notes '(P)B'
-------------------------------------------------------------
DBRS Ratings Limited has assigned provisional ratings to the
following notes issued by Foncaixa PYMES 5, FTA (the Issuer):
-- EUR1,555.5 million Series A Notes at A (low) (sf) (the Series
A Notes)
-- EUR274.5 million Series B Notes at B (low) (sf) (the Series B
Notes; together, the Notes)
The transaction is a cash flow securitization collateralized by a
portfolio of bank term loans and drawn amounts on credit lines
originated by Caixabank, S.A. (the Originator) to small- and
medium-sized enterprises ("SMEs") and self-employed individuals
based in Spain. As of October 27, 2014, the transaction's
provisional portfolio included 47,512 loans and credit lines to
42,476 obligors groups, totaling EUR1,936 million. At closing,
the Originator will select the final portfolio of EUR1,830
million from the above-mentioned provisional pool.
The rating on the Series A Notes addresses the timely payment of
interest and the ultimate payment of principal payable on or
before the Legal Maturity Date in September 2047. The rating on
the Series B Notes addresses the ultimate payment of interest and
the ultimate payment of principal payable on or before the Legal
Maturity Date in September 2047.
The provisional pool exhibits low industry and obligor
concentration. The top three industries based on the DBRS
Industry classification are "Business Equipment & Services"
(14.5% of the portfolio balance), "Building and Development"
(11.6%) and "Food products" (9.5%). The top obligor and the
largest ten obligor groups represent 0.8% and 3.6% of the
outstanding balance, respectively. The portfolio exhibits some
concentration to the region of Catalonia where the bank is
headquartered. The top three regions for borrower concentrations
are Catalonia, Madrid and Andalusia, representing approximately
31.7%, 11.7% and 10.8%, of the portfolio balance, respectively.
The ratings are provisional. Final ratings will be issued upon
receipt of executed versions of the governing transaction
documents. To the extent that the documents and information
provided by Foncaixa PYMES 5, FTA, GestiCaixa, S.G.F.T., S.A. and
Caixabank, S.A. to DBRS as of this date differ from the executed
versions of the governing transaction documents, DBRS may assign
lower final ratings to the Notes, or may avoid assigning final
ratings to the Notes altogether.
These ratings are based upon DBRS's review of the following
items:
-- The portfolio characteristics, the transaction structure, the
form, and sufficiency of available credit enhancement.
-- At closing, the Series A Notes benefit from a total credit
enhancement of 22.0%, which DBRS considers to be sufficient
to support the A (low) (sf) rating. The Series B Notes
benefit from a credit enhancement of 7%, which DBRS considers
to be sufficient to support the B (low) (sf) rating. Credit
enhancement is provided by subordination and the Reserve
Fund.
In addition, the Notes also benefit from available excess spread.
-- The Reserve Fund will be allowed to amortise after the first
two years if certain conditions -- relating to the
performance of the portfolio and deleveraging of the
transaction -- are met. The Reserve Fund cannot amortise
below EUR 91.5 million.
-- The transaction parties' financial strength and capabilities
to perform their respective duties and the quality of
origination, underwriting and servicing practices.
-- An assessment of the operational capabilities of key
transaction participants.
-- The ability of the transaction to withstand stressed cash
flow assumptions and repay investors according to the
approved terms. Interest and principal payments on the
Series A Notes will be made quarterly on the 19th day of
March, June, September and December, with the first payment
date on March 20, 2015.
-- The soundness of the legal structure and the presence of
legal opinions that address the true sale of the assets to
the trust and the non-consolidation of the special purpose
vehicle, as well as consistency with the DBRS "Legal Criteria
for European Structured Finance Transactions."
DBRS determined these ratings as follows, as per the principal
methodology specified below:
-- The annualised probability of default (PD) for the Originator
was determined using the historical performance information
supplied. As stated, DBRS assumed an annualised PD of 2.62%
for this transaction.
-- The assumed weighted-average life (WAL) of the portfolio was
2.48 years.
-- The PD and WAL were used in the DBRS Diversity Model to
generate the hurdle rate for the target ratings.
-- The recovery rate was determined by considering the market
value declines ("MVDs") for Spain, the security level and type
of the collateral. For the Series A Notes, DBRS applied the
following recovery rates: 55.5% for secured loans and 16.3%
for unsecured loans. For the Series B Notes, DBRS applied the
following recovery rates: 71.5% for secured loans and 20.8%
for unsecured loans.
-- The break-even rates for the interest rate stresses and
default timings were determined using the DBRS cash flow
model.
PYMES SANTANDER 6: S&P Affirms 'CC' Rating on Class C Notes
-----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its credit ratings on
Fondo de Titulizacion de Activos PYMES SANTANDER 6's class A, B,
and C notes.
Upon publishing S&P's updated criteria for rating single-
jurisdiction securitizations above the sovereign foreign currency
rating (RAS criteria), S&P placed those ratings that could
potentially be affected "under criteria observation" (UCO).
Following S&P's review of this transaction, its ratings that
could potentially be affected by the criteria are no longer under
criteria observation.
S&P has used data from the July 2014 investor report to perform
its credit and cash flow analysis and has applied its European
small and midsize enterprise (SME) collateralized loan obligation
(CLO) criteria and its current counterparty criteria. For
ratings in this transaction that are above S&P's rating on the
sovereign, S&P has also applied its RAS criteria.
CREDIT ANALYSIS
PYMES SANTANDER 6 is a single-jurisdiction cash flow CLO
transaction securitizing a portfolio of SME loans that was
originated by Banco Santander S.A. in Spain. The transaction
closed in Nov. 2013.
S&P has applied its European SME CLO criteria to determine the
scenario default rate (SDR) -- the minimum level of portfolio
defaults that S&P expects each tranche to be able to withstand at
a specific rating level using CDO Evaluator.
To determine the SDR, S&P adjusted the archetypical European SME
average 'b+' credit quality to reflect two factors (country and
originator and portfolio selection adjustments).
"We ranked the originator into the moderate category. Taking
into account Spain's Banking Industry Country Risk Assessment
(BICRA) score of 6 and the originator's average annual observed
default frequency, we have applied a downward adjustment of one
notch to the 'b+' archetypical average credit quality. To
address differences in the creditworthiness of the securitized
portfolio compared with the originator's entire loan book, we
further adjusted the average credit quality by one notch," S&P
noted.
As a result of these adjustments, S&P's average credit quality
assessment of the portfolio was 'b-', which S&P used to generate
its 'AAA' SDR of 73.00%.
S&P has calculated the 'B' SDR, based primarily on its analysis
of historical SME performance data and its projections of the
transaction's future performance. S&P has reviewed the
originator's historical default data, and assessed market
developments, macroeconomic factors, changes in country risk, and
the way these factors are likely to affect the loan portfolio's
creditworthiness. As a result of this analysis, S&P's 'B' SDR is
19.71%.
S&P interpolated the SDRs for rating levels between 'B' and 'AAA'
in accordance with S&P's European SME CLO criteria.
RECOVERY RATE ANALYSIS
S&P applied a weighted-average recovery rate (WARR) at each
liability rating level by considering the asset type and its
seniority, the country recovery grouping, and the observed
historical recoveries in this transaction.
COUNTRY RISK
S&P's long-term rating on the Kingdom of Spain is 'BBB'. S&P's
RAS criteria require the tranche to have sufficient credit
enhancement to pass a minimum of a "severe" stress to qualify to
be rated above the sovereign.
COUNTERPARTY RISK
S&P considers the transaction's documented replacement mechanisms
to adequately mitigate its exposure to counterparty risk under
S&P's current counterparty criteria. The minimum rating required
for the bank account provider to be considered eligible under the
transaction documents is 'BBB'. Since the transaction's exposure
to counterparty risk is considered to be "limited" under S&P's
current counterparty criteria, the maximum potential rating on
the class A notes is 'A (sf)'.
CASH FLOW ANALYSIS
S&P used the reported portfolio balance that it considered to be
performing, the principal cash balance, the current weighted-
average spread, and the weighted-average recovery rates that S&P
considered to be appropriate. S&P subjected the capital
structure to various cash flow stress scenarios, incorporating
different default patterns and timings and interest rate curves,
to determine the rating level, based on the available credit
enhancement for each class of notes under S&P's European SME CLO
criteria.
Under S&P's RAS criteria, it can rate a securitization up to four
notches above its foreign currency rating on the sovereign if the
tranche can withstand "severe" stresses. However, if all six of
the conditions in paragraph 48 of the RAS criteria are met
(including credit enhancement being sufficient to pass an extreme
stress), S&P can assign ratings in this transaction up to a
maximum of six notches (two additional notches of uplift) above
the sovereign rating. The available credit enhancement for the
class A notes withstands severe stresses. S&P has therefore
affirmed its 'A (sf)' rating on the class A notes.
Given that the rating levels for the class B and C notes are
lower than the sovereign rating, S&P has not applied its RAS
criteria. Based on S&P's credit and cash flow analysis and the
application of its current counterparty criteria, S&P considers
the available credit enhancement for the class B and C notes to
be commensurate with their currently assigned ratings. S&P has
therefore affirmed its 'B+ (sf)' and 'CC (sf)' ratings on the
class B and C notes, respectively.
RATINGS LIST
Class Rating
To From
Fondo de Titulizacion de Activos PYMES SANTANDER 6
EUR408 Million Asset-Backed Floating-Rate Note
Ratings Affirmed
A A (sf)
B B+ (sf)
C CC (sf)
SANTANDER CONSUMER 2014-1: Fitch Rates Class E Notes 'CC'
---------------------------------------------------------
Fitch Ratings has assigned FTA Santander Consumer Spain Auto
2014-1's asset-backed fixed-rate notes, due on June 2032,
expected ratings as:
EUR703 million class A notes: 'A(EXP)sf'; Outlook Stable
EUR27.4 million class B notes: 'BBB(EXP)sf'; Outlook Stable
EUR15.2 million class C notes: 'BB+(EXP)sf'; Outlook Stable
EUR14.4 million class D notes: 'BB(EXP)sf'; Outlook Stable
EUR38 million Class E notes: 'CC(EXP)sf'; Recovery Estimate 75%
This securitization of auto loans is the 11th transaction
originated in Spain by Santander Consumer EFC SA, a wholly-owned
and fully integrated subsidiary of Santander Consumer Finance (A-
/Stable/F2), whose ultimate parent is Banco Santander S.A. (A-
/Stable/F2).
The rating addresses the timely payment of interest and the
ultimate payment of principal on the class A notes and the
ultimate payment of interest and principal on the remaining
classes in accordance with the terms and conditions of the notes.
The assignment of final ratings is contingent on the receipt of
final documentation and legal opinions conforming to information
already received.
KEY RATING DRIVERS
Revolving Transaction
Fitch views that the transaction's 48-month revolving period
allows for limited portfolio credit quality deterioration. The
transfer of new eligible assets is subject to early amortization
events, as well as limits on important portfolio characteristics.
Potential migration to a worst case (WC) portfolio composition
during the revolving period is reflected in the rating analysis.
The triggers are considered appropriate to stop revolving in a
scenario of asset performance deterioration.
Key Assumptions
Fitch has analyzed the portfolio's credit profile and formed
specific performance expectations for new and used car loans.
Fitch's base case default rates of 4.5% and 7.5% for new and used
car loans, respectively, combined with recovery expectations of
35% and 30%, result in Fitch's expected base case lifetime loss
rates of 2.9% and 5.3%. The weighted average base case loss rate
is initially 3.4% and could increase to 3.6%, as loans granted
for the acquisition of new vehicles and used cars represent 70%
and 30%, respectively, of the WC portfolio.
The above base case expectation for portfolio losses is lower
than the 4.8% equivalent of last year's auto transaction (FTA
Santander Consumer Spain Auto 2013-1) from the same originator.
The lower base case loss rate is mainly due to observed improved
performance of existing securitization transactions with similar
eligibility criteria and the stricter underwriting business model
of the originator as reflected in the evolution of the
performance of the total auto loan book of the bank in recent
years. To determine the default base case, Fitch has analyses
historical data with a 180 days in arrears default definition.
Credit Enhancement (CE)
Excess spread provides the first layer of protection against
losses. Additional CE is available to class A to C notes from
asset overcollateralization (7.5%, 3.9% and 1.9% as of closing
for classes A, B and C respectively) and the cash reserve, which
also provides CE to class D (5% as of closing). The transaction
features a mechanism that will trap excess spread to provision
for defaults (defined as loans in arrears for more than one
year).
Fitch does not expect full repayment of class E notes as the only
source of CE is excess spread which is in our view not sufficient
to cover for late defaults and class E note interest.
Unhedged Deal
While the transaction is unhedged, it is not exposed to interest
rate risk since the notes and the collateral are both linked to
fixed interest rates.
RATING SENSITIVITIES
Unexpected increases in the default rate and loss severity on
defaulted loans could produce loss levels greater than the base
case and could result in negative rating actions on the notes.
Rating Sensitivity to Increased Default Rate Assumptions
Classes A, B, C, and D notes
Current default rate (DR) base case: 'Asf'/'BBBsf'/'BB+sf'/'BBsf'
Increase DR base case by 15%: 'A-sf'/'BBB-sf'/'BBsf'/'BB-sf'
Increase DR base case by 30%: 'BBB+sf'/'BB+sf'/'BBsf'/'B+sf'
Increase DR base case by 45%: 'BBBsf'/'BB+sf'/'BB-sf'/'Bsf'
Rating Sensitivity to Reduced Recovery Rate Assumptions
Classes A, B, C, and D notes
Current recovery rate (RR) base case:
'Asf'/'BBBsf'/'BB+sf'/'BBsf'
Reduce RR base case by 15%: 'A-sf'/'BBBsf'/'BB+sf'/'BB-sf'
Reduce RR base case by 30%: 'A-sf'/'BBBsf'/'BBsf'/'BB-sf'
Reduce RR base case by 45%: 'A-sf'/'BBB-sf'/'BBsf'/'B+sf'
Rating Sensitivity to Multiple Factors
Classes A, B, C, and D notes
Current base case assumptions: 'Asf'/'BBBsf'/'BB+sf'/'BBsf'
Mild stress: Increase DR base case by 15%, reduce RR base case by
15%: : 'BBB+sf'/'BBB-sf'/'BBsf'/'B+sf'
Moderate stress: Increase DR base case by 30%, reduce RR base
case by 30%: 'BBBsf'/'BB+sf'/'BB-sf'/'Bsf'
Severe stress: Increase DR base case by 45%, reduce RR base case
by 45%: 'BBB-sf'/'BBsf'/'Bsf'/'CCCsf ' or below
SANTANDER CONSUMER 2014-1: DBRS Rates Class E Notes '(P)C'
----------------------------------------------------------
DBRS Ratings Limited has assigned provisional ratings to the
following notes issued by FTA Santander Consumer Spain Auto 2014-
1 (the Issuer or the Fund):
-- EUR703,000,000 Class A Notes at A (sf)
-- EUR27,400,000 Class B Notes at BBB (sf)
-- EUR15,200,000 Class C Notes BB (low) (sf)
-- EUR14,400,000 Class D Notes B (low) (sf)
-- EUR38,000,000 Class E Notes C (sf)
The Fund is a securitization of a portfolio of auto loan
receivables issued in Spain and originated by Santander Consumer
E.F.C., S.A. (the Seller or the Servicer or SCF). The portfolio
consists of auto loan receivables granted to private individuals
and commercial entities to finance the purchase of new and used
vehicles. Upon closing, the transaction will use the proceeds of
Class A, Class B, Class C and Class D Notes to purchase the
EUR760 million portfolio. The Fund will also issue the Class E
Notes to fund the EUR38 million reserve fund. The portfolio will
be serviced by SCF. The Fund is managed by Santander de
Titulizacion, SGFT (the Management Company).
The ratings are based on review by DBRS of the following
analytical considerations:
* Transaction capital structure and form and sufficiency of
available credit enhancement. The Class A Notes 12.50% credit
enhancement consists of subordination of the Class B, Class C,
Class D Notes and the reserve fund. The Class B Notes 8.90%
credit enhancement consists of subordination of the Class C,
Class D Notes and the reserve fund. The Class C Notes 6.90%
credit enhancement consists of subordination of the Class D
Notes and the reserve fund. The Class D Notes 5.00% credit
enhancement consists of subordination of the reserve fund.
The Fund will issue the Class E Notes to fund the EUR38
million reserve fund. The reserve fund is available to meet
payments on the senior fees and interest and principal on the
Class A, Class B, Class C and Class D Notes. The principal
paid under the notes will be fully sequential with principal
paid first to the Class A Notes until redeemed in full; after
payment of the Class A Notes, the Class B Notes will start to
amortise. The amortization of the Class C and Class D Notes
will be also fully sequential and will start after Class B
Notes are paid down in full. The transaction has a four-year
revolving period starting as of the first payment date, 20
March 2015, and will end as of the payment date December 20,
2018. Throughout the revolving period, principal collections
will be used to purchase new receivables according to the loan
eligibility criteria and global eligibility criteria detailed
within the transaction documents. The transaction includes a
liquidity reserve and commingling reserve that will be made
available upon breach of certain triggers.
* The rating of the Class A Notes addresses the timely payment
of interest and full payment of principal by the legal final
maturity date in accordance with the terms and conditions of
the notes. The ratings of the Class B, Class C, Class D and
Class E Notes address the ultimate payment of interest and
full payment of principal by the legal final maturity date in
accordance with the terms and conditions of the notes.
* The portfolio consists of 100% fixed auto loan receivables.
The fixed payment on the series of bonds and fixed payment of
the auto loan receivables is unhedged. DBRS deems interest
rate risk in this transaction to be limited.
* As of October 20, 2014, the preliminary portfolio main
characteristics include: (i) 83,180 loan contracts, 82,621
borrowers and EUR10,395 average loan amount; (ii) 5.68 years
weighted-average (WA) original term, 4.92 years WA remaining
term and 9.11 months seasoning; (iii) 100% of the auto loan
receivables are tied to a fixed rate with a WA interest rate
of 8.70%; (iv) 14.24% of the auto loans were granted to self-
employed borrowers and 5.22% to borrowers deemed not employed;
(v) foreign borrowers resident in Spain account for 6.37% of
the portfolio; (vi) top geographical concentrations are
Andalucia (19.84%), Madrid (15.12%) and Cataluna (14.03%);
(vii) top three concentrations by vehicle brand are Hyundai
(20.40%), Kia (46.63%) and Opel (11.60%); and (viii) 78.29% of
the portfolio are auto loan receivables to finance the
purchase of new vehicles.
* Relevant credit enhancement is in the form of a cash reserve
account and subordination. Credit enhancement levels are
sufficient to support DBRS-projected expected cumulative net
loss assumption under various stress scenarios at A (sf), BBB
(sf), BB (low) (sf), B (low) (sf) and C (sf).
* The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms under
which they have invested.
* The transaction parties' capabilities with respect to
originations, underwriting, servicing and financial strength.
* The credit quality of the collateral and ability of SCF to
manage collections activities on the collateral.
* The legal structure and presence of legal opinions addressing
the assignment of the assets to the Issuer and the consistency
with DBRS's "Legal Criteria for European Structured Finance
Transactions."
VALENCIA SPAIN: S&P Affirms 'BB-/B' ICRs; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-/B' long- and
short-term issuer credit ratings on the Autonomous Community of
Valencia in Spain. The outlook is stable.
RATIONALE
The ratings mainly reflect S&P's assessment of Valencia's
financial management as very weak under S&P's criteria. In
addition, S&P factors in its views of its less-than-adequate
liquidity, very weak budgetary performance, and its extremely
high tax-supported debt, with moderate contingent liabilities as
a result of its large sector of partially or fully owned
companies. S&P also now estimates that Valencia's budgetary
flexibility is weak, down from its previous assessment as
average.
S&P views Valencia's economy as average and limited by its weak
socioeconomic profile. The ratings are supported by S&P's view
of the institutional framework for Spanish normal-status regions
as evolving but balanced. S&P considers that the central
government is strongly committed to avoiding financial stress at
the regional level.
The ratings on Valencia reflect S&P's assessment of its financial
management as very weak. S&P takes into account Valencia's track
record of high deficits and debt accumulation already during
years of economic growth, but especially following Spain's 2008-
2009 economic crisis. These deficits may be attributed in part
to below-average equalization transfers to Valencia, between
regions, under Spain's public finance system, but also to large
expenditures that the region didn't adjust swiftly enough when
revenues fell sharply.
S&P's assessment of Valencia's management also factors in S&P's
opinion about the region's unrealistic budgeting of revenues, as
well as the size, complexity, and historically poor performance
of Valencia's owned companies. Valencia's company sector
accumulated a large volume of debt in the past, which after being
absorbed to a large extent by Valencia's government continues to
burden the region. S&P acknowledges, though, that Valencia is
currently downsizing and restructuring its company sector.
S&P thinks that the legal reforms passed by Spain's central
government, including enhanced monitoring and enforcement
mechanisms, are largely fostering budgetary consolidation in
Spain's regional tier. At the same time, the central government
continues to provide substantial budgetary and financial support
to all normal-status regions that require it. The central
government is further supporting regions by gradually reducing
the interests it charges for its loans, passing on its own lower
costs of financing. S&P assumes this also indirectly benefits
self-financing regions by giving them more leverage in their own
negotiations and reducing their financing costs. These
developments are in line with S&P's expectations and support its
view of the institutional framework for normal-status regions as
evolving but balanced.
"In our May 2014 review, we expected Valencia could benefit from
additional resources as of the year 2015, either through the
reform of the financing system or through some ad-hoc
compensation for its underfunding. Contrasting with our previous
expectations, we currently do not believe that the central
government will reform the financing system in 2015. We
understand the central government has postponed this reform, to
avoid opening up a politically sensitive debate in 2015, when
national and regional elections are scheduled. In our view, the
central government is also aware of its limited ability to
provide additional resources to the system, as it has done in the
past in order to reach an agreement with regions," S&P said.
"We have no visibility about any potential ad-hoc compensation to
Valencia that could assist the region in meeting its budgetary
targets. Valencia has included in its 2015 draft budget a large
increase in transfers from the central government. We understand
that Valencia expects to receive a EUR1 billion advance from the
competitiveness fund (one of the funds of the regional financing
system) that it should receive in 2017, in principle. Valencia
is also budgeting compensation from the central government for
the regional tax on bank deposits, which the central government
blocked. We have no visibility currently about the likelihood
that the central government would agree to these requests. In
our base case, we don't assume any advances to Valencia from the
competitiveness fund, but we include a moderate amount in
compensation for the tax on bank deposits," S&P added.
"In the absence of a full reform, however, we see the government
is providing indirect support to the regions. Among other
measures, the central government has decided to lower interest
rates on its loans to the regional tier through Spain's regional
liquidity fund, Fondo de Liquidez Autonomico (FLA), while also
deferring to 20 years (from 10) the return of negative
settlements arising from the financing system from financial
years 2008 and 2009. These measures are more beneficial to the
regions with the weakest finances, such as Valencia. We view
this as evidence of the central government's continued
willingness to support the regional tier," S&P said.
Given its budgeting of additional revenues, Valencia is also
budgeting an increase in operating expenditures. S&P thinks that
if Valencia does not receive the additional revenues it hopes
for, it will need to reduce its budgeted expenditures. It could
either do this voluntarily or as part of a rebalancing plan,
which is a requirement of both Spain's budgetary stability law
and the conditions of the FLA program signed by Valencia.
S&P has revised down its assessment of Valencia's budgetary
flexibility, which S&P now views as weak instead of average,
given what it sees as the region's limited ability to cut
expenditures. Valencia's operating expenditures per capita are
already among the lowest in Spain, and its interest payments
consume about 10%-11% of its operating revenues, which is very
high compared with Spanish peers.
Given these developments, S&P currently expects a more gradual
consolidation path for Valencia than under S&P's last review.
S&P anticipates that Valencia will post a negative operating
balance of about 17% of operating revenues in 2014 (partly owing
to the recognition of 2013 expenditures) and gradually reduce its
operating deficit to about 7.2% by 2016. This contrasts with
S&P's previous expectation of a 3% operating deficit by 2016.
S&P also expects that Valencia will reduce its budgetary deficit
after capital accounts, to about 13% in 2016 from about 25% of
total revenues in 2014, exceeding S&P's previous estimate of a 9%
deficit in 2016.
S&P acknowledges that these estimates are subject to change,
depending on the central government's decision regarding
Valencia's demands expressed in the region's draft 2015 budget.
At the same time, S&P do not view an advance from the
competitiveness fund as having the same beneficial impact of a
structural, stable reform of the financing system, which had
provided Valencia with a comparable amount of funds for 2015.
"In national accounting terms, Valencia cut its deficit in 2013
to 2.15% of regional GDP, down from 3.71% in 2012 and 4.88% in
2011. The region deviated from its individual deficit target of
1.60% of GDP in 2013, although less than in the previous years.
Our base-case forecast reflects our expectation that Valencia
will continue to gradually reduce its deficits, while still
deviating from official fiscal targets. We base our opinion on
the now stronger incentives for Spanish regions to reduce
spending on the back of the central government's tougher fiscal
enforcement mechanisms for the regions. We also factor in our
perception that the central government has enhanced control
mechanisms, particularly for regions that make use of the
government-sponsored credit facility FLA," S&P said.
The region of Valencia is among the less wealthy in Spain, with
GDP per capita at 88% of the national average, based on data from
INE, the national statistics office. Its unemployment rate is
high, at 26% in the third quarter of 2014 against a national
average of 24%. S&P uses national GDP per capita figures to
evaluate the economic strength of Spanish normal-status regions,
reflecting the equalization features in their financing system.
However, S&P estimates that Valencia's relatively weak
socioeconomic profile is not adequately compensated by Spain's
equalization system, which weighs on S&P's assessment of
Valencia's economy.
S&P considers that years of underfunding have contributed to a
large extent to Valencia's currently weak financial position. In
S&P's opinion, only a structural reform of Valencia's financing
could lead to a sustainable improvement in its financial
position. Given Valencia's weak financing, S&P thinks any reform
to Spain's regional financing system would likely benefit the
region's finances, although the timing, nature, and scope of such
a reform is still unknown.
Additional financing of supplier payables in 2014 above S&P's
previous expectations, higher deficits, and lower revenues than
S&P previously projected should result in higher tax-supported
debt in 2016, which S&P estimates could reach up to 350% of
consolidated operating revenues, versus S&P's previous estimate
of approximately 300%. This level surpasses S&P's highest debt
benchmark--270% of consolidated operating revenues--under S&P's
criteria.
S&P believes Valencia has moderate contingent liabilities related
to its ongoing restructuring of its large and complex owned
company sector. Still, S&P understands the restructuring is
advancing satisfactorily, and is already providing some budgetary
relief in the form of lower transfers from the region to its
satellite companies. S&P includes all of the debt of the
region's satellite companies in total tax-supported debt.
Liquidity
S&P considers Valencia's liquidity as less than adequate, based
on S&P's view of the region's weak debt service coverage ratio,
mitigated by what S&P views as a strong access to external
liquidity.
In S&P's assessment of the region's debt service coverage ratio,
it factors in S&P's estimate of Valencia's internal cash
generation capacity and available credit lines. S&P's main
liquidity ratio (which reflects S&P's base-case scenario of
average cash over the next 12 months and available credit lines)
covers about 7% of Valencia's debt service for the next 12 months
(Dec. 2014 to Nov. 2015), which S&P estimates at EUR5.1 billion.
The region's strong access to external liquidity encompasses
S&P's view that the central government has demonstrated a clear
willingness to provide strong liquidity support to Valencia
through FLA. The government has earmarked FLA funding for
regional debt repayment and the financing of authorized deficits.
OUTLOOK
The stable outlook on Valencia reflects S&P's expectation that
the region will continue to reduce its budgetary deficits,
despite a less positive revenue scenario than S&P previously
anticipated. It also incorporates S&P's view of the central
government's continued commitment to provide financial support to
Valencia, in the absence of a structural reform to improve its
budgetary framework.
S&P thinks Valencia's budgetary performance and ability to
service debt are largely determined by the extent of the central
government's ability and commitment to provide financial and
budgetary support to the region, as well as its supervisory
efforts to prevent budgetary deviations. Therefore, S&P would
downgrade the region if it saw wavering in the central
government's commitment to support Valencia, or an inability to
continue inducing budgetary consolidation.
Conversely, S&P could upgrade Valencia if it thought that the
region was likely to benefit from a substantial improvement in
its financing, and it kept a firm grip on expenditures despite
revenue increases. In S&P's view, this could improve Valencia's
budgetary metrics, and put the region on track to start gradually
deleveraging. S&P could also upgrade Valencia if it expected it
to benefit from debt relief from the central government, leading
its tax-supported debt to structurally fall below S&P's highest
debt benchmark of 270% of consolidated operating revenues. S&P
currently sees both scenarios as very unlikely, however.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.
The committee's assessment of the key rating factors is reflected
in the Ratings Score Snapshot.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook. The weighting of
all rating factors is described in the methodology used in this
rating action.
RATINGS LIST
Ratings Affirmed
Valencia (Autonomous Community of)
Issuer Credit Rating BB-/Stable/B
Senior Unsecured BB-
Commercial Paper B
===========
T U R K E Y
===========
TURKEY: S&P Affirms 'BB+/B' Sovereign Credit Ratings
----------------------------------------------------
Standard & Poor's Ratings Services affirmed its unsolicited
'BB+/B' long- and short-term foreign currency sovereign credit
ratings on the Republic of Turkey. At the same time, S&P
affirmed its 'BBB/A-2' long- and short-term local currency
sovereign credit ratings, and its 'trAAA/trA-1' long- and short-
term Turkey national scale ratings. The outlook remains
negative.
RATIONALE
The affirmation reflects S&P's base-case scenario that GDP growth
will gradually return to being above 3%, external debt metrics
will stabilize, and fiscal policy will remain tight. Under such
a scenario, S&P believes Turkey's situation in 2017 will be
similar to today: stable public finances, private-sector reliance
on external debt financing, and elevated inflation largely
eroding any income gains. The ratings on Turkey benefit from its
monetary flexibility and the Treasury's policy of meeting net
public-sector financing needs by issuing in local currency.
Nonetheless, risks to Turkey's economic prospects persist and
many of these are beyond Turkey's control. For instance, in the
18 months since the original tapering discussion by the U.S.
Federal Reserve, the Turkish lira has depreciated 25% against the
U.S. dollar. The episode has illustrated Turkey's vulnerability
to changes in international sentiment, owing to:
-- The large (more than US$100 billion) "short" foreign
currency position of Turkey's corporate sector, and what
this implies for its capacity to service liabilities to
domestic banks, and therefore for Turkey's GDP growth
prospects.
-- Increased foreign borrowing by Turkish banks. Notably,
gross financial-sector external debt more than doubled to
US$184 billion between Dec. 2010 and Sept. 2014, the
majority estimated to be short term. This is equivalent to
an annual inflow of nonresident lending of about 3% of GDP.
-- Turkey's still-sizable, albeit considerably narrowed,
current account deficit (CAD), which we forecast at 5.2% of
GDP at end-2014 (7.9% in 2013). As a percentage of current
account receipts, S&P forecasts the CAD will be 18% by
year-end.
-- The uncertain global economic environment, particularly the
potential for a reversal of accommodative U.S. monetary
policy.
-- A high pass-through of exchange-rate depreciation into
inflation. At close to 9% in 2014 and the government's
forecast of 6.1% by year-end 2015, it will remain
considerably above the Turkish central bank's medium-term
target of 5%.
Mitigating these external vulnerabilities, Turkey benefits from
monetary flexibility with its deep local currency capital markets
and floating exchange rate. The latter has enabled a 16%
depreciation in Turkey's real effective exchange rate compared to
late 2010. In addition, the central bank has increased its
reported gross foreign-exchange reserves by encouraging banks to
meet local currency reserve requirements with foreign-exchange
deposits. Total deposits for all reserve requirements now make
up an estimated 78% of gross reserves (52% in 2011). Though
central bank international reserves net of these deposits have
not increased in absolute terms for several years, and even gross
reserves are flat compared to year-end 2013, net reserves now
cover roughly 90% of the expected 2014 CAD. Nevertheless, this
international reserve position only provides a limited buffer to
contend with any further exchange-rate pressure.
The decline in oil prices should give more support to the
rebalancing of the economy. After revising S&P's oil price
assumptions down to a medium-term average of US$90/barrel for
Brent oil (from US$102), S&P now project the CAD will remain
close to 2014 levels of 5.3% of GDP until 2017. S&P forecasts a
slight improvement in the funding profile, with net FDI to
average US$10 billion annually in 2014-2017 (similar to 2010-
2013) and net portfolio flows performing likewise. Given a lower
headline CAD, this would imply an average of about 30% equity
financing over the forecast horizon (21% in the previous
comparable period). However, 70% debt financing would still
increase external debt metrics, with net external debt rising to
40% of GDP in 2017 from 31% in 2013.
The key question remains: what type of growth is being financed
by debt? S&P believes that since 2007 much of Turkey's debt has
flowed into the domestic services sector, property development
and construction, and the untested small and midsize enterprise
(SME) loan book. S&P notes that public- and private-construction
spending continued to grow in real terms in the first half of
2014, while other investment spending declined. Lower GDP growth
could test the creditworthiness of these recent borrowers; for
instance, state-owned Halkbank's nonperforming loan (NPL) ratio
rose by nearly 1% in third-quarter 2014 due to one borrower being
behind schedule. This incident raises questions about the extent
of state-owned banks' quasi-fiscal activity that may not satisfy
commercial lending standards. This also follows years of rapid
credit growth that, after a subdued first-half 2014, appears to
have returned (the central bank's preferred measure of 13-week
average credit growth has again risen to close to 20% as of
Nov. 7, 2014).
While Turkish banks' direct exposure to nonresidential property
appears to be limited to 7% of total assets, the corporate
sector's exposure to construction and property would likely be
about 13% of its assets (similar to its share in Turkish GDP).
In S&P's view, the Turkish financial system would therefore not
be immune to any larger downturn, but the low systemwide NPL
ratio of about 3% indicates a robust starting point in any
potential crisis.
In the event of the banking system requiring sovereign support,
Turkey would benefit from its stable fiscal position. We expect
the government will continue running limited deficits, averaging
2.3% of GDP in 2014-2017. At this level, key debt metrics trends
will remain largely flat -- with the general government interest
burden at about 6% of revenues and net general government debt at
32% of GDP, of which S&P estimates 70% is denominated in Turkish
lira. S&P also notes that, since 2009, the average maturity of
Turkish government domestic debt has more than doubled to over
six years. S&P's headline deficit figures are higher than the
government's "Medium-Term Program" given S&P's lower growth
forecasts and its expectations that upcoming elections and socio-
political tensions will promote higher expenditures than
currently planned.
Despite the government's presentation of a new structural reform
agenda, S&P continues to see elevated policy risks in relation to
the upcoming 2015 general elections and geopolitical turmoil
along Turkey's borders. The recent erosion of checks and
balances in Turkey's key independent institutions, alongside the
centralization of decision-making, poses risks to business
confidence and economic stability. With real GDP growth expected
to hover around 3% in the medium term, unemployment could
continue rising, further exacerbating the present level of
domestic polarization. Lastly, the spillover of sectarian and
ethnic tensions from conflicts in Syria and Iraq could render
policymaking even more unpredictable.
OUTLOOK
The negative outlook reflects S&P's view of at least a one-in-
three likelihood that it could downgrade Turkey within the next
12 months if there is a balance-of-payments or growth shock as a
result of changed global liquidity conditions or an economic
downturn in core trading markets. A severe shock could affect
fiscal performance either directly through a sudden drop in
revenue and higher expenditure needs, or indirectly through the
crystallization of contingent liabilities from quasi-fiscal
activities or financial-sector instability. S&P could also lower
the rating if it no longer considered the Turkish lira an
actively traded currency; this depends on the sovereign's
institutional and policy settings preserving foreign investor
confidence.
S&P believes downward pressure on the ratings could abate and the
ratings could stabilize if economic growth continued to rebalance
and depended less heavily on external borrowing.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk actors were considered and
discussed, looking at track-record and forecasts.
The committee agreed that all key rating factors were unchanged.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook. The weighting of
all rating factors is described in the methodology used in this
rating action.
RATINGS LIST
Ratings Affirmed
Turkey (Republic of) (Unsolicited Ratings)
Sovereign Credit Rating
Foreign Currency BB+/Negative/B
Local Currency BBB/Negative/A-2
Turkey National Scale trAAA/--/trA-1
Transfer & Convertibility Assessment BBB
===========================
U N I T E D K I N G D O M
===========================
DECO 8: Fitch Affirms 'Dsf' Rating on GBP2.8MM Class G Notes
------------------------------------------------------------
Fitch Ratings downgrades DECO 8-UK Conduit 2 plc (DECO 8)'s class
A1 notes due 2018 and affirmed the remaining tranches (all except
A2 due in 2036).
GBP64.2m class A1 (XS0251885603) downgraded to 'AAsf' from
'AAAsf'; Outlook Stable
GBP255.8m class A2 (XS0251886163): affirmed at 'CCCsf'; Recovery
Estimate (RE) 80%
GBP32.3m class B (XS0251886833): affirmed at 'CCCsf'; RE 0%
GBP33.9m class C (XS0251887211): affirmed at 'CCsf'; RE0%
GBP23.4m class D (XS0251887724): affirmed at 'CCsf'; RE0%
GBP60.9m class E (XS0251889696): affirmed at 'Csf'; RE0%
GBP14.2m class F (XS0251890199): affirmed at 'Csf'; RE0%
GBP2.8m class G (XS0251890868): affirmed at 'Dsf'; RE0%
DECO 8 was originally the securitization of 22 commercial
mortgage loans originated by Deutsche Bank. In Oct. 2014, eight
loans remained, including seven in special servicing. Of the 14
repaid loans, two were redeemed with a loss.
KEY RATING DRIVERS
The downgrade of the senior tranche and the revision of the class
A2 recovery estimate (to 80% from 90%) reflect the lower recovery
expectations from Lea Valley (reflected in the 2013 valuation)
and the changed timing in the Mapeley Beta (Mapeley II) workout.
The GBP211.9 million Lea Valley Limited loan is secured on 24
commercial assets (office, industrial and retail). In Sept.
2013, the assets were revalued for the first time since closing.
The loan-to-value ratio (LTV) was reported at 249.5% in July
2014, up from 79.8% at closing. The increase, caused by yield
shift, an aging portfolio and high vacancy at 21.8%, exceeded
Fitch's expectations as the agency estimated the effective
leverage at around 180% for its 2013 rating action.
The deterioration did not cause a loan default as an existing LTV
covenant was removed in a post-closing restructuring. Instead,
the loan is now subject to annual repayment targets and remains
in compliance. Loan maturity is scheduled for April 2016 and,
barring payment default, Lea Valley will remain in primary
servicing until then. Given the high leverage, Fitch expects a
maturity default and a significant ultimate loss.
The GBP189.2 million Mapeley Beta loan has been in special
servicing since 2012 due to an uncured LTV covenant breach. The
special servicer's workout plan originally envisaged the sale of
65% of the collateral (16 office properties in predominantly
secondary UK locations) throughout 2014. To date, no assets have
been sold and the strategy is being revised. In particular, the
largest asset (let to Microsoft on a long lease) was expected to
be sold swiftly at the time of Fitch's last rating action, with
proceeds sufficient to redeem Class A1.
The strategy revision may ultimately increase recoveries as more
time is allowed for capital expenditure and approaching
interested buyers while reducing swap breakage costs at the same
time. However, only 3.5 years remain to repay GBP320 million of
senior notes. The uncertainty regarding the timing of the Mapeley
Beta sales, and the possibility of class A1 becoming subject to
rating caps starting in 18 months, contributed to the downgrade
of the senior tranche. Fitch expects a moderate loss from
Mapeley Beta.
The GBP62 million Fairhold portfolio defaulted at its maturity in
2013. Despite a moderate senior LTV at 73% (based on a 2013
valuation) but refinancing needed to include an existing junior
debt, with an LTV of around 100%. The collateral is
predominantly residential but the income comprises ground rent
instead of standard occupational lease income.
The borrower and special servicer are in discussions regarding a
consensual asset sale but several points remain outstanding
(mostly related to greater transparency / control for the special
servicer). Should no agreement be reached, an enforcement
scenario seems most likely. There is a long-dated swap in place
and timing of enforcement/ resolution will affect the size of
breakage costs. However, using conservative assumptions, Fitch
believes that the senior loan may be repaid in full, with the
junior loan bearing any losses.
There are five smaller loans in special servicing and various
degrees of workout. The aggregate principal balance equals
around 5% of the current transaction. The reported LTV ranges
from 109% to 229%. The collateral comprises office, retail
(including shopping centre) and industrial assets across the UK.
As no equity remains, Fitch expects significant losses from all
five loans, increased by workout costs and in two cases unpaid
interest.
RATING SENSITIVITIES
Recoveries below Fitch's expectations could result in downgrades
of the class A2, B, C and D notes. Should class A1 remain
outstanding close to bond maturity in 2018, it would become
subject to rating caps.
Fitch estimates 'Bsf' principal proceeds of approximately
EUR278m.
FOUR SEASONS: Terra Firm Appoints Blackstone to Advise on Options
-----------------------------------------------------------------
Anne-Sylvaine Chassany at The Financial Times reports that Terra
Firma, Guy Hands' private equity firm, has appointed Blackstone
to advise on options for Four Seasons Health Care following a
deterioration of the company's financial health.
The decision comes as reduced payments from local authorities and
rising operating costs have squeezed UK care homes' profits, the
FT notes.
According to the FT, two people familiar with the situation said
Blackstone's advisory unit will look at a range of financial and
strategic options for Four Seasons. One these person said Four
Seasons, which took on GBP525 million of loans to help fund Terra
Firma's acquisition in 2012, has not breached any debt covenants
and has cash, the FT relates.
Terra Firma purchased Four Seasons from Royal Bank of Scotland
two years ago in a deal that valued the care homes operator at
GBP825 million including debt, the FT recounts.
Under the terms of the acquisition, Terra Firma injected GBP300
million of its own equity to fund the deal, loading the company
with loans to finance the rest of the price, the FT discloses.
Four Seasons Health Care is a UK care homes operator.
GROUNDWORK BRIDGEND: In Administration, Cuts 20++ Jobs
------------------------------------------------------
WalesOnline reports that a Tondu-based charity, which has
supported a wealth of regeneration projects across the county
borough during the past 25 years has gone into administration,
with the loss of more than 20 jobs.
Groundwork Bridgend and Neath Port Talbot (BNPT) was placed into
administration after the charity's trustees sought the advice of
insolvency advisors BDO LLP, during the past fortnight,
WalesOnline has learned.
The charity, which has been based at the historic Victorian
Ironworks at Parc Tondu since it reclaimed and refurbished the
building as part of the Changing Places program, was one of a
network of 22 independent charities comprising the Groundwork
Federation, according to WalesOnline.
Originally formed as Ogwr Groundwork Trust in 1989, it operated
under the wider umbrella of Groundwork Wales alongside Groundwork
Caerphilly, neither of which is affected by this latest
development, the report notes.
The report relates that Katy Stevenson, acting chief executive
officer at Groundwork Wales, said the "difficult" decision was
made as it became increasingly apparent that the organization was
"no longer viable."
It is understood that while some members of staff have taken on
new roles with Groundwork Wales, at least 24 employees have lost
their jobs, the report notes.
In a statement to the Gazette, Groundwork's National chief
executive Graham Duxbury said the company employed 33 people and
a number of part-time and sessional workers, and that nine had
been employed on new or existing projects for Groundwork Wales,
the report notes.
"This has been a difficult but responsible decision, taken in
light of the challenges being experienced by Groundwork Bridgend
and Neath Port Talbot in achieving financial viability," the
report quoted Mr. Duxbury as saying.
Neither Groundwork Wales nor BDO LLP has clarified the impact of
the decision on the iconic Ironwork site, which was occupied by
Groundwork BNPT, the report notes.
It is also unclear which projects established or assisted by
Groundwork BNPT will continue once the organization is wound up,
the report discloses.
MILLNET DOCUMENT: In Administration After Key Clients Cuts Work
---------------------------------------------------------------
PrintWeek reports that Millnet Document Solutions, the joint
venture between Yolanda Noble and document management specialist
Millnet, has been placed into administration after a key client
significantly reduced its work and various delays in new projects
going live.
Joint administrators Simon Thomas and Arron Kendall of Moorfields
Corporate Recovery were appointed to Millnet Document Solutions
on November 14 at the request of the directors.
Six of the firm's 26 staff were made redundant as a result of the
appointment, according to PrintWeek.
Ms. Noble acquired GBP4 million-turnover Print Logic out of
administration in April this year, through a joint venture
between herself and Millnet founder Marcus Craggs, according to
PrintWeek.
The report notes that the firm subsequently rebranded as Millnet
Document Solutions and embarked on a significant kit investment
and expansion program. At the time, Ms. Noble said that she
hoped to build a GBP15 million to GBP20 million business within
two years.
According to Ms. Noble, the reasons behind the firm's collapse
were that a key client unexpectedly cut its volumes by two-
thirds, which was compounded by the fact that a number of recent
contract wins had been delayed until the new year, the report
relates.
"Millnet and I decided that without a significant cash injection
the business was in danger of getting into debt and we didn't
want to be in the position where lots of creditors were owed lots
of money, that's just not my style. I tried to persuade Millnet
to support us going forward, but it decided not to and I can't do
it on my own," the report quoted Ms. Noble as saying.
"At the end of the day, we could have tried to limp through, but
we had to do what was the right thing for the staff and
creditors," Ms. Noble said.
The report relays that Ms. Noble added that the directors had
tried to put together a rescue package, but stressed that a pre-
pack administration was "never an option" and that many of the
firm's creditors are covered by a guarantee from parent company
Millnet, so she hoped that any bad debt would be minimized.
The report notes that Ms. Noble said that she was also hopeful
that a buyer could be found for the business as there had been a
number of expressions of interest to the administrator.
NOUGAT LONDON: In Administration on Challenging Market Conditions
-----------------------------------------------------------------
Drapers reports that womenswear brand Nougat London has appointed
administrators, blaming challenging market conditions for a
downturn in trade.
Administrators at Zolfo Cooper, which was appointed on Nov. 21
blamed "a downturn in trade amid challenging market conditions"
for the difficulties of the brand, which was founded in 1990,
according to Drapers.
The report notes that it is thought that the warm autumn weather
and discounting of knitwear and outerwear added to the business's
problems.
The company, which trades under the brand name Nougat, Havren,
Nougat Bath and Body and NGT for men, will continue to trade
while the options for a sale of all or part of the business are
explored, the report relates. During this period, the joint
administrators -- Claire Winder, Peter Saville and Anne O'Keefe
-- said they will "seek to ensure minimal disruption to the
supply of goods to concessions stocking the company's brands,"
the report notes.
"We have reviewed the options for the company with the directors
and, unfortunately, poor trading performance means that the
business is not able to continue trading in its current form.
The administration will provide some time to allow a sale process
to be undertaken. Nougat and Havren are strong brands and we
expect there to be considerable interest in acquiring them," the
report quoted Mr. Winder, director at Zolfo Cooper, as saying.
SANDWELL COMMERCIAL: S&P Cuts Rating on Class E Notes to 'CCC-'
---------------------------------------------------------------
Standard & Poor's Ratings Services lowered its credit ratings on
Sandwell Commercial Finance No. 2 PLC's class B, C, D, and E
notes. At the same time, S&P has affirmed its rating on the
class A notes.
The rating actions follow S&P's review of the underlying loans'
credit quality in light of their deteriorating credit performance
and increased concentration risk that increases the risk of
losses, in S&P's view.
The loans are secured on 68 U.K. properties with the majority of
the assets consisting of retail (57%) and office properties
(25%). The properties are located within 12 U.K. regions. Most
of the properties are now located in the northwest of England
(16.9% by market value). London is no longer one of the
predominant regions and only represents 5.6% of the pool.
The loan's portfolio balance has reduced substantially since
closing in 2005, to GBP99,277,433 from GBP344,860,291. This has
resulted from scheduled amortization payments, loans repaying at
loan maturity, and unscheduled amortization payments following
enforcement of covenant breaches. The weighted-average reported
loan-to-value (LTV) ratio is 102.10% and the weighted-average
reported interest coverage ratio (ICR) is 2.92x. As a result of
low interest rates, the ICR has increased from 1.31x since cut
off.
However, the pool reduction has also resulted in greater
concentration risk, in S&P's view. The top 10 loans now
represent 47% of the entire pool. The current weighted-average
reported LTV ratio for these 10 loans is 119.57%.
S&P also understands that some loans, no longer in the pool, had
previously repaid at a loss. In this transaction, losses are not
directly applied reverse sequentially toward the notes'
redemption, but instead accrue on a principal deficiency ledger
(PDL). To date, the PDL associated with the class E notes is
GBP4.5 million. This represents about 48% of the class E notes'
balance.
In this transaction, the issuer can use principal collections
then draw the liquidity facility to cover shortfalls in payments
of senior expenses, which include interest (but not principal)
due or overdue on the notes. There is however a lockout for the
class B, C, D, and E notes if the principal deficiency subledger
for each of these classes is equal to or greater than 50% of the
balance of the notes.
S&P's ratings in Sandwell Commercial Finance No. 2 address the
timely payment of interest (payable quarterly in arrears) and the
payment of principal no later than the Sept. 2037 legal final
maturity date.
Although S&P considers the available credit enhancement for the
class A notes as adequate to mitigate the risk of losses from the
remaining underlying loans in higher stress scenarios, S&P has
affirmed its 'A (sf)' rating on the class A notes for
counterparty reasons. S&P's current counterparty criteria allow
it to rate the notes in structured finance transactions above
S&P's ratings on related counterparties if a replacement
framework exists and other conditions are met. The maximum
ratings uplift depends on the type of counterparty obligation.
In this transaction, Barclays Bank PLC (A/Negative/A-1) is the
bank account provider and The Royal Bank Of Scotland PLC (A-
/Negative/A-2) is the swap provider. In accordance with S&P's
current counterparty criteria, these counterparties can support a
maximum potential rating of 'A (sf)' on the notes in this
transaction.
S&P considers the available credit enhancement for the class B
and C notes to be commensurate with lower rating levels than
those currently assigned. As a result, S&P has lowered to 'BB+
(sf)' from 'BBB (sf)' and to 'B (sf)' from 'BB(sf)' its ratings
on the class B and C notes, respectively. In S&P's analysis of
the class C notes, it considered that the remaining tail period
will mitigate the risk of losses in S&P's 'B' rating stress
scenario.
In S&P's opinion, the class D and E notes' repayment depends on
favorable economic conditions and face, as a result, at least a
one-in-two likelihood of default. The one-notch difference
between S&P's ratings on the class D and E notes reflects the
greater risk of default for the class E notes, as illustrated by
its reported PDL. Therefore, in line with S&P's criteria for
assigning 'CCC' category ratings, it has lowered to 'CCC (sf)'
from 'B- (sf)'and to 'CCC- (sf)' from 'B- (sf)' its ratings on
the class D and E notes, respectively.
RATINGS LIST
Sandwell Commercial Finance No. 2 PLC
GBP350 mil commercial mortgage-backed floating-rate notes
Rating
Class Identifier To From
A XS0229030126 A (sf) A (sf)
B XS0229030472 BB+ (sf) BBB (sf)
C XS0229030712 B (sf) BB (sf)
D XS0229031017 CCC (sf) B- (sf)
E XS0229031280 CCC- (sf) B- (sf)
TOWERGATE HOLDINGS: Moody's Cuts Corporate Family Rating to Caa1
----------------------------------------------------------------
Moody's Investors Service has downgraded the Corporate Family
Rating (CFR) and Probability of Default Rating of Towergate
Holdings II Limited by one notch to Caa1 / Caa1-PD. The senior
secured and senior unsecured instruments issued by Towergate
Finance plc have also been downgraded by one notch to B2 and Caa3
respectively. All ratings have been placed on review for further
downgrade.
Ratings Rationale
Moody's Caa1 CFR reflects a combination of Towergate's (or
"Group") strong UK insurance broker market presence and
historically good, albeit declining, EBITDA profitability.
However, the rating downgrade reflects the material decline in
profitability during 9m 2014, and especially Q3, which has
resulted in: (1) a significant deterioration in the Group's
operational cash flow and liquidity, and (2) an increase in the
already significantly high debt-to-EBITDA ratio of 9.2x (on a
Moody's basis) at YE13, with the Group entering discussions
around the renegotiation of the tightened financial covenant
under its Revolving Credit Facility, which was fully drawn at the
end of Q3 2014.
Towergate's profitability has materially deteriorated during 2014
with the Group reporting a loss of GBP134 million as at 9m 2014
(9m 2013: loss of GBP61 million) with a loss of GBP87 million
reported for Q3 2014 alone. Whilst this result incorporates
restructuring expenses, costs associated with regulatory
investigations and the GBP 55 million impairment of the Network
division, underlying EBITDA has also deteriorated as a result of
weak organic growth largely driven by a tough trading environment
in the UK.
Moody's notes that the increasing weakness in the Group's
operational cash flow and liquidity, together with the Group's
need to renegotiate its financial covenant, indicate increased
downside risk for Towergate's creditors. Moody note that the
Group is seeking to address its liquidity issues through
management actions including the disposal of small non-core
businesses, but there is uncertainty in this regard with respect
to timing and quantum. Furthermore, Moody currently view
Towergate's longer-term liquidity position as challenged given
the Group's current financial performance, the weak trading
environment and on-going restructuring cost burden.
Moody's notes that as a consequence of the decline in
profitability during 2013 and historically high indebtedness of
the Group, Towergate's debt-to-EBITDA ratio increased
significantly from 6.8x at YE2012 to 9.2x at YE2013. Given the
Group's performance in 9m 2014, Moody expect this ratio to
increase further at YE2014 and remain significantly above Moody
expectation for a B3 CFR for the foreseeable future.
Based on the Group's performance in recent quarters, and
following the resignation of the CEO, Mark Hodges, in October
2014, Moody's believes that the execution risk with regard to the
restructuring program has been heightened, such that Moody now
believe the program will take longer to complete than first
anticipated, and Moody have adjusted Moody expectations in terms
of the timing and quantum of the associated benefits.
The ratings have also been placed on review for downgrade to
reflect the uncertainty surrounding: (1) the Group's ability to
renegotiate its bank covenant; (2) the execution risk associated
with the disposal of non-core assets and other management actions
to restore short term liquidity; and (3) the timing and magnitude
of further restructuring costs and benefits.
Focus of the Review
Specifically, Moody's review will focus on its assessment of the
Group's ability to:
(1) Restore short term liquidity through the disposal of non-core
assets and other management actions
(2) Renegotiate its bank covenant
(3) Improve its EBITDA and cash generating capabilities to
sufficiently fund its operations and service debt
(4) Begin to grow organic revenues and reduce expenses by
benefitting from the transformation program
Moody's also notes that Towergate has received offers to be
acquired by third parties. Moody will evaluate the credit
implications of such offers if and when they materialize.
What Could Move The Rating Up/Down
Moody's says that further negative rating action could result
from: (1) the inability of the Group to renegotiate its bank
covenant; or (2) the inability of the Group to restore its short
term liquidity to sufficiently fund its operational and debt
servicing needs
Conversely, the ratings could be confirmed in the event of: (1)
no covenant breach occurring due to improvements in performance
or renegotiated terms with banks; (2) successful sale of non-core
assets and execution of other management actions to restore short
term liquidity; and (3) a reduction in restructuring costs
together with the realisation of cost savings and organic revenue
growth.
The following ratings have been downgraded and placed on review
for further downgrade:
Towergate Holdings II Limited
Corporate family rating to Caa1 on review for further downgrade
from B3
Probability of default rating to Caa1-PD on review for further
downgrade from B3-PD
Towergate Finance Plc:
Senior secured revolving credit facility to B2 (LGD3, 30%) on
review for further downgrade from B1 (LGD3, 30%)
Senior secured notes to B2 (LGD3, 30%) on review for further
downgrade from B1 (LGD3, 30%)
Senior secured notes to B2 (LGD3, 30%) on review for further
downgrade from (P)B1 (LGD3, 30%)
Senior unsecured notes to Caa3 (LGD5, 84%) on review for further
downgrade from Caa2 (LGD5, 83%)
Principal Methodology
The methodologies used in these ratings were Moody's Global
Rating Methodology for Insurance Brokers & Service Companies
published in February 2012, and Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.
On a consolidated basis under IFRS, Towergate PartnershipCo
Limited as at year end 2013 reported total fee and commission
income of GBP445 million (2012: GBP439 million), an operating
profit of GBP86 million (2012: GBP107 million) and a net loss of
GBP40 million (2012: net loss of GBP5 million).
ZESTDEW LTD: December 5 Proofs of Claim Filing Deadline Set
------------------------------------------------------------
A.V. Lomas, S.A. Pearson, G.E. Bruce and J.G. Parr, the Joint
Administrators of Zestdew Limited intend to make a distribution
(by way of paying an interim dividend) to the preferential
creditors (if any) and to the unsecured, non-preferential
creditors of Zestdew.
Proofs of debt may be lodged at any point up to (and including)
December 5, 2014, the last date for providing claims, however,
creditors are requested to lodge their proofs of debt at the
earliest possible opportunity.
The Joint Administrators intend to make such distribution within
the period of two months from the last date for proving claims.
For further information, contact details, and proof of
debt forms, please visit, http://www.pwc.co.uk/business-
recovery/administrations/lehman/zestdew-
limited-in-administration.jhtml
Please complete and return a proof debt form, together with
relevant supporting documents to PricewaterhouseCooopers LLP,
7 More London Riverside, London SE1 2RT marked for the attention
of Jennifer Hills. Alternatively, you can email a completed
proof of debt form to Lehman.affiliates@uk.pwc.com
===============
X X X X X X X X
===============
* Large Companies with Insolvent Balance Sheets
-----------------------------------------------
Total
Shareholders Total
Equity Assets
Company Ticker (US$MM) (US$MM)
------- ------ ------ ------
AA LTD 2968492Z LN -1456621510 4737064769
AA PLC AA/GBX EO -1456621510 4737064769
AA PLC AA/ LN -1456621510 4737064769
AA PLC AA/GBX EU -1456621510 4737064769
AA PLC AA/ IX -1456621510 4737064769
AA PLC AA/ EB -1456621510 4737064769
AA PLC AAAAL S1 -1456621510 4737064769
AA PLC 1023859D SW -1456621510 4737064769
AA PLC 2XA GR -1456621510 4737064769
AA PLC AA/ TQ -1456621510 4737064769
AARDVARK TMC LTD 1768297Z LN -1779177.627 149732584.7
ABBOTT MEAD VICK 648824Q LN -1685905.65 168264096.2
ABF GRAIN PRODUC 1276922Z LN -48465868.55 670357516.4
ACCIONA INMOBILI 4029797Z SM -49405609 1695566442
ACEROS PARA LA 1656Z SM -263940.0005 119468482.1
ACIS GROUP LTD 4159557Z LN -21335866.02 133912152.4
ACS AIRCRAFT FIN 4491555Z ID -11819999.97 131524997.4
ACTUACIONES ACTI AGR SM -102379482.8 427577243.8
ADDASTA HOLDING 3814224Z NA -223750.1218 117273756.7
ADRIA AIRWAYS 54757Z SV -51862326.31 134757004
ADRIA CABLE BV 4044453Z NA -62348693.94 188829025.3
ADVANCE DISPLAY ADTP PZ -3015579018 2590008061
AEA TECHNOLO-FPR AATF LN -251538429 142000079.4
AEA TECHNOLO-FPR AATF PZ -251538429 142000079.4
AEA TECHNOLO-NPR AATN LN -251538429 142000079.4
AEA TECHNOLO-NPR AATN PZ -251538429 142000079.4
AEA TECHNOLOGY AAT PO -251538429 142000079.4
AEA TECHNOLOGY AAT VX -251538429 142000079.4
AEA TECHNOLOGY EAETF US -251538429 142000079.4
AEA TECHNOLOGY AAT IX -251538429 142000079.4
AEA TECHNOLOGY G AAT PZ -251538429 142000079.4
AEA TECHNOLOGY G 1005182D GR -251538429 142000079.4
AEA TECHNOLOGY G AEATF US -251538429 142000079.4
AEA TECHNOLOGY G AATGBP EO -251538429 142000079.4
AEA TECHNOLOGY G AAT LN -251538429 142000079.4
AEA TECHNOLOGY G 0884037D EO -251538429 142000079.4
AEA TECHNOLOGY G 0884036D EU -251538429 142000079.4
AEGEK AEGEK EU -107572284.1 366319845.1
AEGEK AEGEK EO -107572284.1 366319845.1
AEGEK AEGEK GA -107572284.1 366319845.1
AEGEK AGEKF US -107572284.1 366319845.1
AEGEK AEGEK PZ -107572284.1 366319845.1
AEGEK AGK GR -107572284.1 366319845.1
AEGEK S.A. AEGEKY L3 -107572284.1 366319845.1
AEGEK S.A. AEGEKY S2 -107572284.1 366319845.1
AEGEK S.A. AEGEKY B3 -107572284.1 366319845.1
AEGEK S.A. - RTS 989399Q GA -107572284.1 366319845.1
AEGEK S.A.-RTS AEGEPR GA -107572284.1 366319845.1
AEGEK S.A.-RTS AEGEKR GA -107572284.1 366319845.1
AEGEK SA-AUCTION AEGEKE GA -107572284.1 366319845.1
AEGEK-PFD 2733073Q EU -107572284.1 366319845.1
AEGEK-PFD 2733077Q EO -107572284.1 366319845.1
AEGEK-PFD AEGEP PZ -107572284.1 366319845.1
AEGEK-PFD AEGEP GA -107572284.1 366319845.1
AEGEK-PFD AUCTIO AEGEPE GA -107572284.1 366319845.1
AFFINITI INTEGRA 1651064Z LN -436307727.6 341755295.2
AFIRMA GRUPO INM AFR EO -33301815.13 950532329.1
AFIRMA GRUPO INM AFR TQ -33301815.13 950532329.1
AFIRMA GRUPO INM AFRGBX EO -33301815.13 950532329.1
AFIRMA GRUPO INM AFRGBX EU -33301815.13 950532329.1
AFIRMA GRUPO INM AFR EU -33301815.13 950532329.1
AFIRMA GRUPO INM AFR SM -33301815.13 950532329.1
AFIRMA GRUPO INM AGISF US -33301815.13 950532329.1
AFIRMA GRUPO INM AFRGBP EO -33301815.13 950532329.1
AFIRMA GRUPO-RTS AFR/D SM -33301815.13 950532329.1
AFRICA OFFSHORE AOSA NO -280249984 357512992
AG PETZETAKIS SA PETZK PZ -110809481.9 206423169.8
AG PETZETAKIS SA PTZ1 GR -110809481.9 206423169.8
AG PETZETAKIS SA PETZK EO -110809481.9 206423169.8
AG PETZETAKIS SA PZETF US -110809481.9 206423169.8
AG PETZETAKIS SA PTZ GR -110809481.9 206423169.8
AG PETZETAKIS SA PETZK GA -110809481.9 206423169.8
AG PETZETAKIS SA PETZK EU -110809481.9 206423169.8
AGOR AG DOOG IX -482467.0522 144438127.4
AGOR AG DOO GR -482467.0522 144438127.4
AGOR AG DOOD PZ -482467.0522 144438127.4
AGOR AG DOO S1 -482467.0522 144438127.4
AGOR AG DOO EU -482467.0522 144438127.4
AGOR AG NDAGF US -482467.0522 144438127.4
AGOR AG DOO EO -482467.0522 144438127.4
AGOR AG-RTS 2301918Z GR -482467.0522 144438127.4
AGORA SHOPPING C 214766Z LN -50701197.21 252336526.8
AGRUPACIO - RT AGR/D SM -102379482.8 427577243.8
AIMIA COALITION 2555794Z LN -94460222.81 621037214.8
AIR BERLIN PLC AB1 BQ -549668067 2798718267
AIR BERLIN PLC AB1 TQ -549668067 2798718267
AIR BERLIN PLC AB1GBX EO -549668067 2798718267
AIR BERLIN PLC AB1 GR -549668067 2798718267
AIR BERLIN PLC AB1 S1 -549668067 2798718267
AIR BERLIN PLC AB1 PZ -549668067 2798718267
AIR BERLIN PLC AIBEF US -549668067 2798718267
AIR BERLIN PLC AB1 EB -549668067 2798718267
AIR BERLIN PLC AB1 EO -549668067 2798718267
AIR BERLIN PLC AB1GBP EO -549668067 2798718267
AIR BERLIN PLC AB1 EU -549668067 2798718267
AIR BERLIN PLC AB1D B3 -549668067 2798718267
AIR BERLIN PLC AB1 IX -549668067 2798718267
AIR BERLIN PLC AB1GBX EU -549668067 2798718267
AIR BERLIN PLC AB1 NQ -549668067 2798718267
AIR BERLIN PLC AB1 SW -549668067 2798718267
AIR BERLIN PLC AB1 QM -549668067 2798718267
AIR BERLIN PLC AB1 TH -549668067 2798718267
AIR BERLIN PLC AB1D L3 -549668067 2798718267
AIR BERLIN PLC ABOG IX -549668067 2798718267
AIR BERLIN PLC AB1D S2 -549668067 2798718267
AIR COMMAND SYST 4470055Z FP -30657158.94 217998392.9
AIRBUS MILITARY 4456697Z SM -48974067.1 2049792335
AIRBUS OPERATION 4435153Z LN -622881599.4 5619187195
AIRTOURS PLC ATORF US -379731744 1817560463
AIRTOURS PLC AIR VX -379731744 1817560463
AIRTOURS PLC AIR LN -379731744 1817560463
AKER BRYGGE AS 4447369Z NO -48154701.45 699923492.2
AKER ELEKTRO AS 4389353Z NO -35849851.01 136482190.9
AKER FLOATING PR AKFP PZ -16100000 765200000
AKER FLOATING PR AKFP EO -16100000 765200000
AKER FLOATING PR AKFP NO -16100000 765200000
AKER FLOATING PR AKFPEUR EU -16100000 765200000
AKER FLOATING PR AKFP BY -16100000 765200000
AKER FLOATING PR AKFPEUR EO -16100000 765200000
AKER FLOATING PR AKNO IX -16100000 765200000
AKER FLOATING PR AKFP EU -16100000 765200000
AKER MARINE CONT 4414377Z NO -58718358.92 165264364
AKER STORD A/S 4498875Z NO -216314138.2 694523053.4
AKER SUBSEA AS 4394593Z NO -4078325.72 1050122582
AKERYS SERVICES 4685937Z FP -20015987.82 123238682.9
AKZO NOBEL POWDE 1472346Z LN -45561469.76 146392085.3
ALAPIS HOLDIN-RT ALAPISR GA -1446551773 135183840.6
ALAPIS HOLDING 3385874Q GA -1446551773 135183840.6
ALAPIS HOLDING I V2R GR -1446551773 135183840.6
ALAPIS HOLDING I FFEFD B3 -1446551773 135183840.6
ALAPIS HOLDING I FFEFD L3 -1446551773 135183840.6
ALAPIS HOLDING I FFEFD S2 -1446551773 135183840.6
ALAPIS HOLDING I VETER GA -1446551773 135183840.6
ALAPIS HOLDING I ALAPIS EU -1446551773 135183840.6
ALAPIS HOLDING I VTERF US -1446551773 135183840.6
ALAPIS HOLDING I FFE GR -1446551773 135183840.6
ALAPIS R-R ALAPV10 GA -1446551773 135183840.6
ALAPIS REPO ALAPL10 GA -1446551773 135183840.6
ALAPIS SA ALAPIS GA -1446551773 135183840.6
ALAPIS SA APSHF US -1446551773 135183840.6
ALAPIS SA FFEF GR -1446551773 135183840.6
ALAPIS SA ALAPI EO -1446551773 135183840.6
ALAPIS SA ALAPI EU -1446551773 135183840.6
ALAPIS SA FFEB GR -1446551773 135183840.6
ALAPIS SA ALAPIS PZ -1446551773 135183840.6
ALBERTO MARTINS 4488947Z PL -25419628.18 123489526.4
ALCATEL LUCENT N 4043757Z NA -21653637.64 116356629.5
ALCATEL-LUCENT F 3647063Z FP -794545837 4984810705
ALCHEVSKIY ALMK UZ -29316769.49 2251428423
ALELUIA-CERAMICA 4764457Z PL -10079314.35 104807491.4
ALL3MEDIA HOLDIN 4500027Z LN -566620870.4 782620326.9
ALLDAYS PLC ALDYF US -120493900 252232072.9
ALLDAYS PLC 317056Q LN -120493900 252232072.9
ALLEGION PLC ALLE US -11200000 1968099968
ALLEGION PLC 60A GR -11200000 1968099968
ALLEGION PLC 0628915D US -11200000 1968099968
ALLEGION PLC-W/I ALLE-W US -11200000 1968099968
ALLIANCE & LEICE 1603082Z LN -362201146.6 3707343539
ALLIANCE FILMS U 1774537Z LN -15721068.24 102608688.7
ALLIANCE RUSSIAN ALRT RU -15214268.73 144581794
ALNO AG ANOD L3 -25345561.84 250227602.3
ALNO AG ANO TQ -25345561.84 250227602.3
ALNO AG ANO EU -25345561.84 250227602.3
ALNO AG ANO EO -25345561.84 250227602.3
ALNO AG ANO PZ -25345561.84 250227602.3
ALNO AG ANOD B3 -25345561.84 250227602.3
ALNO AG ALNO IX -25345561.84 250227602.3
ALNO AG ANOD S2 -25345561.84 250227602.3
ALNO AG ANO TH -25345561.84 250227602.3
ALNO AG ANO GR -25345561.84 250227602.3
ALNO AG ANO S1 -25345561.84 250227602.3
ALNO AG - RTS ANO2 GR -25345561.84 250227602.3
ALNO AG-NEW ANO1 GR -25345561.84 250227602.3
ALNO AG-RTS ANOB GR -25345561.84 250227602.3
ALNO AG-RTS 4123912Z GR -25345561.84 250227602.3
ALNO AG-RTS 8174351Z GR -25345561.84 250227602.3
ALNO AG-RTS 2259765Z GR -25345561.84 250227602.3
ALPHA CREDIT GRP 2398Z LN -128161721.8 6765275654
ALPOS DD APOG PZ -67350276.85 175193779.3
ALPOS DD APOG EU -67350276.85 175193779.3
ALPOS DD APOG SV -67350276.85 175193779.3
ALPOS DD APOG EO -67350276.85 175193779.3
ALSTOM WIND SLU 1009322Z SM -34872511.82 509075734.9
ALTOS HORNOS VIZ AHV SM -115822618.8 1283089189
ALUMINIUM PECHIN 3650903Z FP -613513792.8 958725015.9
AMARIN CORP -ADR EH3A TH -33856000 252476000
AMARIN CORP -ADR EH3 GR -33856000 252476000
AMARIN CORP -ADR AMRND US -33856000 252476000
AMARIN CORP -ADR AMRN US -33856000 252476000
AMARIN CORP -ADR EH3A GR -33856000 252476000
AMARIN CORP PLC AMRN PO -33856000 252476000
AMARIN CORP PLC AMRN LN -33856000 252476000
AMARIN CORP PLC AMRNF EO -33856000 252476000
AMARIN CORP PLC H2E GR -33856000 252476000
AMARIN CORP PLC H2EA GR -33856000 252476000
AMARIN CORP PLC AMRN ID -33856000 252476000
AMARIN CORP PLC AMRJF US -33856000 252476000
AMARIN CORP PLC H2E PZ -33856000 252476000
AMARIN CORP PLC AMRNF EU -33856000 252476000
AMARIN CORP PLC AMRNF US -33856000 252476000
AMER BUS SYS ARB LN -497126976 121439000
AMEY PLC AMY LN -48862569.33 931527720.5
AMEY PLC AMY VX -48862569.33 931527720.5
AMEY PLC AMEYF US -48862569.33 931527720.5
AMEY PLC-ASSENT AMYA LN -48862569.33 931527720.5
AMEY PLC-NEW AMYN LN -48862569.33 931527720.5
AMO ZIL-CLS ZILL* RU -313328054.5 427801545.9
AMO ZIL-CLS ZILLG RU -313328054.5 427801545.9
AMO ZIL-CLS ZILL RM -313328054.5 427801545.9
AMO ZIL-CLS ZILL RU -313328054.5 427801545.9
AMPER SA AMP1 EO -84389307.66 440201335.4
AMPER SA AMPE B3 -84389307.66 440201335.4
AMPER SA APR GR -84389307.66 440201335.4
AMPER SA AMPE S2 -84389307.66 440201335.4
AMPER SA AMP1 IX -84389307.66 440201335.4
AMPER SA AMP1 EU -84389307.66 440201335.4
AMPER SA AMPS PZ -84389307.66 440201335.4
AMPER SA AMP SM -84389307.66 440201335.4
AMPER SA APMRF US -84389307.66 440201335.4
AMPER SA AMPE L3 -84389307.66 440201335.4
AMPER SA AMP1 S1 -84389307.66 440201335.4
AMPER SA AMP1 TQ -84389307.66 440201335.4
AMPER SA AMP1 EB -84389307.66 440201335.4
AMPER SA - RTS 0881324D SM -84389307.66 440201335.4
AMPER SA - RTS AMP/D SM -84389307.66 440201335.4
AMPER SA - RTS APRA GR -84389307.66 440201335.4
AMTEL-POVOLZ-BRD KIRT* RU -17984240.01 104831160.6
AMTEL-POVOLZ-BRD KIRT RU -17984240.01 104831160.6
ANKER PLC ANK LN -21861359.81 115463159
ANKER PLC DW14 GR -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
ANTWERP GATEWAY 496769Z BB -73080114.22 225706170.5
APK OGO OAO AOGO RU -5163579.316 164058148.4
AQUIRIS SA 559158Z BB -361572.7264 256156811.1
ARCADE PROPERTY 4461121Z ID -271769574.6 854837506.8
ARCADIA PETROLEU 645232Z LN -24184000 185991008
ARCELORMITTAL PTRO RO -61078989.5 178664384.2
ARCELORMITTAL ZA 3745088Z SM -140524021.2 177225469.5
ARCHIMEDES PHARM 533073Z LN -77549052.55 124667094.2
ARDAGH GLASS FIN 3489820Z ID -425707082.8 5124657810
ARGEK SA-PFD RTS 989391Q GA -107572284.1 366319845.1
ARGENTA UNDERWRI 2619614Z LN -3429270.883 137134947
ARNOTTS HOLDINGS 4462545Z ID -366474765.3 152226036
ARTICON-INTE-NEW AAG3 GR -7312306.971 180437345.1
ARTICON-INTE-NEW AAG1 GR -7312306.971 180437345.1
ARTICON-INTE-RTS AAG8 GR -7312306.971 180437345.1
ARTICON-INTE-RTS AAG8 NM -7312306.971 180437345.1
ARTICON-INTEGR-N AAG2 GR -7312306.971 180437345.1
ARTICON-INTEGRAL AAG NM -7312306.971 180437345.1
ARTICON-INTEGRAL 229071Q LN -7312306.971 180437345.1
ARTICON-INTEGRAL AAGN NM -7312306.971 180437345.1
ARTICON-INTEGRAL AAG GR -7312306.971 180437345.1
ARTICON-INTEGRAL AIT LI -7312306.971 180437345.1
AS ROMA SPA RO9 GR -85788785.33 226242789.1
AS ROMA SPA ASR IM -85788785.33 226242789.1
AS ROMA SPA ASRM L3 -85788785.33 226242789.1
AS ROMA SPA ASR EB -85788785.33 226242789.1
AS ROMA SPA ASRO IX -85788785.33 226242789.1
AS ROMA SPA ASR S1 -85788785.33 226242789.1
AS ROMA SPA ASR IX -85788785.33 226242789.1
AS ROMA SPA ASR TQ -85788785.33 226242789.1
AS ROMA SPA ASR PZ -85788785.33 226242789.1
AS ROMA SPA ASR QM -85788785.33 226242789.1
AS ROMA SPA ASR EO -85788785.33 226242789.1
AS ROMA SPA ASRM B3 -85788785.33 226242789.1
AS ROMA SPA ASR BQ -85788785.33 226242789.1
AS ROMA SPA ASRAF US -85788785.33 226242789.1
AS ROMA SPA ASR EU -85788785.33 226242789.1
AS ROMA SPA ASRM S2 -85788785.33 226242789.1
AS ROMA SPA RTS ASRAXM IX -85788785.33 226242789.1
AS ROMA SPA RTS ASRAZM TQ -85788785.33 226242789.1
AS ROMA SPA RTS ASRAZEUR EU -85788785.33 226242789.1
AS ROMA SPA RTS ASRAZEUR EO -85788785.33 226242789.1
AS ROMA SPA RTS ASRAZA IM -85788785.33 226242789.1
AS ROMA SPA RTS ASRAXM EB -85788785.33 226242789.1
AS ROMA SPA-RTS ASRAA IM -85788785.33 226242789.1
ASCOT RACECOURSE 1965934Z LN -58031041.32 242491446.8
ASHWELL PROPERTY 4165857Z LN -192048023.3 200163088.3
ASITO DIENSTENGR 743813Z NA -2494804.851 220704023.7
ASPIS BANK SA ASEUF US -46224213.41 3486115450
ASPIS BANK-RIGHT 365673Q GA -46224213.41 3486115450
ASPIS BANK-RTS 839325Q GA -46224213.41 3486115450
ASPIS BANK-RTS ASPTR GA -46224213.41 3486115450
ASPIS BANK-RTS 3558423Q GA -46224213.41 3486115450
ASPIS MORT-RTS ASPTD GA -46224213.41 3486115450
ASPIS PRON-PF RT ASASPR GA -189911036.1 896550129.3
ASPIS PRONIA -PF ASAPR GA -189911036.1 896550129.3
ASPIS PRONIA GE ASASK EU -189911036.1 896550129.3
ASPIS PRONIA GE ASASK PZ -189911036.1 896550129.3
ASPIS PRONIA GE AISQF US -189911036.1 896550129.3
ASPIS PRONIA GE ASASK EO -189911036.1 896550129.3
ASPIS PRONIA GE ASASK GA -189911036.1 896550129.3
ASPIS PRONIA-PF ASASP GA -189911036.1 896550129.3
ASPIS PRONIA-PF APGV GR -189911036.1 896550129.3
ASPIS PRONIA-RT ASASKR GA -189911036.1 896550129.3
ASPIS PRONOIA GE APG GR -189911036.1 896550129.3
ASPIS PRONOIA GE APGG IX -189911036.1 896550129.3
ASR VASTGOED ONT 4039981Z NA -24447897.91 292472974.2
ASTON VILLA FOOT 1768569Z LN -211955267.1 117946484.4
ASTROC MEDITERRA ATRYF US -33301815.13 950532329.1
ASTROC MEDITERRA AST SM -33301815.13 950532329.1
ATENTO SA 0978340D US -133966000 1842179968
ATENTO SA ATTO US -133966000 1842179968
ATLANTIC COPPER 4512291Z SM -21013583.14 1043171373
ATLANTIC SUPERMA ATLA PZ -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA GA -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EU -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EO -76261648.16 315891294.2
ATTENDO AB 4452873Z SS -58148254.8 1244996881
ATTI-KAT ATTIK PZ -31783119.44 219443228.5
ATTI-KAT XTT GR -31783119.44 219443228.5
ATTI-KAT ATTIK EU -31783119.44 219443228.5
ATTI-KAT ATTIK EO -31783119.44 219443228.5
ATTI-KAT ATTIK GA -31783119.44 219443228.5
ATTI-KAT RTS ATTID GA -31783119.44 219443228.5
ATTI-KAT SA-AUCT ATIKE GA -31783119.44 219443228.5
ATTIKAT S.A. ATTIKY L3 -31783119.44 219443228.5
ATTIKAT S.A. ATTIKY S2 -31783119.44 219443228.5
ATTIKAT S.A. ATTIKY B3 -31783119.44 219443228.5
ATTIKAT-AUCTION ATTIKE GA -31783119.44 219443228.5
ATU AUTO-TEILE-U 3486988Z GR -571062299.6 546297842.8
AUBURN ACQUISITI 4453705Z LN -437104257 1605290465
AURIGACROWN CAR 3791672Z SM -9696676.632 319021086.5
AUTOMOBILE ASSOC 1479490Z LN -66197518.85 595410613.4
AUTOMOTIVE LIGHT 3895734Z IM -8707502.577 163886427.3
AUTOROUTES PARIS ARR FP -67014542.48 11134617648
AUTOROUTES PARIS ARR EB -67014542.48 11134617648
AUTOROUTES PARIS RK9 TH -67014542.48 11134617648
AUTOROUTES PARIS ARR EU -67014542.48 11134617648
AUTOROUTES PARIS ARRGBX EU -67014542.48 11134617648
AUTOROUTES PARIS ARR S1 -67014542.48 11134617648
AUTOROUTES PARIS ARR TQ -67014542.48 11134617648
AUTOROUTES PARIS ARR EO -67014542.48 11134617648
AUTOROUTES PARIS ARR LI -67014542.48 11134617648
AUTOROUTES PARIS ARR QM -67014542.48 11134617648
AUTOROUTES PARIS ARR1 BQ -67014542.48 11134617648
AUTOROUTES PARIS ARR IX -67014542.48 11134617648
AVANZIT SA AVZ TQ -14372275.23 222306266.2
AVANZIT SA AVZ EO -14372275.23 222306266.2
AVANZIT SA AVZ SM -14372275.23 222306266.2
AVANZIT SA AVZ EU -14372275.23 222306266.2
AVANZIT SA AVZGBX EO -14372275.23 222306266.2
AVANZIT SA AVZGBP EO -14372275.23 222306266.2
AVANZIT SA AVZGBX EU -14372275.23 222306266.2
AVANZIT SA - RTS AVZ/D SM -14372275.23 222306266.2
AVANZIT SA-RIGHT 1109551Q SM -14372275.23 222306266.2
AVANZIT SA-RTS 3185404Q SM -14372275.23 222306266.2
AVAST SOFTWARE B 0112793D US -15842000 132342000
AVAST SOFTWARE N AVST US -15842000 132342000
AVAYA HOLDINGS L 4491803Z ID -568474058.1 240668187.2
AVAYA UK 1700688Z LN -108636476.4 372961487.6
AVIS ALQUILE UN 3753296Z SM -21373936.47 271716792.1
AVIVA CENTRAL SE 4503755Z LN -66592199.44 842959793
AXON SA HOLDING AXON GA -127941241.2 833080402.6
AXON SA HOLDING AYW GR -127941241.2 833080402.6
AXON SA HOLDING AXONY S2 -127941241.2 833080402.6
AXON SA HOLDING AXONY L3 -127941241.2 833080402.6
AXON SA HOLDING AXON EU -127941241.2 833080402.6
AXON SA HOLDING AXONR GA -127941241.2 833080402.6
AXON SA HOLDING AXONY B3 -127941241.2 833080402.6
AXON SA HOLDING AXON EO -127941241.2 833080402.6
AXON SA HOLDING AXON PZ -127941241.2 833080402.6
AXON SA HOLDING AYW1 GR -127941241.2 833080402.6
AYCO GRUPO INMOB ACZ2 EU -44550881.75 109378488.8
AYCO GRUPO INMOB ACZ EU -44550881.75 109378488.8
AYCO GRUPO INMOB AYCE B3 -44550881.75 109378488.8
AYCO GRUPO INMOB AYCE L3 -44550881.75 109378488.8
AYCO GRUPO INMOB AYCE S2 -44550881.75 109378488.8
AYCO GRUPO INMOB AYC EU -44550881.75 109378488.8
AYCO GRUPO INMOB AYC SM -44550881.75 109378488.8
AYCO GRUPO INMOB ACZ SM -44550881.75 109378488.8
AYCO GRUPO INMOB ACZ PZ -44550881.75 109378488.8
AYCO GRUPO INMOB ACZ EO -44550881.75 109378488.8
AZOVZAGALMASH MA AZGM UZ -201003976.4 323492277.6
B&M EUROPEAN BMN GR -31468050.5 2018470277
B&M EUROPEAN BME1 S1 -31468050.5 2018470277
B&M EUROPEAN BME LN -31468050.5 2018470277
B&M EUROPEAN BMEL TQ -31468050.5 2018470277
B&M EUROPEAN BME1GBX EO -31468050.5 2018470277
B&M EUROPEAN BME1GBP EU -31468050.5 2018470277
B&M EUROPEAN BME1GBX EU -31468050.5 2018470277
B&M EUROPEAN BME1GBP EO -31468050.5 2018470277
B&M EUROPEAN BMEL IX -31468050.5 2018470277
B&M EUROPEAN BMEL EB -31468050.5 2018470277
B&M EUROPEAN VAL 0994508D LN -31468050.5 2018470277
BA CITYFLYER LIM 1619354Z LN -2913814.776 565315772.9
BAAN CO NV-ASSEN BAANA NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN EO -7854715.264 609871188.9
BAAN COMPANY NV BNCG IX -7854715.264 609871188.9
BAAN COMPANY NV BAAVF US -7854715.264 609871188.9
BAAN COMPANY NV BAAN IX -7854715.264 609871188.9
BAAN COMPANY NV BAAN PZ -7854715.264 609871188.9
BAAN COMPANY NV BAAN NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN EU -7854715.264 609871188.9
BAAN COMPANY NV BAAN GR -7854715.264 609871188.9
BAAN COMPANY-NY BAANF US -7854715.264 609871188.9
BADEL 1862 DD BD62RHRK EU -1401798.171 126449360
BADEL 1862 DD BD62RHRK EO -1401798.171 126449360
BADEL 1862 DD BD62RA CZ -1401798.171 126449360
BAE SYSTEMS 1538746Z LN -27870638.37 135571174.1
BAE SYSTEMS GLOB 1111359Z LN -185158798.5 505126195.8
BAE SYSTEMS INTE 2344987Z LN -150699245.3 591701047.7
BAE SYSTEMS MARI 1290786Z LN -49863659.95 723768539.3
BAE SYSTEMS PROP 1151751Z LN -80424616.73 1099382736
BAKERS AS 4527631Z NO -21452603.39 110897168.6
BALLYMORE PROPER 162707Z ID -777968838.1 565184085.1
BALTIYSKY-$BRD BALZ RU -41477621.55 203076774.8
BALTIYSKY-$BRD BALZ* RU -41477621.55 203076774.8
BALTIYSKY-BRD BALZ$ RU -41477621.55 203076774.8
BANK OF SCOTLAND 1419810Z LN -9546369.495 527923743.6
BANQ COLBERT BD FP -36259931.33 1574292181
BANQ NAT SUISS-N BNS SW -4267161939 5.52E+11
BARINA CONSTRUCT 3800988Z ID -15711770.45 142567457.5
BAS HOLDING BV 3775792Z NA -9652.300358 125821871.9
BCH GROUP PLC BCH LN -5728447.595 187998896.2
BEGAR CONSTRUCCI 4413073Z SM -154089924.8 215029526.1
BELEGGINGSMAATSC 801105Z NA -4352370.609 279285472.2
BELGES -SERIES B BELB SW -893745521.6 37018974117
BEMOG HOLDING BV 3782400Z NA -36867.13928 131874844.6
BENFICA SLBE IX -30964161.95 541880910.3
BENFICA SLBEN EU -30964161.95 541880910.3
BENFICA SLBEN TQ -30964161.95 541880910.3
BENFICA SLBEN PL -30964161.95 541880910.3
BENFICA SLBEN BQ -30964161.95 541880910.3
BENFICA SLBENX PX -30964161.95 541880910.3
BENFICA SLBEN PZ -30964161.95 541880910.3
BENFICA SLBEN EO -30964161.95 541880910.3
BENFICA SLBEN EB -30964161.95 541880910.3
BENTLEY MOTORS L 1376666Z LN -231095699.8 952710712.1
BERIEV AIRCR-BRD TAKB* RU -12753038.74 551276144.5
BERIEV AIRCR-BRD TAKB RU -12753038.74 551276144.5
BETFAIR LTD 83844Z LN -78396193.01 470492129.2
BGE UK LTD 1653368Z LN -31957706.96 460423898.3
BHFS ONE LTD 3804484Z LN -26084071.94 186362551.5
BIMBO SA 3632779Z SM -4161906.226 258795662.1
BIOTER BIOTG PZ -9837036.58 184426179.8
BIOTER BIOT1 EO -9837036.58 184426179.8
BIOTER BIOT GA -9837036.58 184426179.8
BIOTER BIOT1 EU -9837036.58 184426179.8
BIOTER S.A. BIOTY B3 -9837036.58 184426179.8
BIOTER S.A. BIOTY S2 -9837036.58 184426179.8
BIOTER S.A. BIOTY L3 -9837036.58 184426179.8
BIRMINGHAM MAILB 1781057Z LN -6609169.513 116470467.1
BIRSE CIVILS LTD 1333506Z LN -19911067.63 131366919.1
BKK VARME AS 4445833Z NO -1073759.829 155465572.1
BL SP PROPERTIES 1255Q LN -23486399.53 257455674.9
BL SP PROPERTIES STPPF US -23486399.53 257455674.9
BLACK & EDGINGTO BLE LN -104472798 111306047.8
BLACK HORSE LTD 1336426Z LN -106973288.3 4066187621
BLENHEIM GROUP 1062Q FP -152635588.1 197883920.7
BLENHEIM GROUP BEXE GR -152635588.1 197883920.7
BLENHEIM GRP-ADR BHEHY US -152635588.1 197883920.7
BLENHEIM GRP-ADR BEH$ LN -152635588.1 197883920.7
BLENHEIM SHIPPIN 1225303Z LN -33448690.06 323403866.7
BLUE SOLUTIONS BLUE IX -42690975.39 221040502
BLUE SOLUTIONS BLUE EB -42690975.39 221040502
BLUE SOLUTIONS BLUEEUR EO -42690975.39 221040502
BLUE SOLUTIONS 18B GR -42690975.39 221040502
BLUE SOLUTIONS BLUE FP -42690975.39 221040502
BLUE SOLUTIONS BLUEP L3 -42690975.39 221040502
BLUE SOLUTIONS BSOLF US -42690975.39 221040502
BLUE SOLUTIONS BLUEEUR EU -42690975.39 221040502
BLUE SOLUTIONS BLUEP S2 -42690975.39 221040502
BLUE SOLUTIONS BLUE S1 -42690975.39 221040502
BLUE SOLUTIONS BLUEP B3 -42690975.39 221040502
BLUEWATER HOLDIN 3487556Z NA -1119182968 1240432021
BMW NORGE AS 4413913Z NO -6669664.505 124748386.4
BNB RECRUITMENT BNB LN -10242626.17 103637711.2
BNB RECRUITMENT BNBRF US -10242626.17 103637711.2
BNB RECRUITMENT BQX GR -10242626.17 103637711.2
BNB RECRUITMENT BNB PO -10242626.17 103637711.2
BNB RECRUITMENT BNB IX -10242626.17 103637711.2
BNP GUYANE BNPG FP -40559116.42 352047398.5
BORGELD MANAGEME 4778257Z NA -81821.40017 246378742
BPM IRELAND PLC 4471855Z ID -4595616.014 844447724
BRADSTOCK GROUP BSKGF US -1855503.819 268572388.5
BRADSTOCK GROUP BDK LN -1855503.819 268572388.5
BRENT WALKER GRO 754087Q LN -1774306283 867084131.8
BRENT WALKER GRP BWKGF US -1774306283 867084131.8
BRIT ENERGY LTD 523362Q LN -5823025538 4921229312
BRIT ENERGY PLC BEN1 GR -5823025538 4921229312
BRIT ENERGY PLC BGYEF US -5823025538 4921229312
BRIT ENERGY PLC 555140Q VX -5823025538 4921229312
BRIT ENERGY PLC BHEGF US -5823025538 4921229312
BRIT ENERGY-A BENA GR -5823025538 4921229312
BRIT ENERGY-ADR BHEFF US -5823025538 4921229312
BRIT TELECOM BTE GR -613961782.8 42524120825
BRIT TELECOM 9484 JP -613961782.8 42524120825
BRIT TELECOM PLC BTPWF US -613961782.8 42524120825
BRIT TELECOM PLC BT/A VX -613961782.8 42524120825
BRIT TELECOM PLC BTPLF US -613961782.8 42524120825
BRIT TELECOM-ADR 1481Q CN -613961782.8 42524120825
BRIT TELECOM-ADR BTEA GR -613961782.8 42524120825
BRIT TELECOM-RTS BTY-R US -613961782.8 42524120825
BRITISH ENER-$US BGYD AR -5823025538 4921229312
BRITISH ENER-$US BGYNYD AR -5823025538 4921229312
BRITISH ENER-ADR BGYNY US -5823025538 4921229312
BRITISH ENER-BLK BGYNYB AR -5823025538 4921229312
BRITISH ENER-BLK BGYB AR -5823025538 4921229312
BRITISH ENER-C/E BGYC AR -5823025538 4921229312
BRITISH ENER-C/E BGYNYC AR -5823025538 4921229312
BRITISH ENER-CED BGY AR -5823025538 4921229312
BRITISH ENER-CED BGYNY AR -5823025538 4921229312
BRITISH ENERGY-A BGYGF US -5823025538 4921229312
BRITISH ENERGY-A BHEAF US -5823025538 4921229312
BRITISH ENERGY-A BGYA VX -5823025538 4921229312
BRITISH ENERGY-A 3012442Q LN -5823025538 4921229312
BRITISH ENERGY-A BGYA PO -5823025538 4921229312
BRITISH TELE-FP BT/F LN -613961782.8 42524120825
BRITISH TELE-NP BTPXF US -613961782.8 42524120825
BRITISH TELE-NP BT/N LN -613961782.8 42524120825
BRIXTON GREAT WE 1242343Z LN -23721762.06 160921160.6
BROKAT AG BROAF US -27134800.92 143511443.1
BROKAT AG BRKAF US -27134800.92 143511443.1
BROKAT AG BKISF US -27134800.92 143511443.1
BROKAT AG BROFQ US -27134800.92 143511443.1
BROKAT AG -NEW BRJ1 GR -27134800.92 143511443.1
BROKAT AG -NEW BRJ1 NM -27134800.92 143511443.1
BROKAT AG-ADR BROA US -27134800.92 143511443.1
BROKAT TECH -ADR BROAQ US -27134800.92 143511443.1
BROKAT TECH AG BRJ NM -27134800.92 143511443.1
BROKAT TECH AG BSA LN -27134800.92 143511443.1
BROKAT TECH AG BRJ GR -27134800.92 143511443.1
BROKAT TECH-ADR BRJA GR -27134800.92 143511443.1
BROSTROM TANKERS 3641643Z FP -12737653.37 103954574.6
BRUESA CONSTRUCC 4283093Z SM -19748118.51 423960563.7
BSKYB LLU ASSETS ESY LN -13323427.13 573001458.7
BT GROUP PLC BT/A TQ -613961782.8 42524120825
BT GROUP PLC BTQ GR -613961782.8 42524120825
BT GROUP PLC BT/A QM -613961782.8 42524120825
BT GROUP PLC BT/A S1 -613961782.8 42524120825
BT GROUP PLC BT QX -613961782.8 42524120825
BT GROUP PLC BT/ EO -613961782.8 42524120825
BT GROUP PLC BT/AUSD EU -613961782.8 42524120825
BT GROUP PLC BT/A5 EO -613961782.8 42524120825
BT GROUP PLC BT/A LN -613961782.8 42524120825
BT GROUP PLC BT/A6 EO -613961782.8 42524120825
BT GROUP PLC BT/AGBP EO -613961782.8 42524120825
BT GROUP PLC BTQ TH -613961782.8 42524120825
BT GROUP PLC BT/A7 EO -613961782.8 42524120825
BT GROUP PLC BTQD S2 -613961782.8 42524120825
BT GROUP PLC BTL S2 -613961782.8 42524120825
BT GROUP PLC BT/A3 EO -613961782.8 42524120825
BT GROUP PLC BT/A9 EO -613961782.8 42524120825
BT GROUP PLC BTEG IX -613961782.8 42524120825
BT GROUP PLC BTQ GK -613961782.8 42524120825
BT GROUP PLC BT/APEN EU -613961782.8 42524120825
BT GROUP PLC BT/AUSD EO -613961782.8 42524120825
BT GROUP PLC BT/A NR -613961782.8 42524120825
BT GROUP PLC BT/A1 EO -613961782.8 42524120825
BT GROUP PLC BT/A2 EO -613961782.8 42524120825
BT GROUP PLC BT/A8 EO -613961782.8 42524120825
BT GROUP PLC BT/A NQ -613961782.8 42524120825
BT GROUP PLC BT/A BQ -613961782.8 42524120825
BT GROUP PLC BT IX -613961782.8 42524120825
BT GROUP PLC BT/APEN EO -613961782.8 42524120825
BT GROUP PLC BTGOF US -613961782.8 42524120825
BT GROUP PLC BT/A4 EO -613961782.8 42524120825
BT GROUP PLC BT/ VX -613961782.8 42524120825
BT GROUP PLC BT/A PO -613961782.8 42524120825
BT GROUP PLC BT/AEUR EU -613961782.8 42524120825
BT GROUP PLC BTL B3 -613961782.8 42524120825
BT GROUP PLC BT/AEUR EO -613961782.8 42524120825
BT GROUP PLC BTQD B3 -613961782.8 42524120825
BT GROUP PLC BT/A EO -613961782.8 42524120825
BT GROUP PLC BTQD L3 -613961782.8 42524120825
BT GROUP PLC BTL L3 -613961782.8 42524120825
BT GROUP PLC BT/A EU -613961782.8 42524120825
BT GROUP PLC BT PZ -613961782.8 42524120825
BT GROUP PLC BT/A EB -613961782.8 42524120825
BT GROUP PLC-ADR BT/$ LN -613961782.8 42524120825
BT GROUP PLC-W/I BTWI LN -613961782.8 42524120825
BT GROUP-ADR WI BTY-W US -613961782.8 42524120825
BT GROUP-CED BLK BTYB AR -613961782.8 42524120825
BT GROUP-CEDEAR BTD AR -613961782.8 42524120825
BT GROUP-CEDEAR BTYC AR -613961782.8 42524120825
BT GROUP-CEDEAR BTY AR -613961782.8 42524120825
BT GROUP-CEDEAR BTC AR -613961782.8 42524120825
BT GROUP-CEDEAR BTB AR -613961782.8 42524120825
BT GROUP-CEDEAR BTYD AR -613961782.8 42524120825
BT GROUP-CEDEAR BT AR -613961782.8 42524120825
BT GROUP-SPON AD BTYN MM -613961782.8 42524120825
BT GROUP-SPON AD BTN MM -613961782.8 42524120825
BT GROUP-SPON AD BT US -613961782.8 42524120825
BT GROUP-SPON AD BT MM -613961782.8 42524120825
BT GROUP-SPON AD BTQA GR -613961782.8 42524120825
BT GROUP-SPON AD BTY US -613961782.8 42524120825
BUMMASH OJSC-BRD BUMM RU -69176738.75 114087108.1
BUMMASH OJSC-BRD BUMM* RU -69176738.75 114087108.1
CAFIMA UK LTD 3795756Z LN -25305047.16 327713869.7
CAISSE D'AMORTIS 211430Z FP -1.85E+11 25139275408
CAJA ESPANA DE I 8245420Z SM -1379128733 50004534301
CALEDONIAN ENVIR 3784Z LN -18835847.24 122355857.6
CALOR SAS 4517071Z FP -2511518.436 108318885.8
CALSONIC KANSEI 1541442Z LN -13552420.65 264873165
CALSONIC KANSEI 2730264Z LN -55236864.62 299341503.4
CANARY WHARF FIN 1198063Z LN -458463527.9 3975720989
CANDYKING HOLDIN CANDYSEK EO -3740065.558 255290651.5
CANDYKING HOLDIN 3124019Z SS -3740065.558 255290651.5
CANDYKING HOLDIN CANDY BY -3740065.558 255290651.5
CANDYKING HOLDIN CANDYNOK EO -3740065.558 255290651.5
CANDYKING HOLDIN CANDYNOK EU -3740065.558 255290651.5
CANDYKING HOLDIN CANDYSEK EU -3740065.558 255290651.5
CANDYKING-W/I CANDY SS -3740065.558 255290651.5
CANTIERI DI PISA 4313125Z IM -2612001.657 105470729.3
CAPITAL HOME LOA 3809804Z LN -290874097.5 9582592884
CARCOOP FRANCE 4690569Z FP -531946.3216 185619805.2
CARGONET 81784Z NO -108989727.1 131082417.2
CARISBROOKE ANGL 3815488Z LN -67890027.38 125400359
CARLISLE GROUP L 506819Q LN -11904731.18 203553741.8
CARLSBERG IT A/S 4503891Z DC -102665678.1 387242342.2
CARREFOUR HYPERM 3897338Z FP -298103085.1 3834434516
CARRERE GROUP CRGP IX -9829883.833 279916720.4
CARRERE GROUP CRRHF US -9829883.833 279916720.4
CARRERE GROUP CAR2 EU -9829883.833 279916720.4
CARRERE GROUP CARG FP -9829883.833 279916720.4
CARRERE GROUP CAR2 EO -9829883.833 279916720.4
CARRERE GROUP CARF PZ -9829883.833 279916720.4
CARRERE GROUP XRR GR -9829883.833 279916720.4
CARRERE GROUP SA CAR FP -9829883.833 279916720.4
CARRIER1 INT-AD+ CONE ES -94729000 472360992
CARRIER1 INT-ADR CONEE US -94729000 472360992
CARRIER1 INT-ADR CONEQ US -94729000 472360992
CARRIER1 INTL CJN NM -94729000 472360992
CARRIER1 INTL 8133893Q GR -94729000 472360992
CARRIER1 INTL CJNA GR -94729000 472360992
CARRIER1 INTL SA CONEF US -94729000 472360992
CARRIER1 INTL SA 1253Z SW -94729000 472360992
CATTLES PLC CZS GR -599615492.2 3880885246
CATTLES PLC CTTUSD EU -599615492.2 3880885246
CATTLES PLC CTT NR -599615492.2 3880885246
CATTLES PLC CTT NQ -599615492.2 3880885246
CATTLES PLC CTTUSD EO -599615492.2 3880885246
CATTLES PLC 0960894D BQ -599615492.2 3880885246
CATTLES PLC CTTEUR EU -599615492.2 3880885246
CATTLES PLC CTT VX -599615492.2 3880885246
CATTLES PLC CTT PO -599615492.2 3880885246
CATTLES PLC CTTSEK EU -599615492.2 3880885246
CATTLES PLC 0915790D EB -599615492.2 3880885246
CATTLES PLC CTT LN -599615492.2 3880885246
CATTLES PLC CTT QM -599615492.2 3880885246
CATTLES PLC 0963776D TQ -599615492.2 3880885246
CATTLES PLC CTTGBP EO -599615492.2 3880885246
CATTLES PLC CTT EO -599615492.2 3880885246
CATTLES PLC CTT EU -599615492.2 3880885246
CATTLES PLC CTTEUR EO -599615492.2 3880885246
CATTLES PLC CTT PZ -599615492.2 3880885246
CATTLES PLC CTTSEK EO -599615492.2 3880885246
CATTLES PLC 0915787D IX -599615492.2 3880885246
CATTLES PLC CHOXF US -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 2843730Q EU -599615492.2 3880885246
CATTLES PLC-NPR CTTN PZ -599615492.2 3880885246
CATTLES PLC-NPR CCTN PZ -599615492.2 3880885246
CATTLES PLC-NPR CTTN IX -599615492.2 3880885246
CATTLES PLC-NPR 2843726Q EO -599615492.2 3880885246
CATTLES PLC-NPR 2843734Q EO -599615492.2 3880885246
CATTLES PLC-NPR CTTN LN -599615492.2 3880885246
CATTLES PLC-RFD CTTR PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR LN -599615492.2 3880885246
CATTLES PLC-RFD CTTR IX -599615492.2 3880885246
CDISCOUNT SA 4690913Z FP -14710509.37 442569172
CELAYA EMPARANZA 3642467Z SM -46370880.14 210371904.6
CELSA MANUFACTUR 2011751Z LN -364451.9997 509121207.7
CENTAR BANKA D.D CEBAPHRK EO -3853841.592 180958181.1
CENTAR BANKA D.D CEBAPA CZ -3853841.592 180958181.1
CENTAR BANKA D.D CEBAPHRK EU -3853841.592 180958181.1
CENTAR BANKA DD CEBARHRK EO -3853841.592 180958181.1
CENTAR BANKA DD CEBARA CZ -3853841.592 180958181.1
CENTAR BANKA DD CEBARHRK EU -3853841.592 180958181.1
CENTER PARCS EUR 235619Z NA -6141720.638 682887891.2
CENTRAL EUROPEAN 3276402Z NA -4838847.523 186866740.9
CENTROSOLAR GR-N C3ON GR -16015657.93 146354372.5
CENTROSOLAR GROU C3O EU -16015657.93 146354372.5
CENTROSOLAR GROU CEOLF US -16015657.93 146354372.5
CENTROSOLAR GROU C3OA TH -16015657.93 146354372.5
CENTROSOLAR GROU CSOG IX -16015657.93 146354372.5
CENTROSOLAR GROU C3OUSD EO -16015657.93 146354372.5
CENTROSOLAR GROU C3OAD L3 -16015657.93 146354372.5
CENTROSOLAR GROU C3O TQ -16015657.93 146354372.5
CENTROSOLAR GROU C3OUSD EU -16015657.93 146354372.5
CENTROSOLAR GROU C3OA BQ -16015657.93 146354372.5
CENTROSOLAR GROU C3OA TQ -16015657.93 146354372.5
CENTROSOLAR GROU C3O S1 -16015657.93 146354372.5
CENTROSOLAR GROU C3O TH -16015657.93 146354372.5
CENTROSOLAR GROU C3OA GR -16015657.93 146354372.5
CENTROSOLAR GROU C3OAD B3 -16015657.93 146354372.5
CENTROSOLAR GROU C3OAD S2 -16015657.93 146354372.5
CENTROSOLAR GROU C3O GR -16015657.93 146354372.5
CENTROSOLAR GROU C3O BQ -16015657.93 146354372.5
CENTROSOLAR GROU C3O PZ -16015657.93 146354372.5
CENTROSOLAR GROU C3O EO -16015657.93 146354372.5
CENTROSOLAR-RTS 3434314Z GR -16015657.93 146354372.5
CEREP INVESTMENT 3638887Z SM -70598386.38 288951995.8
CEVA GROUP PLC 976811Z LN -1222932646 4466139768
CHATZIIOANNOU AV HATZC GA -54973436.99 102255716.8
CHATZIIONNOU HLD HZI GR -54973436.99 102255716.8
CHELSEA FOOTBALL 1508858Z LN -849005432.9 522910649.8
CHEMOIL EUROPE B 3898634Z NA -34470000 425707008
CHERNIGIVS M-GDR CKU GR -19979000 106551872
CHERNIGIVS MAN-M CHIM UZ -19979000 106551872
CHRIST WATER TEC CWT EU -5754093.459 165990091.1
CHRIST WATER TEC CWT EO -5754093.459 165990091.1
CHRIST WATER TEC 8131204Q GR -5754093.459 165990091.1
CHRIST WATER TEC CRSWF US -5754093.459 165990091.1
CHRIST WATER TEC CWT AV -5754093.459 165990091.1
CHRIST WATER TEC CWT PZ -5754093.459 165990091.1
CHRIST WATER TEC CWTE IX -5754093.459 165990091.1
CHRIST WATER-ADR CRSWY US -5754093.459 165990091.1
CHRYSALIS GROUP CHS EU -16399586.02 124836284.8
CHRYSALIS GROUP CHS PO -16399586.02 124836284.8
CHRYSALIS GROUP HR4 GR -16399586.02 124836284.8
CHRYSALIS GROUP CYGUF US -16399586.02 124836284.8
CHRYSALIS GROUP CHSEUR EU -16399586.02 124836284.8
CHRYSALIS GROUP 5CY GR -16399586.02 124836284.8
CHRYSALIS GROUP CHS EO -16399586.02 124836284.8
CHRYSALIS GROUP CLYSF US -16399586.02 124836284.8
CHRYSALIS GROUP CHS PZ -16399586.02 124836284.8
CHRYSALIS GROUP CHS VX -16399586.02 124836284.8
CHRYSALIS GROUP CHS IX -16399586.02 124836284.8
CHRYSALIS GROUP CHSUSD EU -16399586.02 124836284.8
CHRYSALIS GROUP CHSGBP EO -16399586.02 124836284.8
CHRYSALIS GROUP CHSUSD EO -16399586.02 124836284.8
CHRYSALIS GROUP CHS LN -16399586.02 124836284.8
CHRYSALIS GROUP CHSEUR EO -16399586.02 124836284.8
CIA LA GOMERA AS 4401057Z NO -14188999.71 111542579.2
CICCOLELLA SPA CUCI IX -27122576.95 360991665.9
CICCOLELLA SPA CCIM PZ -27122576.95 360991665.9
CICCOLELLA SPA CC1 EU -27122576.95 360991665.9
CICCOLELLA SPA CC BQ -27122576.95 360991665.9
CICCOLELLA SPA CCM S2 -27122576.95 360991665.9
CICCOLELLA SPA CC1 TQ -27122576.95 360991665.9
CICCOLELLA SPA CC IM -27122576.95 360991665.9
CICCOLELLA SPA CC1 EO -27122576.95 360991665.9
CICCOLELLA SPA CCM B3 -27122576.95 360991665.9
CICCOLELLA SPA CCM L3 -27122576.95 360991665.9
CIMBER STERLING CIMBE EO -5227729.207 192575891.8
CIMBER STERLING CIMBER DC -5227729.207 192575891.8
CIMBER STERLING CIMBE EU -5227729.207 192575891.8
CIMBER STERLING CIMBER BY -5227729.207 192575891.8
CIRIO FINANZIARI CRO IM -422095936.7 1583083044
CIRIO FINANZIARI FIY GR -422095936.7 1583083044
CITY INN LTD 2196980Z LN -38681609.96 1015295311
CLARANET GROUP L 4157581Z LN -5642745.89 165416275.8
CLIPPER WINDPOWE CWPA LN -168322000 436419008
CLIPPER WINDPOWE CWP PG -168322000 436419008
CLIPPER WINDPOWE C2W GR -168322000 436419008
CLIPPER WINDPOWE CRPWF US -168322000 436419008
CLIPPER WINDPOWE CWP EU -168322000 436419008
CLIPPER WINDPOWE CWP LN -168322000 436419008
CLIPPER WINDPOWE 3470635Q LN -168322000 436419008
CLIPPER WINDPOWE CWP PZ -168322000 436419008
CLIPPER WINDPOWE CWP EO -168322000 436419008
CLIPPER WINDPOWE CWP IX -168322000 436419008
CLUB CO HOLDINGS 4500035Z LN -20732376.26 115484262.4
CMA CGM AGENCES 4746849Z FP -10638831.52 162545865.7
CO DAS ENERGIAS 3794880Z PL -2542665.906 115837812.1
CO-OPERATIVE PHA 3951852Z LN -44451069.53 168682695.3
CODERE SA CODEF US -360688681.9 2177904180
CODERE SA CDR EU -360688681.9 2177904180
CODERE SA CDRUSD EU -360688681.9 2177904180
CODERE SA CDRE S2 -360688681.9 2177904180
CODERE SA CDR EB -360688681.9 2177904180
CODERE SA CDRE PZ -360688681.9 2177904180
CODERE SA CDR EO -360688681.9 2177904180
CODERE SA CDRE B3 -360688681.9 2177904180
CODERE SA CDRE L3 -360688681.9 2177904180
CODERE SA CDRUSD EO -360688681.9 2177904180
CODERE SA CDR IX -360688681.9 2177904180
CODERE SA CDR TQ -360688681.9 2177904180
CODERE SA CDR S1 -360688681.9 2177904180
CODERE SA CDR SM -360688681.9 2177904180
CODERE SA 4CD GR -360688681.9 2177904180
CODIREP SNC 4517439Z FP -9550583.139 127897311
COGNIS GMBH 575202Z GR -745013993.7 3306935972
COIN SPA 965089Q GR -154063920.1 800559778.4
COIN SPA GUCIF US -154063920.1 800559778.4
COIN SPA GC IX -154063920.1 800559778.4
COIN SPA-RTS GCAA IM -154063920.1 800559778.4
COIN SPA/OLD GC IM -154063920.1 800559778.4
COLT TELECOM BV 4511515Z NA -15997403.43 123548994.5
COMMUNICORP GROU 1027859Z ID -10254069.02 202942157.3
COMPAGNIA ITALIA CGLUF US -137731671.1 527392123.8
COMPAGNIA ITALIA CITU IX -137731671.1 527392123.8
COMPAGNIA ITALIA ICT IM -137731671.1 527392123.8
COMPASS GROU-OLD 1259Q LN -668101173.9 2972459078
COMPASS GROUP QOP GR -668101173.9 2972459078
COMPASS GRP-ADR CMSGY US -668101173.9 2972459078
COMPASS GRP-ADR CMSJY US -668101173.9 2972459078
CONERGY AG CGY BQ -123446974.6 312014471.7
CONERGY AG CGYGBX EO -123446974.6 312014471.7
CONERGY AG CGYK EB -123446974.6 312014471.7
CONERGY AG CGY EB -123446974.6 312014471.7
CONERGY AG CGY NQ -123446974.6 312014471.7
CONERGY AG CGYKUSD EU -123446974.6 312014471.7
CONERGY AG CGY TH -123446974.6 312014471.7
CONERGY AG CGYK EU -123446974.6 312014471.7
CONERGY AG CGYK PZ -123446974.6 312014471.7
CONERGY AG CGY IX -123446974.6 312014471.7
CONERGY AG CGYK S1 -123446974.6 312014471.7
CONERGY AG CGYK QM -123446974.6 312014471.7
CONERGY AG CGY QM -123446974.6 312014471.7
CONERGY AG CEYHF US -123446974.6 312014471.7
CONERGY AG CGY EO -123446974.6 312014471.7
CONERGY AG CGY TQ -123446974.6 312014471.7
CONERGY AG CGYKGBX EO -123446974.6 312014471.7
CONERGY AG CGYKUSD EO -123446974.6 312014471.7
CONERGY AG CGYUSD EU -123446974.6 312014471.7
CONERGY AG CGYUSD EO -123446974.6 312014471.7
CONERGY AG CGY S1 -123446974.6 312014471.7
CONERGY AG CGYK EO -123446974.6 312014471.7
CONERGY AG CGYGBP EO -123446974.6 312014471.7
CONERGY AG CGYK BQ -123446974.6 312014471.7
CONERGY AG CGYK GR -123446974.6 312014471.7
CONERGY AG CGYK TH -123446974.6 312014471.7
CONERGY AG CGYKGBP EO -123446974.6 312014471.7
CONERGY AG CGY PZ -123446974.6 312014471.7
CONERGY AG CGYK IX -123446974.6 312014471.7
CONERGY AG CGY EU -123446974.6 312014471.7
CONERGY AG CGY GR -123446974.6 312014471.7
CONERGY AG CGYK TQ -123446974.6 312014471.7
CONERGY AG -RTS CGYB GR -123446974.6 312014471.7
CONERGY AG-ALTAK CGY2 GR -123446974.6 312014471.7
CONERGY AG-RTS 9274362Z GR -123446974.6 312014471.7
CONNECT GROU-ADR SMWPY US -88064132.7 447285313.7
CONNECT GROUP PL NWS1 BQ -88064132.7 447285313.7
CONNECT GROUP PL CNCT IX -88064132.7 447285313.7
CONNECT GROUP PL NWS EB -88064132.7 447285313.7
CONNECT GROUP PL NWS2 TQ -88064132.7 447285313.7
CONNECT GROUP PL NWS S1 -88064132.7 447285313.7
CONNECT GROUP PL CNCT EB -88064132.7 447285313.7
CONNECT GROUP PL CNCTL B3 -88064132.7 447285313.7
CONNECT GROUP PL CNCT PZ -88064132.7 447285313.7
CONNECT GROUP PL CNCTGBP EO -88064132.7 447285313.7
CONNECT GROUP PL CNCT TQ -88064132.7 447285313.7
CONNECT GROUP PL CNCTGBP EU -88064132.7 447285313.7
CONNECT GROUP PL CNCT LN -88064132.7 447285313.7
CONNECT GROUP PL CNCTL L3 -88064132.7 447285313.7
CONNECT GROUP PL CNCT BQ -88064132.7 447285313.7
CONNECT GROUP PL CNCTL S2 -88064132.7 447285313.7
CONNECT GROUP PL CNCT S1 -88064132.7 447285313.7
CONNECT GROUP PL CNCTEUR EU -88064132.7 447285313.7
CONNECT GROUP PL CNCTEUR EO -88064132.7 447285313.7
CONNECT GROUP PL CNCT1GBP EO -88064132.7 447285313.7
CONNECT UTILITIE 2112683Z LN -8340151.746 137723814.6
CONOCOPHILLIPS I 4526671Z ID -170674999.4 628206992.2
CONOCOPHILLIPS W 3894318Z ID -178050000 436843008
CONTENTFILM INTE 2532058Z LN -9300904.46 126058510.9
CONVENIENCE FOOD 1555794Z LN -134874451.3 765640046.7
COOPERATIE VOEDI 4378105Z NA -142026.7053 639612430
COPERFIL GROUP 704457Z SM -3700821.321 403822614.4
CORAL ESTATES LT 1077210Z LN -3811477.291 130784942.2
COSMOS SHIPPING 4174421Z NA -1136567.873 304070874
CP - COMBOIOS DE 1005Z PL -4195211526 1509194227
CPI MORTARS LTD 1751696Z LN -29967019.24 109083038.2
CRAEGMOOR LTD 1652880Z LN -13908471.04 565526373.2
CREDITO FOND-RTS CRFSA IM -200209050.3 4213063202
CREDITO FONDIARI CRF IM -200209050.3 4213063202
CRESPI SPA LG5 GR -31539726.86 283701481.7
CRESPI SPA CRE BQ -31539726.86 283701481.7
CRESPI SPA CRE IM -31539726.86 283701481.7
CRESPI SPA CRE1 TQ -31539726.86 283701481.7
CRESPI SPA CRE1 EO -31539726.86 283701481.7
CRESPI SPA GVCIF US -31539726.86 283701481.7
CRESPI SPA CRE1 PZ -31539726.86 283701481.7
CRESPI SPA CRE1 EU -31539726.86 283701481.7
CRESPI SPA CRE1 IX -31539726.86 283701481.7
CRESPI SPA CRE EB -31539726.86 283701481.7
CSC COMPUTER SCI 3894278Z LN -153050119.7 2920396956
CUCINA LUX INVES 4503083Z LN -823469393.1 3170276006
D/S TORM 3424559Q IX -103200000 1720099968
D/S TORM ADSSF US -103200000 1720099968
D/S TORM TORDF US -103200000 1720099968
D/S TORM TORM NR -103200000 1720099968
DAGESTAN ENERGY DASB RU -270759989.2 115660592.8
DAGESTAN ENERGY DASBG RU -270759989.2 115660592.8
DAGESTAN ENERGY DASB RM -270759989.2 115660592.8
DAGESTAN ENERGY DASB* RU -270759989.2 115660592.8
DANA PETROLEUM N ENER NO -49442800.46 261409223.6
DANIILIDIS PA-RT DANILR GA -60522431.53 735697511.6
DANIILIDIS PANAG DANIL GA -60522431.53 735697511.6
DANKA BUS SYSTEM 3205287Q EU -497126976 121439000
DANKA BUS SYSTEM 3205283Q EO -497126976 121439000
DANKA BUS SYSTEM DANKF US -497126976 121439000
DANKA BUS SYSTEM DNK PZ -497126976 121439000
DANKA BUS SYSTEM 3205291Q EO -497126976 121439000
DANKA BUS SYSTEM DNK IX -497126976 121439000
DANKA BUS SYSTEM DNK VX -497126976 121439000
DANKA BUS SYSTEM DNK PO -497126976 121439000
DANKA BUS SYSTEM DNK LN -497126976 121439000
DANKA BUS-$US CE DANKD AR -497126976 121439000
DANKA BUS-ADR DB6 GR -497126976 121439000
DANKA BUS-ADR DANKE US -497126976 121439000
DANKA BUS-ADR AP39 LI -497126976 121439000
DANKA BUS-ADR DANKY 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
DANNEMORA MI-NEW DMABBTA1 SS -3793151.343 188258194.6
DANNEMORA MI-RTS DMABTRB SS -3793151.343 188258194.6
DANNEMORA MINE-A 0122312D SS -3793151.343 188258194.6
DANNEMORA MINERA DMABBNOK EO -3793151.343 188258194.6
DANNEMORA MINERA DMABB BY -3793151.343 188258194.6
DANNEMORA MINERA DMAB SS -3793151.343 188258194.6
DANNEMORA MINERA DMABBO B3 -3793151.343 188258194.6
DANNEMORA MINERA DMABB EU -3793151.343 188258194.6
DANNEMORA MINERA DMABB EO -3793151.343 188258194.6
DANNEMORA MINERA DMABBNOK BY -3793151.343 188258194.6
DANNEMORA MINERA DMABNOK SS -3793151.343 188258194.6
DANNEMORA MINERA 59P GR -3793151.343 188258194.6
DANNEMORA MINERA DMABBO L3 -3793151.343 188258194.6
DANNEMORA MINERA DMABBO S2 -3793151.343 188258194.6
DANNEMORA MINERA DMABB NO -3793151.343 188258194.6
DANNEMORA MINERA DMABB SS -3793151.343 188258194.6
DANNEMORA MINERA DMABBNOK EU -3793151.343 188258194.6
DANNEMORA MINERA DMABB PZ -3793151.343 188258194.6
DARTY PLC DRTY1 EB -438442925.5 1678340661
DARTY PLC DRTYUSD EO -438442925.5 1678340661
DARTY PLC DRTY EU -438442925.5 1678340661
DARTY PLC DRTYEUR EU -438442925.5 1678340661
DARTY PLC DRTYI GR -438442925.5 1678340661
DARTY PLC KESA9 EO -438442925.5 1678340661
DARTY PLC KESA NR -438442925.5 1678340661
DARTY PLC KES1 EO -438442925.5 1678340661
DARTY PLC DRTYUSD EU -438442925.5 1678340661
DARTY PLC DRTY TQ -438442925.5 1678340661
DARTY PLC DRTYP S2 -438442925.5 1678340661
DARTY PLC KESA5 EO -438442925.5 1678340661
DARTY PLC KESAF US -438442925.5 1678340661
DARTY PLC DRTY EO -438442925.5 1678340661
DARTY PLC KE4 GK -438442925.5 1678340661
DARTY PLC KESA QM -438442925.5 1678340661
DARTY PLC KESA NQ -438442925.5 1678340661
DARTY PLC DRTY QM -438442925.5 1678340661
DARTY PLC DRTY IX -438442925.5 1678340661
DARTY PLC KESA4 EO -438442925.5 1678340661
DARTY PLC KESA IX -438442925.5 1678340661
DARTY PLC DRTYP B3 -438442925.5 1678340661
DARTY PLC DRTY1 IX -438442925.5 1678340661
DARTY PLC KESA8 EO -438442925.5 1678340661
DARTY PLC DRTYL L3 -438442925.5 1678340661
DARTY PLC DRTYP L3 -438442925.5 1678340661
DARTY PLC KESA S1 -438442925.5 1678340661
DARTY PLC DRTYGBP EO -438442925.5 1678340661
DARTY PLC KESA EO -438442925.5 1678340661
DARTY PLC DRTY FP -438442925.5 1678340661
DARTY PLC DRTYL S2 -438442925.5 1678340661
DARTY PLC KESA7 EO -438442925.5 1678340661
DARTY PLC DRTYEUR EO -438442925.5 1678340661
DARTY PLC KESA BQ -438442925.5 1678340661
DARTY PLC DRTY1 TQ -438442925.5 1678340661
DARTY PLC KESA6 EO -438442925.5 1678340661
DARTY PLC KESA3 EO -438442925.5 1678340661
DARTY PLC KSA FP -438442925.5 1678340661
DARTY PLC KE4 GR -438442925.5 1678340661
DARTY PLC DRTYL B3 -438442925.5 1678340661
DARTY PLC DRTY LN -438442925.5 1678340661
DARTY PLC DRTY EB -438442925.5 1678340661
DARTY PLC KESA2 EO -438442925.5 1678340661
DARTY PLC KESA TQ -438442925.5 1678340661
DARTY PLC KESA EB -438442925.5 1678340661
DAVENHAM GROUP P DAV PZ -57318753.57 114702989.3
DAVENHAM GROUP P DAVEUR EO -57318753.57 114702989.3
DAVENHAM GROUP P DAH TH -57318753.57 114702989.3
DAVENHAM GROUP P DAV PG -57318753.57 114702989.3
DAVENHAM GROUP P DAV EO -57318753.57 114702989.3
DAVENHAM GROUP P DAV LN -57318753.57 114702989.3
DAVENHAM GROUP P DAH GR -57318753.57 114702989.3
DAVENHAM GROUP P DAV EU -57318753.57 114702989.3
DE LA RUE PLC DL1C GR -117201923.4 803931943.1
DE LA RUE PLC DLARL B3 -117201923.4 803931943.1
DE LA RUE PLC DLARUSD EO -117201923.4 803931943.1
DE LA RUE PLC DLAR6 EO -117201923.4 803931943.1
DE LA RUE PLC DLAR BQ -117201923.4 803931943.1
DE LA RUE PLC DL1C GK -117201923.4 803931943.1
DE LA RUE PLC DLAR LN -117201923.4 803931943.1
DE LA RUE PLC DLA EO -117201923.4 803931943.1
DE LA RUE PLC DL1B GR -117201923.4 803931943.1
DE LA RUE PLC DLAR IX -117201923.4 803931943.1
DE LA RUE PLC DLAR3 EO -117201923.4 803931943.1
DE LA RUE PLC DLAR VX -117201923.4 803931943.1
DE LA RUE PLC DLAR PZ -117201923.4 803931943.1
DE LA RUE PLC DLAR7 EO -117201923.4 803931943.1
DE LA RUE PLC DLAR QX -117201923.4 803931943.1
DE LA RUE PLC DLAR NR -117201923.4 803931943.1
DE LA RUE PLC DLAR4 EO -117201923.4 803931943.1
DE LA RUE PLC DLRUF US -117201923.4 803931943.1
DE LA RUE PLC DLAREUR EU -117201923.4 803931943.1
DE LA RUE PLC DLAR TQ -117201923.4 803931943.1
DE LA RUE PLC DELRF US -117201923.4 803931943.1
DE LA RUE PLC DLAR EB -117201923.4 803931943.1
DE LA RUE PLC DLAR2 EO -117201923.4 803931943.1
DE LA RUE PLC DLARL S2 -117201923.4 803931943.1
DE LA RUE PLC DLAREUR EO -117201923.4 803931943.1
DE LA RUE PLC DLAR EU -117201923.4 803931943.1
DE LA RUE PLC DLAR NQ -117201923.4 803931943.1
DE LA RUE PLC DL1A GR -117201923.4 803931943.1
DE LA RUE PLC DLAR PO -117201923.4 803931943.1
DE LA RUE PLC DLAR QM -117201923.4 803931943.1
DE LA RUE PLC DLARGBP EO -117201923.4 803931943.1
DE LA RUE PLC DLAR8 EO -117201923.4 803931943.1
DE LA RUE PLC DLARCHF EO -117201923.4 803931943.1
DE LA RUE PLC DLARF US -117201923.4 803931943.1
DE LA RUE PLC DLARL L3 -117201923.4 803931943.1
DE LA RUE PLC DLAR9 EO -117201923.4 803931943.1
DE LA RUE PLC DL1 GR -117201923.4 803931943.1
DE LA RUE PLC DLAR EO -117201923.4 803931943.1
DE LA RUE PLC DLARUSD EU -117201923.4 803931943.1
DE LA RUE PLC DLAR1 EO -117201923.4 803931943.1
DE LA RUE PLC DLARCHF EU -117201923.4 803931943.1
DE LA RUE PLC DLAR5 EO -117201923.4 803931943.1
DE LA RUE PLC DLAR S1 -117201923.4 803931943.1
DE LA RUE-ADR DERUY US -117201923.4 803931943.1
DE LA RUE-ADR DLUEY US -117201923.4 803931943.1
DE LA RUE-PREF DLAP LN -117201923.4 803931943.1
DE LA RUE-PREF 3115438Q EU -117201923.4 803931943.1
DE LA RUE-PREF DLAP PZ -117201923.4 803931943.1
DE STEFANO INVES 3814768Z LN -1732230.02 173800412
DESMET BALLESTRA 2850262Z BB -53278497.25 285006991.6
DEVELICA DEUTSCH DDE LN -79827494.88 1139643575
DEVELICA DEUTSCH D4B GR -79827494.88 1139643575
DEVELICA DEUTSCH DDE PZ -79827494.88 1139643575
DEVELICA DEUTSCH DDE IX -79827494.88 1139643575
DEVELICA DEUTSCH DDE PG -79827494.88 1139643575
DIAMOND RESORT H 1710824Z LN -56236300.33 207842375.5
DIAMOND RESORTS 1578906Z LN -9597397.72 221635081.8
DIAS AQUA-R REPO DIFFV11 GA -91570508.17 151745904.4
DIAS AQUACU-REPO DIFFL11 GA -91570508.17 151745904.4
DIAS AQUACULTURE DIFF EO -91570508.17 151745904.4
DIAS AQUACULTURE DIFF GA -91570508.17 151745904.4
DIAS AQUACULTURE DIFF EU -91570508.17 151745904.4
DIAS AQUACULTURE DIFFY B3 -91570508.17 151745904.4
DIAS AQUACULTURE DIFFY S2 -91570508.17 151745904.4
DIAS AQUACULTURE DIFF PZ -91570508.17 151745904.4
DIAS AQUACULTURE DIFFY L3 -91570508.17 151745904.4
DIBAQ DIPROTEG 937530Z SM -6314112.019 147817872.4
DIMA COSTRUZIONI 4526911Z IM -14681477.1 426157772.4
DIMAFIN SPA 2727163Z IM -63237310.55 270853808.6
DIOKI DD DIOKRA CZ -38207781.04 346383251.3
DIOKI DD DIOKRHRK EO -38207781.04 346383251.3
DIOKI DD DIOKRHRK EU -38207781.04 346383251.3
DIRECT ENERGIE ALDIR FP -44827553.48 1104547436
DIRECT ENERGIE ALPWO EU -44827553.48 1104547436
DIRECT ENERGIE 4PO GR -44827553.48 1104547436
DIRECT ENERGIE ALPWO EO -44827553.48 1104547436
DISENOS URBANOS 4367969Z SM -2536463.405 337554175.8
DISPOSABLE SOFT 1124335Z LN -55495561.19 182341357.2
DLJ UK HOLDING 1774497Z LN -96350000 13366606848
DNEPROPETROVSK DMZP UZ -135620115 517236634.7
DNIP METAL-Y Z-D DMZK UZ -5182981.244 100742357.9
DNIPROVSKY IRON DMKD UZ -377295526 1251619779
DONCASTERS GROUP 996146Z LN -520880935.7 1738381297
DRIVE ASSIST HOL 3641135Z LN -526668613.4 370637648.1
DSS DSS EO -166261774 117382164.4
DSS DSS PW -166261774 117382164.4
DSS DSS EU -166261774 117382164.4
DSS SA DSSW S2 -166261774 117382164.4
DSS SA DSSW L3 -166261774 117382164.4
DSS SA DSSW B3 -166261774 117382164.4
DSS-PDA DSSA PW -166261774 117382164.4
DTZ DEBENHAM TIE 1637608Z LN -127198668.5 136733329.8
DUFERCO LA LOUVI 4169149Z BB -102578634.2 322222513.5
DUNLOP OIL & MAR 1787361Z LN -901430.9925 178852029.9
E ON UK CHP LTD 2642428Z LN -549915134.6 296660127.5
EAST LONDON BUS 4453289Z LN -25646993.29 493649937.7
EAST-SIBERIA-BRD VSNK* RU -92283731.58 299863617.2
EAST-SIBERIA-BRD VSNK RU -92283731.58 299863617.2
EAST-SIBERIAN-BD VSNK$ RU -92283731.58 299863617.2
EASYDIS SAS 4470559Z FP -7560619.382 256995570.2
EASYNET GROUP ESY VX -13323427.13 573001458.7
EASYNET GROUP EAY GR -13323427.13 573001458.7
EASYNET GROUP ESY PO -13323427.13 573001458.7
EASYNET GROUP EZNGF US -13323427.13 573001458.7
EASYNET GROUP-CV 91009Z LN -13323427.13 573001458.7
EATON ELECTRIC B 2017671Z NA -1841796.041 130595897
ECONOMIST NEWSPA 6888Z LN -17266078.7 388318853.7
ECS COMPUTER SYS ECS FP -109890400.7 681800759.1
EDENRED EDENP B3 -1922075941 5280232751
EDENRED QSV TH -1922075941 5280232751
EDENRED EDENUSD EO -1922075941 5280232751
EDENRED EDEN QM -1922075941 5280232751
EDENRED EDENP S2 -1922075941 5280232751
EDENRED EDEN EO -1922075941 5280232751
EDENRED QSV GR -1922075941 5280232751
EDENRED EDEN FP -1922075941 5280232751
EDENRED EDEN EB -1922075941 5280232751
EDENRED EDEN BQ -1922075941 5280232751
EDENRED EDEN TQ -1922075941 5280232751
EDENRED EDENP L3 -1922075941 5280232751
EDENRED EDEN EU -1922075941 5280232751
EDENRED EDEN PZ -1922075941 5280232751
EDENRED EDEN S1 -1922075941 5280232751
EDENRED EDEN IX -1922075941 5280232751
EDENRED EDEN QX -1922075941 5280232751
EDENRED EDENUSD EU -1922075941 5280232751
EDENRED EDNMF US -1922075941 5280232751
EDENRED - NEW EDENV EU -1922075941 5280232751
EDENRED - NEW EDENV FP -1922075941 5280232751
EDENRED - NEW EDENVEUR EO -1922075941 5280232751
EDENRED - NEW 09317EUR EO -1922075941 5280232751
EDENRED - NEW 09317EUR EU -1922075941 5280232751
EDENRED - NEW 0931985D FP -1922075941 5280232751
EDENRED SA-ADR EDNMY US -1922075941 5280232751
EDENRED-NEW 0931986D FP -1922075941 5280232751
EDENRED-NEW 0675161D FP -1922075941 5280232751
EDF EN OUTRE MER 4679713Z FP -10380130.59 110553300
EDF ENERGY 1 LTD 1201287Z LN -176604137.1 557591129.7
EDRASIS C. PSALL EDRAR GA -114527235.1 168611130.1
EDRASIS PSALIDAS EDRA PZ -114527235.1 168611130.1
EDRASIS PSALIDAS EDRA EU -114527235.1 168611130.1
EDRASIS PSALIDAS EPP GR -114527235.1 168611130.1
EDRASIS PSALIDAS EDRA EO -114527235.1 168611130.1
EDRASIS PSALIDAS EDRA GA -114527235.1 168611130.1
EDRASIS-AUCTION EDRAE GA -114527235.1 168611130.1
EITZEN CHEMI-ADR EITZY US -132635000 865660992
EITZEN CHEMICAL ECHEM PZ -132635000 865660992
EITZEN CHEMICAL ECHEM TQ -132635000 865660992
EITZEN CHEMICAL ECHEM SS -132635000 865660992
EITZEN CHEMICAL CHEM NO -132635000 865660992
EITZEN CHEMICAL ECHEMO B3 -132635000 865660992
EITZEN CHEMICAL ECHM IX -132635000 865660992
EITZEN CHEMICAL ECHEMEUR EO -132635000 865660992
EITZEN CHEMICAL ECHEMO S2 -132635000 865660992
EITZEN CHEMICAL ECHEM NO -132635000 865660992
EITZEN CHEMICAL ECHEM EU -132635000 865660992
EITZEN CHEMICAL E8H GR -132635000 865660992
EITZEN CHEMICAL ECHEMEUR EU -132635000 865660992
EITZEN CHEMICAL ECHEMO L3 -132635000 865660992
EITZEN CHEMICAL ECHEM EO -132635000 865660992
EITZEN CHEMICAL ECHEM BY -132635000 865660992
EITZEN CHEMICAL EITZF US -132635000 865660992
ELITE HOTELS ROT 3818480Z LN -9353175.991 160453512.8
ELITE SHIPPING ELSP DC -27715992.18 100892901.9
ELLERSTON GEMS O 4781417Z ID -4056745.81 195867216.9
EM.TV & MERC-NEW ETV1 NM -22067243.56 849175624.7
EM.TV & MERC-NEW ETV1 GR -22067243.56 849175624.7
EM.TV & MERC-RTS ETV8 GR -22067243.56 849175624.7
EM.TV & MERC-RTS ETV8 NM -22067243.56 849175624.7
EM.TV & MERCHAND 985403Q GR -22067243.56 849175624.7
EM.TV & MERCHAND ETV LN -22067243.56 849175624.7
EM.TV & MERCHAND ETV NM -22067243.56 849175624.7
EM.TV & MERCHAND 0881480D US -22067243.56 849175624.7
EM.TV & MERCHAND ETV VX -22067243.56 849175624.7
EM.TV & MERCHAND EMTVF US -22067243.56 849175624.7
EMCOR GROUP UK P 376717Z LN -6538600.194 173540446
EMI GROUP -ASSD EMIA LN -2265973885 2950096964
EMI GROUP LTD EMI LN -2265973885 2950096964
EMI GROUP PLC EMI PO -2265973885 2950096964
EMI GROUP PLC EMI VX -2265973885 2950096964
EMI GROUP PLC 3020138Q GR -2265973885 2950096964
EMI GROUP PLC EMIPF US -2265973885 2950096964
EMI GROUP PLC EMI IX -2265973885 2950096964
EMI GROUP PLC-B 1019425Q LN -2265973885 2950096964
EMI GROUP-ADR EMI$ LN -2265973885 2950096964
EMI GROUP-ADR 38IS LN -2265973885 2950096964
EMI GROUP-ADR EMIPY US -2265973885 2950096964
EMPEDOS SA EMPED GA -33637669.62 174742646.9
EMPEDOS SA-RTS EMPEDR GA -33637669.62 174742646.9
EMPRESA DE DESEN 3635623Z PL -474057586.2 908088594.2
ENER PETROLEUM A ENEPF US -49442800.46 261409223.6
ENERGY POWER RES 510443Z LN -44526127.81 138151227.6
EQUINITI LTD 977621Z LN -190266907.4 912192915.6
EQUITY INSURANCE 1675200Z LN -111525678.8 387274841.6
ERM GROUP HOLDIN 3125976Z LN -175924992 616248000
ESPORTA HEALTH & 1689624Z LN -27473342.77 278556794.5
ESTALEIROS NAVAI 4507307Z PL -182902840 188576452
ETHEL AUSTIN INV 1089202Z LN -38259689.04 225745160.1
ETHICAL HLDG-ADR ETHCY US -33856000 252476000
EUPHONY HOLDINGS 4449041Z LN -22471921.86 112865190.8
EURCO FINANCE 3799980Z ID -48644964.48 679151283.8
EURO DISNEY SCA EDIS CN -285631281.5 2901760504
EURO DISNEY SCA EUDI LI -285631281.5 2901760504
EURO DISNEY SCA EDLP S2 -285631281.5 2901760504
EURO DISNEY SCA EDLB BB -285631281.5 2901760504
EURO DISNEY SCA EDIS BB -285631281.5 2901760504
EURO DISNEY SCA EDLP L3 -285631281.5 2901760504
EURO DISNEY SCA EDLP B3 -285631281.5 2901760504
EURO DISNEY-ADR 1800P US -285631281.5 2901760504
EURO DISNEY-NEW EDLN FP -285631281.5 2901760504
EURO DISNEY-NONR 2862678Q EU -285631281.5 2901760504
EURO DISNEY-NONR 3663498Q PZ -285631281.5 2901760504
EURO DISNEY-NONR EDIG IX -285631281.5 2901760504
EURO DISNEY-NONR EDLNR FP -285631281.5 2901760504
EURO DISNEY-NONR EDI GR -285631281.5 2901760504
EURO DISNEY-NONR EDLY IX -285631281.5 2901760504
EURO DISNEY-NONR ERDBF US -285631281.5 2901760504
EURO DISNEY-NONR 2862682Q EO -285631281.5 2901760504
EURO DISNEY-NP EUDN LN -285631281.5 2901760504
EURO DISNEY-OLD EURD BB -285631281.5 2901760504
EURO DISNEY-RCPT EUD VX -285631281.5 2901760504
EURO DISNEY-RCPT ERDDF US -285631281.5 2901760504
EURO DISNEY-RCPT EUD PO -285631281.5 2901760504
EURO DISNEY-RCPT EUD LN -285631281.5 2901760504
EURO DISNEY-REGR EDL IX -285631281.5 2901760504
EURO DISNEY-REGR EDIA GR -285631281.5 2901760504
EURO DISNEY-REGR EDL QM -285631281.5 2901760504
EURO DISNEY-REGR EDL1 TH -285631281.5 2901760504
EURO DISNEY-REGR EDLP IX -285631281.5 2901760504
EURO DISNEY-REGR EDL EU -285631281.5 2901760504
EURO DISNEY-REGR EUDSF US -285631281.5 2901760504
EURO DISNEY-REGR EDL TQ -285631281.5 2901760504
EURO DISNEY-REGR EDIA TH -285631281.5 2901760504
EURO DISNEY-REGR EDLP PZ -285631281.5 2901760504
EURO DISNEY-REGR EDL BQ -285631281.5 2901760504
EURO DISNEY-REGR EDL EB -285631281.5 2901760504
EURO DISNEY-REGR EDL S1 -285631281.5 2901760504
EURO DISNEY-REGR EDL EO -285631281.5 2901760504
EURO DISNEY-REGR EDL FP -285631281.5 2901760504
EURO DISNEY-RGT EDI1 GR -285631281.5 2901760504
EURO DISNEY-RGT EDLDS FP -285631281.5 2901760504
EURO DISNEY-RTS 2761245Q FP -285631281.5 2901760504
EURO DISNEY-RTS EDISS5 BB -285631281.5 2901760504
EUROCEANICA UK L 3640775Z LN -59513000 127740000
EUROCOMMERCE HOL 4174085Z NA -1476.300001 1442043983
EURODEP 4680905Z FP -20980092.52 199599003.5
EUROMEDICA EUMED GA -127941241.2 833080402.6
EUROMEDICA SA DNX GR -60522431.53 735697511.6
EUROMEDICA SA EUROMY S2 -60522431.53 735697511.6
EUROMEDICA SA EUROM EU -60522431.53 735697511.6
EUROMEDICA SA DNXA GR -60522431.53 735697511.6
EUROMEDICA SA EUMDF US -127941241.2 833080402.6
EUROMEDICA SA EUROM EO -60522431.53 735697511.6
EUROMEDICA SA EUROMY L3 -60522431.53 735697511.6
EUROMEDICA SA EUROMY B3 -60522431.53 735697511.6
EUROMEDICA SA EUROM PZ -60522431.53 735697511.6
EUROMEDICA SA EUROM GA -60522431.53 735697511.6
EUROPEAN HOME EHREUR EU -14328734.27 110864074.5
EUROPEAN HOME EHR7 EO -14328734.27 110864074.5
EUROPEAN HOME EHREUR EO -14328734.27 110864074.5
EUROPEAN HOME EHR EU -14328734.27 110864074.5
EUROPEAN HOME EHR LN -14328734.27 110864074.5
EUROPEAN HOME EHR PZ -14328734.27 110864074.5
EUROPEAN HOME EHR3 EO -14328734.27 110864074.5
EUROPEAN HOME EHR8 EO -14328734.27 110864074.5
EUROPEAN HOME EHRGBP EO -14328734.27 110864074.5
EUROPEAN HOME EHR6 EO -14328734.27 110864074.5
EUROPEAN HOME KLZ VX -14328734.27 110864074.5
EUROPEAN HOME EHR2 EO -14328734.27 110864074.5
EUROPEAN HOME FPAKF US -14328734.27 110864074.5
EUROPEAN HOME EHR1 EO -14328734.27 110864074.5
EUROPEAN HOME EHR PO -14328734.27 110864074.5
EUROPEAN HOME EHR10 EO -14328734.27 110864074.5
EUROPEAN HOME EHR9 EO -14328734.27 110864074.5
EUROPEAN HOME EHR5 EO -14328734.27 110864074.5
EUROPEAN HOME EHR4 EO -14328734.27 110864074.5
EUROPEAN HOME EHR EO -14328734.27 110864074.5
EUROPEAN HOME KLZ PO -14328734.27 110864074.5
EUROPEAN HOME EHR VX -14328734.27 110864074.5
EUROPEAN MARITIM 4523543Z NA -34804363.97 347312502.4
EXOVA GROUP L-WI 0276626D LN -197135399.8 847847879.2
EXOVA GROUP PLC EXO1 IX -197135399.8 847847879.2
EXOVA GROUP PLC EXOL S1 -197135399.8 847847879.2
EXOVA GROUP PLC EXOGBX EO -197135399.8 847847879.2
EXOVA GROUP PLC 219 GR -197135399.8 847847879.2
EXOVA GROUP PLC EXOL TQ -197135399.8 847847879.2
EXOVA GROUP PLC EXO1 EB -197135399.8 847847879.2
EXOVA GROUP PLC EXOGBX EU -197135399.8 847847879.2
EXOVA GROUP PLC EXOL B3 -197135399.8 847847879.2
EXOVA GROUP PLC EXOL L3 -197135399.8 847847879.2
EXOVA GROUP PLC EXOL S2 -197135399.8 847847879.2
EXOVA GROUP PLC EXO1 BQ -197135399.8 847847879.2
EXOVA GROUP PLC EXO LN -197135399.8 847847879.2
EXOVA PLC 4507835Z LN -23478995.65 727816532.4
EXPERT NORGE AS 4444681Z NO -7915470.255 138176736
EXPLORER NV 4289181Z BB -30272569.33 247298625.7
EXXONMOBIL MARIN 1196527Z LN -11135515.11 247074913.1
F.C. PORTO FCP PL -42858205.32 244984137.8
F.C. PORTO FBC GR -42858205.32 244984137.8
F.C. PORTO FCP EO -42858205.32 244984137.8
F.C. PORTO FCP EB -42858205.32 244984137.8
F.C. PORTO FCP IX -42858205.32 244984137.8
F.C. PORTO FCP TQ -42858205.32 244984137.8
F.C. PORTO FCP PZ -42858205.32 244984137.8
F.C. PORTO 0967973D TQ -42858205.32 244984137.8
F.C. PORTO FCP EU -42858205.32 244984137.8
F.C. PORTO FCPX PX -42858205.32 244984137.8
F.C.PORTO FCPA PL -42858205.32 244984137.8
FACEO FM 4690137Z FP -1109089.079 243429434.2
FACONNABLE SA 226782Z FP -89346646.31 148629491.9
FAR EASTERN GENE DVGC RU -287701852.5 1300213857
FAREPAK PLC FPK LN -14328734.27 110864074.5
FBEX PROMO INMOB 3745024Z SM -820030.3857 1142978438
FENERBAHCE FEBHF US -100650956.7 166259494.6
FENERBAHCE FUTBO FENER TI -100650956.7 166259494.6
FERDINAND STINGE 4040837Z NA -197824.2002 1420305383
FERGO AISA -RTS AISA/D SM -102379482.8 427577243.8
FERGO AISA SA AISA EO -102379482.8 427577243.8
FERGO AISA SA AISA SM -102379482.8 427577243.8
FERGO AISA SA AISA PZ -102379482.8 427577243.8
FERGO AISA SA AISA EU -102379482.8 427577243.8
FERGO AISA SA AISA TQ -102379482.8 427577243.8
FINAN ST FIACRE STFI FP -1274873.644 111191494.1
FINANCIAL LEASIN 137282Z RU -223005888.9 203003201.1
FINANCIAL LEASIN FLKO RU -223005888.9 203003201.1
FINANCIAL LEASIN FLKO* RU -223005888.9 203003201.1
FINANCIAL LEASIN FLKO RM -223005888.9 203003201.1
FINANCIAL SERVIC 2630281Z LN -105700509.6 414966448.4
FINANCIETOREN NV 3729210Z BB -62644343.22 728523980
FINANSIERINGSSEL 3977156Z DC -2410330.413 110737438.4
FINMATICA SPA FIN IM -126386016.2 281256000.7
FINMATICA SPA 0882440D GR -126386016.2 281256000.7
FINMATICA SPA FIN NM -126386016.2 281256000.7
FINMATICA SPA FMTAF US -126386016.2 281256000.7
FIRST CHOICE HOL 1098394Z LN -599861682.6 608849393.2
FIRST HYDRO HOLD 3640695Z LN -138234986.9 787284226.6
FIRST MILK CHEES 2747070Z LN -2831489.514 219885072.7
FLAMEL TECH-ADR FL3 GR -9512000 116252000
FLAMEL TECH-ADR FLML US -9512000 116252000
FLAMEL TECH-ADR FLMLY US -9512000 116252000
FLAMEL TECH-ADR+ FLML ES -9512000 116252000
FLAMEL TECHNOLOG 223386Z FP -9512000 116252000
FLECTAT LTD 1160967Z LN -63473735.47 1370214089
FLOWTECH FLUIDPO FLO LN -21847240.78 106259293.7
FLOWTECH FLUIDPO 0984685D LN -21847240.78 106259293.7
FLOWTECH FLUIDPO FLOGBX EO -21847240.78 106259293.7
FLOWTECH FLUIDPO FLOL B3 -21847240.78 106259293.7
FLOWTECH FLUIDPO FLOGBX EU -21847240.78 106259293.7
FLOWTECH FLUIDPO FLOL S2 -21847240.78 106259293.7
FLOWTECH FLUIDPO FLOL L3 -21847240.78 106259293.7
FLOWTECH LTD 499847Z LN -18077345.85 100846577.2
FLYBE LTD 6621Z LN -49079850.55 583184106.6
FNAC DIRECT SA 4517575Z FP -1415497.026 186135619.4
FNAC PARIS SA 4517559Z FP -17638041.28 142283698.6
FOL INTERNATIONA 4513251Z ID -58270033.92 351871611.7
FORD MOTOR CO LT 1291306Z LN -1778499089 4554256762
FORTHNET R-R FORTV10 GA -131226101.1 813393945.9
FORTHNET REPO FORTL10 GA -131226101.1 813393945.9
FORTHNET SA FORTH GA -131226101.1 813393945.9
FORTHNET SA FRHNF US -131226101.1 813393945.9
FORTHNET SA FN6 GR -131226101.1 813393945.9
FORTHNET SA FORTH EU -131226101.1 813393945.9
FORTHNET SA FNETF US -131226101.1 813393945.9
FORTHNET SA FORTHY S2 -131226101.1 813393945.9
FORTHNET SA FORTHY B3 -131226101.1 813393945.9
FORTHNET SA FORTH EO -131226101.1 813393945.9
FORTHNET SA FORTHY L3 -131226101.1 813393945.9
FORTHNET SA FN61 GR -131226101.1 813393945.9
FORTHNET SA FORTH PZ -131226101.1 813393945.9
FORTHNET SA- RTS FORTHR GA -131226101.1 813393945.9
FORTHNET SA- RTS FORTHEUR EO -131226101.1 813393945.9
FORTHNET SA- RTS FORTHEUR EU -131226101.1 813393945.9
FORTHNET SA-RT 2905043Q GA -131226101.1 813393945.9
FORTHNET SA-RTS 0918102D GA -131226101.1 813393945.9
FORTHNET-AUCTION FORTHE GA -131226101.1 813393945.9
FOTOVISTA 666680Z FP -164906523.7 144423244.8
FOUR SEASONS HEA 1865450Z LN -84016616.9 292940709.6
FRANFINANCE LOCA 4689993Z FP -69780272.15 1638836238
FREE RECORD SHOP 776709Q US -1845202.816 135750172.5
FREE RECORD SHOP FRSHN NA -1845202.816 135750172.5
FREE RECORD-NEW 2922Q US -1845202.816 135750172.5
FREE RECORD-STK FREES NA -1845202.816 135750172.5
FRENCH CONNECTIO 1092170Z LN -40929520.56 129544535.9
FRESHWATER FINAN 699575Z ID -356859861.6 2117171097
FRUIT OF THE LOO 4459361Z ID -129450693 366080811.1
FUGRO-GEOTEAM AS 4777049Z NO -26835943.96 280819059.2
FUND FOR ORDERED 3451402Z SM -2411855924 12405762920
FUNDING CORP LTD 4157637Z LN -10945761.45 110862719.6
FUTEBOL CLUBE DO FCPU B3 -42858205.32 244984137.8
FUTEBOL CLUBE DO FCPU L3 -42858205.32 244984137.8
FUTEBOL CLUBE DO FCPU S2 -42858205.32 244984137.8
FW FARNSWORTH LT 1293386Z LN -65739932.28 107240946.6
G4S SECURE SOL 1383954Z LN -98910616.11 439870371.2
GALATASARAY SPOR GSRAY TI -22365114.5 326484624.9
GALATASARAY SPOR GSY GR -22365114.5 326484624.9
GALATASARAY SPOR GATSF US -22365114.5 326484624.9
GALATASARAY SPOR GALA IX -22365114.5 326484624.9
GALATASARAY SPOR GSRAYR TI -22365114.5 326484624.9
GALATASARAY-NEW GSRAYY TI -22365114.5 326484624.9
GALIFORM CORPORA 1478794Z LN -42240607.6 356838258.9
GALLAGHER UK LTD 4422897Z LN -8986482.825 196569821.2
GARTLAND WHALLEY GWB LN -10987103.36 145356463.2
GAZ-FINANS OOO GAZF RU -56134.51002 232319894.6
GCE CAR LEASE 4702065Z FP -7806755.31 182812509.2
GE POWER CONTROL 3744144Z SM -96711575.3 106573693.4
GENERAL MOTORS 1062338Z LN -1338828101 1405907508
GENERAL MOTORS E 4286805Z SM -130164650.7 1247917529
GENERAL MOTORS N 3894534Z NA -3395588.107 324227866.3
GEOBAN UK LTD 1207967Z LN -151608.7187 126736022.7
GERIMEX BV 3820372Z NA -944079.0697 121833289.5
GESTESA DESARROL 3797476Z SM -17369623.2 398147084.9
GFI SOFTWARE S.A 0620577D US -102039000 369868992
GFI SOFTWARE S.A GFIX US -102039000 369868992
GFI SOFTWARE S.A GFIS US -102039000 369868992
GGT GROUP PLC 500970Q LN -156372272 408211200.9
GGT GROUP-ADR GGTRY US -156372272 408211200.9
GLAXOSMITHKLINE 1426Z LN -4969083.544 12826999154
GLENCORE ESPANA 3752336Z SM -113656.5233 446394459.3
GLOBAL CROSSING 3629883Z LN -557337702.6 411789919.4
GONDOLA GROUP LT 4499995Z LN -566856039 1428301072
GOODYEAR DUNLOP 3894550Z LN -22810264.61 231945503.3
GRANDE PAROISSE GAPA FP -927267926.9 629287290
GRANDE PAROISSE GDPA FP -927267926.9 629287290
GRANDE PAROISSE GDPXF US -927267926.9 629287290
GRANDES ALMACENE 4376721Z SM -6342478.213 162039364.8
GRANDS MOU PARIS 2034Q FP -11018592.03 208032635
GRAZHDANSKIE SAM GSSU RU -275658016 2386185984
GREAT EASTERN HO 1708272Z LN -2658815.378 146098413
GREEN WIND ENERG GW DC -11320362.36 176234024
GREEN WIND ENERG GWEUR EO -11320362.36 176234024
GREEN WIND ENERG G7W1 GR -11320362.36 176234024
GREEN WIND ENERG GW EO -11320362.36 176234024
GREEN WIND ENERG GW PZ -11320362.36 176234024
GREEN WIND ENERG GW BY -11320362.36 176234024
GREEN WIND ENERG GW EU -11320362.36 176234024
GREEN WIND ENERG GWEUR EU -11320362.36 176234024
GROUPE PROGRES S 4734137Z FP -128396484.9 136275389.6
GRUPO EZENTIS SA AVZ NR -14372275.23 222306266.2
GRUPO EZENTIS SA EZEGBX EO -14372275.23 222306266.2
GRUPO EZENTIS SA 0678040D SM -14372275.23 222306266.2
GRUPO EZENTIS SA RDT GR -14372275.23 222306266.2
GRUPO EZENTIS SA EZE IX -14372275.23 222306266.2
GRUPO EZENTIS SA EZEGBP EO -14372275.23 222306266.2
GRUPO EZENTIS SA EZE SM -14372275.23 222306266.2
GRUPO EZENTIS SA 1003287D SM -14372275.23 222306266.2
GRUPO EZENTIS SA AVZ PZ -14372275.23 222306266.2
GRUPO EZENTIS SA EZE EU -14372275.23 222306266.2
GRUPO EZENTIS SA EZED EB -14372275.23 222306266.2
GRUPO EZENTIS SA EZED IX -14372275.23 222306266.2
GRUPO EZENTIS SA EZE EO -14372275.23 222306266.2
GRUPO EZENTIS SA EZE TQ -14372275.23 222306266.2
GRUPO EZENTIS SA AVZTF US -14372275.23 222306266.2
GRUPO EZENTIS SA EZED TQ -14372275.23 222306266.2
GRUPO EZENTIS SA EZE EB -14372275.23 222306266.2
GRUPO EZENTIS SA EZE PZ -14372275.23 222306266.2
GRUPO EZENTIS SA EZEGBX EU -14372275.23 222306266.2
GRUPO EZENTIS SA EZE/DEUR EU -14372275.23 222306266.2
GRUPO EZENTIS SA EZE/DEUR EO -14372275.23 222306266.2
GRUPO EZENTIS SA EZE/D SM -14372275.23 222306266.2
GRUPO EZENTIS SA EZE S1 -14372275.23 222306266.2
GRUPO EZENTIS SA EZEE B3 -14372275.23 222306266.2
GRUPO EZENTIS SA EZEE L3 -14372275.23 222306266.2
GRUPO EZENTIS SA EZEE S2 -14372275.23 222306266.2
GRUPO PICKING PA GPP SM -92173952.82 105149402.3
GRUPO PICKING PA GPPKF US -92173952.82 105149402.3
GRUPO PICKING PA GPP VX -92173952.82 105149402.3
GRUPO PICKING-RT GPP/D SM -92173952.82 105149402.3
GRUPO TAVEX SA TVX IX -10622070.67 655950832
GRUPO TAVEX SA TVX SM -10622070.67 655950832
GRUPO TAVEX SA TVXAF US -10622070.67 655950832
GRUPO TAVEX SA TV3 GR -10622070.67 655950832
GRUPO TAVEX SA TVXE B3 -10622070.67 655950832
GRUPO TAVEX SA TVX TQ -10622070.67 655950832
GRUPO TAVEX SA TVXE L3 -10622070.67 655950832
GRUPO TAVEX SA TVX EU -10622070.67 655950832
GRUPO TAVEX SA TVXE S2 -10622070.67 655950832
GRUPO TAVEX SA TVX EB -10622070.67 655950832
GRUPO TAVEX SA TVX S1 -10622070.67 655950832
GRUPO TAVEX SA TVX EO -10622070.67 655950832
GS MULTI-CURRENC 4780921Z ID -218031502.7 1766463253
GUENTHER & SOHN GUS EU -9612095.264 130075209
GUENTHER & SOHN GUS EO -9612095.264 130075209
GUENTHER & SOHN 0876248D PZ -9612095.264 130075209
GUENTHER & SOHN GUS GR -9612095.264 130075209
GUERRINO PIVATO 4292565Z IM -41218066.44 397216267.9
GUKOVUGOL GUUG RU -57835249.92 143665227.2
GUKOVUGOL GUUG* RU -57835249.92 143665227.2
GUKOVUGOL-PFD GUUGP RU -57835249.92 143665227.2
GUKOVUGOL-PFD GUUGP* RU -57835249.92 143665227.2
GURIEVSKY-BRD GUMZ* RU -21861848.05 194042457.9
GURIEVSKY-BRD GUMZ RU -21861848.05 194042457.9
HALCROW HOLDINGS 3892894Z LN -450918508.2 264786827
HARMSWORTH PRINT 1552314Z LN -5997756.143 101541044.1
HARMSWORTH QUAYS 1552378Z LN -98887198.25 199544701.9
HARVEY NORMAN HO 4781809Z ID -119046067 111163663.4
HATZIOANNOU HATZK PZ -54973436.99 102255716.8
HATZIOANNOU HATZK GA -54973436.99 102255716.8
HATZIOANNOU HZI1 GR -54973436.99 102255716.8
HATZIOANNOU HATZK EO -54973436.99 102255716.8
HATZIOANNOU HATZK EU -54973436.99 102255716.8
HATZIOANNOU ANON HATZP PZ -54973436.99 102255716.8
HATZIOANNOU ANON HATZP EO -54973436.99 102255716.8
HATZIOANNOU ANON HATZP EU -54973436.99 102255716.8
HATZIOANNOU ANON HATZP GA -54973436.99 102255716.8
HATZIOANNOU-RTS HATZKR GA -54973436.99 102255716.8
HAYMARKET GROUP 4158941Z LN -72068008.6 252361040.7
HBPOLSKA HBP LI -239476687.5 175703330.6
HBPOLSKA HBP EO -239476687.5 175703330.6
HBPOLSKA HBP EU -239476687.5 175703330.6
HBPOLSKA HBPEUR EU -239476687.5 175703330.6
HBPOLSKA HBW PW -239476687.5 175703330.6
HBPOLSKA HBPEUR EO -239476687.5 175703330.6
HBPOLSKA HBWL PZ -239476687.5 175703330.6
HBPOLSKA HBP PW -239476687.5 175703330.6
HBPOLSKA-PD-ALLT HBPA PW -239476687.5 175703330.6
HEEGH AUTOLINERS 4389209Z NO -812350.1488 537484504.9
HELI-ONE NORWAY 4632761Z NO -79370156.68 663779418
HELLAS ONLIN-RTS HOLR GA -14593256.38 387577431.6
HELLAS ONLINE SA HOLY L3 -14593256.38 387577431.6
HELLAS ONLINE SA HOL GA -14593256.38 387577431.6
HELLAS ONLINE SA HOLY S2 -14593256.38 387577431.6
HELLAS ONLINE SA BRAIN PZ -14593256.38 387577431.6
HELLAS ONLINE SA 0394471Q GA -14593256.38 387577431.6
HELLAS ONLINE SA HOLY B3 -14593256.38 387577431.6
HELLAS ONLINE SA BRAIN EO -14593256.38 387577431.6
HELLAS ONLINE SA BRAIN EU -14593256.38 387577431.6
HELLAS ONLINE SA BRAIN GA -14593256.38 387577431.6
HELLAS ONLINE SA UN5 GR -14593256.38 387577431.6
HELLENIC FAB-RTS ELYFD GA -17797878.31 143247083.6
HELLENIC FABRICS ELYFY S2 -17797878.31 143247083.6
HELLENIC FABRICS ELYF EU -17797878.31 143247083.6
HELLENIC FABRICS ELYFY L3 -17797878.31 143247083.6
HELLENIC FABRICS ELYFY B3 -17797878.31 143247083.6
HELLENIC FABRICS ELYF PZ -17797878.31 143247083.6
HELLENIC FABRICS ELYF EO -17797878.31 143247083.6
HELLENIC FABRICS ELYF GA -17797878.31 143247083.6
HELLENIC FISH FA ELFISY L3 -5132660.7 111346543.2
HELLENIC FISH FA ELFIS GA -5132660.7 111346543.2
HELLENIC FISH FA ELFISY S2 -5132660.7 111346543.2
HELLENIC FISH FA ELFISY B3 -5132660.7 111346543.2
HELLENIC FISH FA ELFIS EO -5132660.7 111346543.2
HELLENIC FISH FA ELFIS PZ -5132660.7 111346543.2
HELLENIC FISH FA ELFIS EU -5132660.7 111346543.2
HERSAL-INVESTIME 4764577Z PL -25242472.01 595266653.4
HESS INDONESIA P 1705776Z LN -22193000 816726976
HEWLETT-PACKARD 4470239Z FP -124782071.4 1142068103
HEWLETT-PACKARD 1963382Z LN -909454604.5 4585176328
HIBU PLC YELL7 EO -2257521127 2120614224
HIBU PLC HIBU EB -2257521127 2120614224
HIBU PLC HIBUEUR EU -2257521127 2120614224
HIBU PLC YELL6 EO -2257521127 2120614224
HIBU PLC HIBU LN -2257521127 2120614224
HIBU PLC HIBU IX -2257521127 2120614224
HIBU PLC YELL2 EO -2257521127 2120614224
HIBU PLC YELL8 EO -2257521127 2120614224
HIBU PLC YELLEUR EO -2257521127 2120614224
HIBU PLC YEL EO -2257521127 2120614224
HIBU PLC YELL EU -2257521127 2120614224
HIBU PLC YELLEUR EU -2257521127 2120614224
HIBU PLC YELLUSD EU -2257521127 2120614224
HIBU PLC YELLGBP EO -2257521127 2120614224
HIBU PLC YELL EO -2257521127 2120614224
HIBU PLC YELL IX -2257521127 2120614224
HIBU PLC YELL BQ -2257521127 2120614224
HIBU PLC YELL EB -2257521127 2120614224
HIBU PLC YELL QM -2257521127 2120614224
HIBU PLC YELL TQ -2257521127 2120614224
HIBU PLC YE1 GR -2257521127 2120614224
HIBU PLC YELL NR -2257521127 2120614224
HIBU PLC HIBU1 EO -2257521127 2120614224
HIBU PLC HIBU PZ -2257521127 2120614224
HIBU PLC HIBUGBP EO -2257521127 2120614224
HIBU PLC HIBU EU -2257521127 2120614224
HIBU PLC HIBU QM -2257521127 2120614224
HIBU PLC YE1 GK -2257521127 2120614224
HIBU PLC YELGF US -2257521127 2120614224
HIBU PLC HIBUI GR -2257521127 2120614224
HIBU PLC YELL9 EO -2257521127 2120614224
HIBU PLC HIBU EO -2257521127 2120614224
HIBU PLC YELL S1 -2257521127 2120614224
HIBU PLC YELL3 EO -2257521127 2120614224
HIBU PLC YELL5 EO -2257521127 2120614224
HIBU PLC YELL1 EO -2257521127 2120614224
HIBU PLC YELLUSD EO -2257521127 2120614224
HIBU PLC HIBU BQ -2257521127 2120614224
HIBU PLC YELL4 EO -2257521127 2120614224
HIBU PLC HIBU TQ -2257521127 2120614224
HIBU PLC HIBUUSD EU -2257521127 2120614224
HIBU PLC-ADR YELGY US -2257521127 2120614224
HIDRODATA SA 3635591Z SM -25880106.23 316307850.4
HIGHLANDS & ISLA 3965324Z LN -17267598.2 151175056.7
HIPPO GESTION ET 4732841Z FP -10616040.3 103203918.6
HISPAVIC IBERICA 4369473Z SM -7466862.615 129050823.9
HMV GROUP -GDR 276960Q GR -218494079.6 415854059.2
HMV GROUP -GDR 29362Z US -218494079.6 415854059.2
HMV GROUP PLC HMV S1 -218494079.6 415854059.2
HMV GROUP PLC HMV EO -218494079.6 415854059.2
HMV GROUP PLC HMV TQ -218494079.6 415854059.2
HMV GROUP PLC HMV EU -218494079.6 415854059.2
HMV GROUP PLC HMV1 EO -218494079.6 415854059.2
HMV GROUP PLC HMV NR -218494079.6 415854059.2
HMV GROUP PLC HMV2 EO -218494079.6 415854059.2
HMV GROUP PLC HMV PO -218494079.6 415854059.2
HMV GROUP PLC HM4 GK -218494079.6 415854059.2
HMV GROUP PLC HMV3 EO -218494079.6 415854059.2
HMV GROUP PLC HMV NQ -218494079.6 415854059.2
HMV GROUP PLC HMV PZ -218494079.6 415854059.2
HMV GROUP PLC HMV IX -218494079.6 415854059.2
HMV GROUP PLC HMV BQ -218494079.6 415854059.2
HMV GROUP PLC HMV9 EO -218494079.6 415854059.2
HMV GROUP PLC HMV LN -218494079.6 415854059.2
HMV GROUP PLC HMVEUR EU -218494079.6 415854059.2
HMV GROUP PLC HMV EB -218494079.6 415854059.2
HMV GROUP PLC HMV VX -218494079.6 415854059.2
HMV GROUP PLC HMVUSD EU -218494079.6 415854059.2
HMV GROUP PLC HM4 GR -218494079.6 415854059.2
HMV GROUP PLC HMVEUR EO -218494079.6 415854059.2
HMV GROUP PLC HMV QM -218494079.6 415854059.2
HMV GROUP PLC HMV7 EO -218494079.6 415854059.2
HMV GROUP PLC HMV5 EO -218494079.6 415854059.2
HMV GROUP PLC HMVGBP EO -218494079.6 415854059.2
HMV GROUP PLC HMVMF US -218494079.6 415854059.2
HMV GROUP PLC HMVUSD EO -218494079.6 415854059.2
HMV GROUP PLC HMV6 EO -218494079.6 415854059.2
HMV GROUP PLC HMV4 EO -218494079.6 415854059.2
HMV GROUP PLC HMV8 EO -218494079.6 415854059.2
HMV GROUP PLC HMV10 EO -218494079.6 415854059.2
HOEGH AUTOLINERS 4288645Z NO -79685780.8 1940832344
HOGG ROBINSON GR HRG11 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG S1 -31233189.25 701856693.1
HOGG ROBINSON GR HRG PZ -31233189.25 701856693.1
HOGG ROBINSON GR HRG8 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG6 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG2 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG IX -31233189.25 701856693.1
HOGG ROBINSON GR HRG EU -31233189.25 701856693.1
HOGG ROBINSON GR HRGEUR EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG7 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG9 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRGL L3 -31233189.25 701856693.1
HOGG ROBINSON GR HRG5 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG4 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRG3 EO -31233189.25 701856693.1
HOGG ROBINSON GR HOGGF US -31233189.25 701856693.1
HOGG ROBINSON GR HRGEUR EU -31233189.25 701856693.1
HOGG ROBINSON GR HRG10 EO -31233189.25 701856693.1
HOGG ROBINSON GR HRGGBP EO -31233189.25 701856693.1
HOGG ROBINSON GR HRGL S2 -31233189.25 701856693.1
HOGG ROBINSON GR HRG EO -31233189.25 701856693.1
HOGG ROBINSON GR DQX GR -31233189.25 701856693.1
HOGG ROBINSON GR HRG LN -31233189.25 701856693.1
HOGG ROBINSON GR HRG VX -31233189.25 701856693.1
HOGG ROBINSON GR HRGL B3 -31233189.25 701856693.1
HOLCIM ARIDOS SL 4371033Z SM -11196144.03 158669280.5
HOLDINGSELSKABET BODIL DC -11320362.36 176234024
HOLDINGSELSKABET BOHC IX -11320362.36 176234024
HOMEFIELD PVT UK 4501835Z LN -137159188.5 565018471.7
HOOGE RAEDT GROE 4173317Z NA -2184.103504 215791305.5
HOSPITAL DE FARO 3789880Z PL -39940408.05 525339055.1
HOSPITAL DO DIVI 3789932Z PL -185292405 172409324.6
HOTEL CORP PLC HCP PO -234301624.4 370818125.8
HOTEL CORP PLC HCP PZ -234301624.4 370818125.8
HOTEL CORP PLC HHA GR -234301624.4 370818125.8
HOTEL CORP PLC HCP LN -234301624.4 370818125.8
HOTEL CORP PLC HCP EU -234301624.4 370818125.8
HOTEL CORP PLC HHA TH -234301624.4 370818125.8
HOTEL CORP PLC HCPEUR EO -234301624.4 370818125.8
HOTEL CORP PLC HCP EO -234301624.4 370818125.8
HOTEL CORP PLC HCP PG -234301624.4 370818125.8
HOTEL CORP PLC/T HCPL B3 -234301624.4 370818125.8
HOTEL CORP PLC/T HCPL L3 -234301624.4 370818125.8
HOTEL CORP PLC/T HCPL S2 -234301624.4 370818125.8
HOTEL CORP-RFD HCPA LN -234301624.4 370818125.8
HUISVUILCENTRALE 4777713Z NA -89739.60018 1385912033
HUNE PLATAFORMAS 4284309Z SM -34729091.55 417373379.8
HUNGARIAN TELEPH HUGC IX -73723992 827192000
HUNGARIAN TELEPH HUC EX -73723992 827192000
HUTCHISON 3G UK 265923Z LN -2558478023 10215382954
HYDREX HOLDINGS 4156949Z LN -150851800.9 145586068.7
HZIAM OAO HZAM UZ -541299968 170562496
I VIAGGI DEL VEN VVE TQ -209432168.7 202700610
I VIAGGI DEL VEN IV7 GR -209432168.7 202700610
I VIAGGI DEL VEN VVE IM -209432168.7 202700610
I VIAGGI DEL VEN VVE IX -209432168.7 202700610
I VIAGGI DEL VEN IVGIF US -209432168.7 202700610
I VIAGGI DEL VEN VVE PZ -209432168.7 202700610
I VIAGGI DEL VEN VVE EU -209432168.7 202700610
I VIAGGI DEL VEN VVE EO -209432168.7 202700610
I VIAGGI-RTS VVEAA IM -209432168.7 202700610
ICA NORGE AS 4511499Z NO -10597581.14 609028093.3
IDEAL STANDARD I 0288212Z LX -1224021795 1698321891
IDEAL STANDARD I 4492755Z BB -676586892.7 1579994753
IG GROUP LTD IGI LN -1338038148 453218507.9
IG GROUP PLC IGGPF US -1338038148 453218507.9
IG GROUP-ASSD IGIA LN -1338038148 453218507.9
IKON OFFICE SOLU ERHI LN -5243199.076 130041029.9
INCISIVE MED-ASD INMA LN -86381452.08 110502446.1
INCISIVE MEDIA 4030Z LN -86381452.08 110502446.1
INCISIVE MEDIA INM PO -86381452.08 110502446.1
INCISIVE MEDIA 2290657Q LN -86381452.08 110502446.1
INCISIVE MEDIA 2290661Q PZ -86381452.08 110502446.1
INCISIVE MEDIA 2292912Q VX -86381452.08 110502446.1
INCISIVE MEDIA 997071Q GR -86381452.08 110502446.1
INCISIVE MEDIA INM IX -86381452.08 110502446.1
INDUSTRIBO-B FRMHB DC -49485067.68 159639319.3
INDUSTRIBO-B INBOB DC -49485067.68 159639319.3
INDUSTRIE FINCUO 4270053Z IM -15676157.12 111118283.9
INFRAESTRUCTURAS 3639039Z SM -14511951.75 257249100.4
INFRASERV GMBH & 3999Z GR -1643026.503 1298455493
INFRATEK ENTREPR 4402489Z NO -8851664.805 122555001.7
ING LEASE FRANCE 4699881Z FP -40970505.14 342324424.9
ING RE DORTMUND/ 3819456Z NA -89466987.51 138523135
ING REIM DEVELOP 3811140Z NA -224924377.7 373174398
INTEGRALIS AG AAGN PZ -7312306.971 180437345.1
INTEGRALIS AG AAGN TH -7312306.971 180437345.1
INTEGRALIS AG ACIRF US -7312306.971 180437345.1
INTEGRALIS AG AAGN IX -7312306.971 180437345.1
INTEGRALIS-NEW AAGM GR -7312306.971 180437345.1
INTEGRALIS-NEW AAGM EO -7312306.971 180437345.1
INTEGRALIS-NEW AAGM EU -7312306.971 180437345.1
INTELSAT GLOBAL 0440101D US -782483008 16716809216
INTELSAT SA I US -782483008 16716809216
INTELSAT SA IJSA GR -782483008 16716809216
INTERCONTIN-ADR IC1C GR -89000000 3047000064
INTERCONTIN-ADR IHGA LN -89000000 3047000064
INTERCONTIN-ADR IHG US -89000000 3047000064
INTERCONTIN-ADR IHG-W US -89000000 3047000064
INTERCONTIN-ADR IC1E GR -89000000 3047000064
INTERCONTINENTAL IHGL L3 -89000000 3047000064
INTERCONTINENTAL IHG7 EO -89000000 3047000064
INTERCONTINENTAL IHGOF US -89000000 3047000064
INTERCONTINENTAL IHG S1 -89000000 3047000064
INTERCONTINENTAL IHGPEN EO -89000000 3047000064
INTERCONTINENTAL IHG TQ -89000000 3047000064
INTERCONTINENTAL IHG PZ -89000000 3047000064
INTERCONTINENTAL IHG11 EO -89000000 3047000064
INTERCONTINENTAL IHG EB -89000000 3047000064
INTERCONTINENTAL IHGUSD EO -89000000 3047000064
INTERCONTINENTAL IHG EO -89000000 3047000064
INTERCONTINENTAL IHG5 EO -89000000 3047000064
INTERCONTINENTAL IC1B GR -89000000 3047000064
INTERCONTINENTAL IHG QM -89000000 3047000064
INTERCONTINENTAL IHG8 EO -89000000 3047000064
INTERCONTINENTAL IHG VX -89000000 3047000064
INTERCONTINENTAL IC1A GK -89000000 3047000064
INTERCONTINENTAL IC1 GR -89000000 3047000064
INTERCONTINENTAL IHG PO -89000000 3047000064
INTERCONTINENTAL IHGL S2 -89000000 3047000064
INTERCONTINENTAL IHG QX -89000000 3047000064
INTERCONTINENTAL IHG10 EO -89000000 3047000064
INTERCONTINENTAL IHGCHF EO -89000000 3047000064
INTERCONTINENTAL IHG6 EO -89000000 3047000064
INTERCONTINENTAL 0615615D GR -89000000 3047000064
INTERCONTINENTAL ICHGD US -89000000 3047000064
INTERCONTINENTAL IHGGBP EO -89000000 3047000064
INTERCONTINENTAL IHGCHF EU -89000000 3047000064
INTERCONTINENTAL IHG EU -89000000 3047000064
INTERCONTINENTAL IHG2 EO -89000000 3047000064
INTERCONTINENTAL INCNF US -89000000 3047000064
INTERCONTINENTAL IHG NR -89000000 3047000064
INTERCONTINENTAL IHG3 EO -89000000 3047000064
INTERCONTINENTAL IC1A GR -89000000 3047000064
INTERCONTINENTAL IHGL B3 -89000000 3047000064
INTERCONTINENTAL IHGUSD EU -89000000 3047000064
INTERCONTINENTAL IHGEUR EU -89000000 3047000064
INTERCONTINENTAL IHG4 EO -89000000 3047000064
INTERCONTINENTAL IHG NQ -89000000 3047000064
INTERCONTINENTAL IHG IX -89000000 3047000064
INTERCONTINENTAL IHG9 EO -89000000 3047000064
INTERCONTINENTAL IHGPEN EU -89000000 3047000064
INTERCONTINENTAL ICHGF US -89000000 3047000064
INTERCONTINENTAL 0616112D NR -89000000 3047000064
INTERCONTINENTAL IHG BQ -89000000 3047000064
INTERCONTINENTAL IHG LN -89000000 3047000064
INTERCONTINENTAL 988082Q GR -89000000 3047000064
INTERCONTINENTAL IHGEUR EO -89000000 3047000064
INTERCONTINENTAL IC1D GR -89000000 3047000064
INTU METROCENTRE 1203663Z LN -177523497.7 231888247
INVITEL HOLD-ADR 0IN GR -73723992 827192000
INVITEL HOLD-ADR INVHY US -73723992 827192000
INVITEL HOLD-ADR IHO US -73723992 827192000
INVITEL HOLDINGS 3212873Z HB -73723992 827192000
IRANIAN OIL CO U 1380570Z LN -202472920.8 279941193.8
IRISH NATIONWIDE 1020Z ID -24459779.01 16215363311
IRUS ZWEIBRUCKEN 3738979Z BB -241717.0423 109895201.2
ISTRABENZ ITBG EO -72101031.26 270907162.5
ISTRABENZ ITBGT S2 -72101031.26 270907162.5
ISTRABENZ ITBGT B3 -72101031.26 270907162.5
ISTRABENZ ITBG SV -72101031.26 270907162.5
ISTRABENZ ITBG EU -72101031.26 270907162.5
ISTRABENZ ITBG PZ -72101031.26 270907162.5
ISTRABENZ ITBGT L3 -72101031.26 270907162.5
ITM REGION PARIS 4681817Z FP -49661385.76 124319348.6
IZHAVTO OAO IZAV RU -94100838.46 443610350.5
JACOBS UK HOLDIN 3638823Z LN -21104249.79 705658066.8
JAMES HARDIE -CD JHXCD AU -199000000 2106499968
JAMES HARDIE IND HAH NZ -199000000 2106499968
JAMES HARDIE IND 726824Z NA -199000000 2106499968
JAMES HARDIE IND 600241Q GR -199000000 2106499968
JAMES HARDIE IND HAH AU -199000000 2106499968
JAMES HARDIE NV JHXCC AU -199000000 2106499968
JAMES HARDIE-ADR JHX SP -199000000 2106499968
JAMES HARDIE-ADR JHX US -199000000 2106499968
JAMES HARDIE-ADR JHINY US -199000000 2106499968
JAMES HARDIE-CDI JHX AU -199000000 2106499968
JAMES HARDIE-CDI JHXEUR EO -199000000 2106499968
JAMES HARDIE-CDI JHIUF US -199000000 2106499968
JAMES HARDIE-CDI JHXEUR EU -199000000 2106499968
JAMES HARDIE-CDI JHA GR -199000000 2106499968
JAMES HARDIE-CDI JHA TH -199000000 2106499968
JARVIS PLC JRVS9 EO -64738078.31 130947476.6
JARVIS PLC JRVS6 EO -64738078.31 130947476.6
JARVIS PLC JRVS IX -64738078.31 130947476.6
JARVIS PLC JRVS7 EO -64738078.31 130947476.6
JARVIS PLC JRVS4 EO -64738078.31 130947476.6
JARVIS PLC JRVS EO -64738078.31 130947476.6
JARVIS PLC JRVS2 EO -64738078.31 130947476.6
JARVIS PLC JRVSGBP EO -64738078.31 130947476.6
JARVIS PLC JRVS PZ -64738078.31 130947476.6
JARVIS PLC JRVSEUR EO -64738078.31 130947476.6
JARVIS PLC JRVS5 EO -64738078.31 130947476.6
JARVIS PLC JRVS3 EO -64738078.31 130947476.6
JARVIS PLC JVR GR -64738078.31 130947476.6
JARVIS PLC JRVS LN -64738078.31 130947476.6
JARVIS PLC JRVS1 EO -64738078.31 130947476.6
JARVIS PLC JRV EO -64738078.31 130947476.6
JARVIS PLC JRVS PO -64738078.31 130947476.6
JARVIS PLC JRVS8 EO -64738078.31 130947476.6
JARVIS PLC JRVS VX -64738078.31 130947476.6
JARVIS PLC JRVSEUR EU -64738078.31 130947476.6
JARVIS PLC JRVS EU -64738078.31 130947476.6
JARVIS PLC JVSPF US -64738078.31 130947476.6
JDR ENTERPRISES 3947788Z LN -49810965.18 161039428.7
JESSOPS PLC JS4 GR -42703065.53 112966830.6
JESSOPS PLC JSP PO -42703065.53 112966830.6
JESSOPS PLC JSP LN -42703065.53 112966830.6
JESSOPS PLC JSP EU -42703065.53 112966830.6
JESSOPS PLC JSP PZ -42703065.53 112966830.6
JESSOPS PLC JSP IX -42703065.53 112966830.6
JESSOPS PLC JSP EO -42703065.53 112966830.6
JESSOPS PLC JSPGBP EO -42703065.53 112966830.6
JESSOPS PLC JSPEUR EU -42703065.53 112966830.6
JESSOPS PLC JSP VX -42703065.53 112966830.6
JESSOPS PLC JSPEUR EO -42703065.53 112966830.6
JEUDAN III A/S 3986972Z DC -80338193.89 277838976.7
JP MCDOUGALL & C 1293298Z LN -59332025.51 108780794.1
JPMORGAN CAZENOV 1076890Z LN -3273441.597 147502007.3
JULIE LH BVBA 3739923Z BB -65462971.58 119397670.6
JVC EUROPE LTD 2667041Z LN -2824796.147 131998340.5
KABEL DEUT-ASST KD8V GR -2342985645 3448036454
KABEL DEUTS-CW10 DB7KWG GR -2342985645 3448036454
KABEL DEUTSC-ADR KBDHY US -2342985645 3448036454
KABEL DEUTSC-NEW KD8VEUR EO -2342985645 3448036454
KABEL DEUTSC-NEW KD8VEUR EU -2342985645 3448036454
KABEL DEUTSCHLAN KD8 QM -2342985645 3448036454
KABEL DEUTSCHLAN KD8 NR -2342985645 3448036454
KABEL DEUTSCHLAN KD8 BQ -2342985645 3448036454
KABEL DEUTSCHLAN KD8 PZ -2342985645 3448036454
KABEL DEUTSCHLAN KD8 QX -2342985645 3448036454
KABEL DEUTSCHLAN KD8 EB -2342985645 3448036454
KABEL DEUTSCHLAN KD8D B3 -2342985645 3448036454
KABEL DEUTSCHLAN KD8 TQ -2342985645 3448036454
KABEL DEUTSCHLAN KD8 SW -2342985645 3448036454
KABEL DEUTSCHLAN KD8 GR -2342985645 3448036454
KABEL DEUTSCHLAN KD8 TH -2342985645 3448036454
KABEL DEUTSCHLAN KD8 IX -2342985645 3448036454
KABEL DEUTSCHLAN KD8 EO -2342985645 3448036454
KABEL DEUTSCHLAN KD8USD EO -2342985645 3448036454
KABEL DEUTSCHLAN KD8 S1 -2342985645 3448036454
KABEL DEUTSCHLAN KD8 EU -2342985645 3448036454
KABEL DEUTSCHLAN KD8GBP EO -2342985645 3448036454
KABEL DEUTSCHLAN KD8USD EU -2342985645 3448036454
KABEL DEUTSCHLAN KD8D S2 -2342985645 3448036454
KABEL DEUTSCHLAN KD8D L3 -2342985645 3448036454
KABEL DEUTSCHLAN KBDHF US -2342985645 3448036454
KARENI BV 3140496Z NA -22200.29082 127062363.4
KAUFRING AG KFR EO -19296489.56 150995473.8
KAUFRING AG KFR EU -19296489.56 150995473.8
KAUFRING AG KAUG IX -19296489.56 150995473.8
KAUFRING AG KFR GR -19296489.56 150995473.8
KAUFRING AG KFR PZ -19296489.56 150995473.8
KCA DEUTAG DRILL 2173132Z LN -40951514.04 214072287.9
KEREVITAS GIDA KERVT TI -13266347.68 177912535.2
KEREVITAS GIDA KVTGF US -13266347.68 177912535.2
KERLING PLC 3537299Z LN -110412955.5 2082150198
KESA ELECTRI-ADR KESAY US -438442925.5 1678340661
KESA ELECTRICALS KESA LN -438442925.5 1678340661
KESA ELECTRICALS KESAEUR EU -438442925.5 1678340661
KESA ELECTRICALS KES EO -438442925.5 1678340661
KESA ELECTRICALS KESA PO -438442925.5 1678340661
KESA ELECTRICALS KESA EU -438442925.5 1678340661
KESA ELECTRICALS KESAUSD EU -438442925.5 1678340661
KESA ELECTRICALS KESA VX -438442925.5 1678340661
KESA ELECTRICALS KESAI IX -438442925.5 1678340661
KESA ELECTRICALS KESAEUR EO -438442925.5 1678340661
KESA ELECTRICALS KESAUSD EO -438442925.5 1678340661
KESA ELECTRICALS KESA PZ -438442925.5 1678340661
KESA ELECTRICALS KESAGBP EO -438442925.5 1678340661
KESTREL HOLDINGS 4499515Z LN -256353316.2 592639967.4
KILMARTIN HOLDIN 3589161Z LN -32468603.82 576745598.9
KIMBERLY - CLARK 1298434Z LN -97807698.98 891995975.8
KIROV TIRE PLANT KIRT$ RU -17984240.01 104831160.6
KLEENEZE PLC KLZ LN -14328734.27 110864074.5
KME FRANCE SAS 4714545Z FP -16294335.93 135361629.3
KONINKLIJKE BOON 4173173Z NA -22200.29082 129620421.6
KONINKLIJKE HASK 4037221Z NA -69259.20141 230145390.9
KONINKLIJKE JOH 4041093Z NA -294192.0009 113260032.3
KRONOS EUROPE SA 3643983Z BB -6946196.597 143876670.7
KROSNO KRS1EUR EU -2241576.868 111836250.4
KROSNO KRS PW -2241576.868 111836250.4
KROSNO KRS LI -2241576.868 111836250.4
KROSNO KRS1EUR EO -2241576.868 111836250.4
KROSNO KROS IX -2241576.868 111836250.4
KROSNO SA KROSNO PW -2241576.868 111836250.4
KROSNO SA KRNFF US -2241576.868 111836250.4
KROSNO SA KRS1 EU -2241576.868 111836250.4
KROSNO SA KRS1 EO -2241576.868 111836250.4
KROSNO SA KRS PZ -2241576.868 111836250.4
KROSNO SA-RTS KRSP PW -2241576.868 111836250.4
KROSNO-PDA-ALLT KRSA PW -2241576.868 111836250.4
KRUINENBORGH BEH 4377225Z NA -614989.4228 234051736.9
KUIPER GROEP BV 3821988Z NA -3688.420875 101931401.5
KUZNETSOV-BRD MTST* RU -1447901.309 550023663.4
KUZNETSOV-BRD MTSTP* RU -1447901.309 550023663.4
KUZNETSOV-BRD MTST RU -1447901.309 550023663.4
KUZNETSOV-BRD MTSTP RU -1447901.309 550023663.4
LA GIOVANNI-RTS CREAXA IM -31539726.86 283701481.7
LA HALLE SA 4681697Z FP -9779394.712 506881489.8
LA SEDA DE B-RTS SED/B SM -716967355 694658120
LA SEDA DE BA-RT 1015153Q SM -716967355 694658120
LA SEDA DE BARCE 3687081Q SM -716967355 694658120
LA SEDA DE BARCE SEDE L3 -716967355 694658120
LA SEDA DE BARCE SEDE B3 -716967355 694658120
LA SEDA DE BARCE 0543025D SM -716967355 694658120
LA SEDA DE BARCE SEDE S2 -716967355 694658120
LA SEDA DE BARCE SED/D SM -716967355 694658120
LAB DOLISOS DOLI FP -27753198.79 110489533.6
LAB DOLISOS LADL FP -27753198.79 110489533.6
LABORDE GESTION 4518583Z FP -7674864.492 146438008.6
LAMBRAKIS PR -RT DOLD GA -96141268.95 196197413.3
LAMBRAKIS PRESS DOL PZ -96141268.95 196197413.3
LAMBRAKIS PRESS DOL GA -96141268.95 196197413.3
LAMBRAKIS PRESS LMBKF US -96141268.95 196197413.3
LAMBRAKIS PRESS DOL EO -96141268.95 196197413.3
LAMBRAKIS PRESS DOLR GA -96141268.95 196197413.3
LAMBRAKIS PRESS LA3 GR -96141268.95 196197413.3
LAMBRAKIS PRESS DOL EU -96141268.95 196197413.3
LAMBRAKIS PRESS LA3A GR -96141268.95 196197413.3
LAMBRAKIS R-R DOLV10 GA -96141268.95 196197413.3
LAMBRAKIS REPO DOLL10 GA -96141268.95 196197413.3
LAMBRAKIS-AUC DOLE GA -96141268.95 196197413.3
LANCASTER INVEST 1575538Z LN -87465972.36 102198480.6
LANCELOT LAND BV 4044589Z NA -97554863.6 159989870.7
LAND VAN HOP NV 3727898Z BB -4232246.124 117433048.7
LAPSENT LTD 203678Z LN -52500640.36 290374473.6
LAST MINUTE NETW 1180895Z LN -783648895.1 392455442.7
LASTAS A/S-A 0122306D DC -49485067.68 159639319.3
LASTAS A/S-B SHS LASTB EU -49485067.68 159639319.3
LASTAS A/S-B SHS LASTB BY -49485067.68 159639319.3
LASTAS A/S-B SHS LAST/B PZ -49485067.68 159639319.3
LASTAS A/S-B SHS LASTB DC -49485067.68 159639319.3
LASTAS A/S-B SHS LASTB EO -49485067.68 159639319.3
LASTAS A/S-B SHS INBO IX -49485067.68 159639319.3
LASTAS A/S-B SHS LASTBEUR EO -49485067.68 159639319.3
LASTAS A/S-B SHS LASTBEUR EU -49485067.68 159639319.3
LATIMER GROUP LT 4089809Z LN -879564577.7 791552405.4
LAVIPHARM S.A. LAVIY S2 -20633860.36 148970845.9
LAVIPHARM S.A. LAVIY B3 -20633860.36 148970845.9
LAVIPHARM S.A. LAVIY L3 -20633860.36 148970845.9
LAVIPHARM SA LAVI EO -20633860.36 148970845.9
LAVIPHARM SA BXA GR -20633860.36 148970845.9
LAVIPHARM SA LVIXF US -20633860.36 148970845.9
LAVIPHARM SA LVP GR -20633860.36 148970845.9
LAVIPHARM SA LAVI GA -20633860.36 148970845.9
LAVIPHARM SA LAVI PZ -20633860.36 148970845.9
LAVIPHARM SA LAVI EU -20633860.36 148970845.9
LAVIPHARM SA-RTS LAVIR GA -20633860.36 148970845.9
LAVIPHARM SA-RTS LAVID GA -20633860.36 148970845.9
LAVIPHARM-AUC LAVIE GA -20633860.36 148970845.9
LEEDS SPORTING LEDPF US -73166148.8 143762193.7
LEEDS SPORTING LES LN -73166148.8 143762193.7
LEEDS UNITED PLC LDSUF US -73166148.8 143762193.7
LEEDS UNITED PLC LUFC LN -73166148.8 143762193.7
LEEDS UNITED PLC 889687Q GR -73166148.8 143762193.7
LENOVO BELGIUM S 3740171Z BB -104525176.2 1113548956
LIBERTY GL EU-A UPC NA -5505478850 5112616630
LIBRA GROUP PLC LHGCYP EU -39648682.41 209021322.6
LIBRA GROUP PLC LHG EU -39648682.41 209021322.6
LIBRA GROUP PLC LHG CY -39648682.41 209021322.6
LIBRA GROUP PLC LHG EO -39648682.41 209021322.6
LIBRA GROUP PLC LHGCYP EO -39648682.41 209021322.6
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 G LHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG CY -39648682.41 209021322.6
LIBRO AG LIB AV -110486313.8 174004185
LIBRO AG LIBR AV -110486313.8 174004185
LIBRO AG LB6 GR -110486313.8 174004185
LIBRO AG LBROF US -110486313.8 174004185
LINO MANAGEMENT 3774416Z NA -394579184.5 685321652.6
LIONCOVER INSURA 1120431Z LN -221634.5078 741448932.8
LIVERPOOL FOOTBA 1273434Z LN -67663901.97 349487574.1
LKAB NORGE AS 4401353Z NO -460925.3937 430135628.2
LLOYDS BANK EQUI 1214495Z LN -661502.0787 334567903.1
LLOYDS BANK EQUI 1238423Z LN -1919497.182 270431461.4
LLOYDS BANK FINA 1427642Z LN -29419134.35 7131680126
LOEWE AG LOEK GR -2861100.078 140584053.8
LOEWE AG LOE TQ -2861100.078 140584053.8
LOEWE AG LOE TH -2861100.078 140584053.8
LOEWE AG LOE GR -2861100.078 140584053.8
LOEWE AG LOEG IX -2861100.078 140584053.8
LOEWE AG LOE S1 -2861100.078 140584053.8
LOEWE AG LOEEF US -2861100.078 140584053.8
LOEWE AG LOEK BQ -2861100.078 140584053.8
LOEWE AG LOEK TQ -2861100.078 140584053.8
LOEWE AG LOE EO -2861100.078 140584053.8
LOEWE AG LOE EU -2861100.078 140584053.8
LOEWE AG LOE PZ -2861100.078 140584053.8
LOEWE AG LOE BQ -2861100.078 140584053.8
LOFTUS ROAD PLC LFURF US -193935862.6 120047585.7
LOMBARD CORPORAT 1162975Z LN -7309362.404 198951662.4
LONDON TOWN PLC LOU GR -21897636.36 175672299.2
LONDON TOWN PLC LTW PZ -21897636.36 175672299.2
LONDON TOWN PLC LTW IX -21897636.36 175672299.2
LONDON TOWN PLC LTW PG -21897636.36 175672299.2
LONDON TOWN PLC LTW EO -21897636.36 175672299.2
LONDON TOWN PLC LTW EU -21897636.36 175672299.2
LONDON TOWN PLC LTW PO -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 LTWX LN -21897636.36 175672299.2
LTR FINANCE NO 8 3816616Z ID -5725709.873 192004847.4
LUGANSKOBLENERGO LOEN UZ -15333824.91 193193520.1
LUNDBECK SAS 4690609Z FP -22481947.35 112816360.1
M 2003 PLC 203055Q LN -2203513803 7204891602
M 2003 PLC MTWOF US -2203513803 7204891602
M 2003 PLC-ADR MTWOE US -2203513803 7204891602
M 2003 PLC-ADR MTWOY US -2203513803 7204891602
M-INDUSTRIYA SOMI RU -1939922.304 224642713.4
MAGMA DD MGMARHRK EU -14866764.5 104029160.5
MAGMA DD MGMARHRK EO -14866764.5 104029160.5
MAGMA DD MGMARA CZ -14866764.5 104029160.5
MAGNETI MARELLI 3643903Z SM -249160.3447 256260168.7
MAGNETI MARELLI 4470247Z FP -6937148.231 258493334.7
MAGYAR TELECOM B 363945Z HB -143800696.4 397462304.9
MAILLIS MLISF US -108664218.5 343500549.5
MAILLIS -RTS MAIKR GA -108664218.5 343500549.5
MAILLIS-SPON ADR MJMSY US -108664218.5 343500549.5
MAINAU FUNDING L 4460161Z ID -210886395.2 1273830985
MAKRO CASH & CAR 4281845Z PL -5353005.422 208082462.7
MAKRO SELF SERVI 1373618Z LN -60067907.22 319992553.1
MAN LAST OG BUSS 4521719Z NO -670202.3737 175532977.5
MAN VEHICULOS IN 3634127Z SM -6234511.698 332429019.1
MANIA TECHNOLOGI MNI NM -35060806.41 107465704.6
MANIA TECHNOLOGI MNI S1 -35060806.41 107465704.6
MANIA TECHNOLOGI MIAVF US -35060806.41 107465704.6
MANIA TECHNOLOGI MNI1 EO -35060806.41 107465704.6
MANIA TECHNOLOGI MNI TH -35060806.41 107465704.6
MANIA TECHNOLOGI MNI GR -35060806.41 107465704.6
MANIA TECHNOLOGI 2260970Z GR -35060806.41 107465704.6
MANIA TECHNOLOGI MNI1 EU -35060806.41 107465704.6
MANIA TECHNOLOGI MNI PZ -35060806.41 107465704.6
MANIA TECHNOLOGI MNIG IX -35060806.41 107465704.6
MAPELEY STEPS CO 1914846Z LN -43332031.44 121423566.8
MARCONI PLC MRCQF US -2203513803 7204891602
MARCONI PLC MONI BB -2203513803 7204891602
MARCONI PLC MY2 GR -2203513803 7204891602
MARCONI PLC MNI LN -2203513803 7204891602
MARCONI PLC 203083Q VX -2203513803 7204891602
MARCONI PLC MNI BB -2203513803 7204891602
MARCONI PLC-ADR MCBA GR -2203513803 7204891602
MARCONI PLC-ADR MY2A GR -2203513803 7204891602
MARCONI PLC-ADR MONIE US -2203513803 7204891602
MARCONI PLC-ADR QUQMON AU -2203513803 7204891602
MARCONI PLC-ADR MCONY US -2203513803 7204891602
MARCONI PLC-ADR MONI US -2203513803 7204891602
MARCONI PLC-ADR MONIY US -2203513803 7204891602
MARCONI PLC-ADR MRCQY US -2203513803 7204891602
MARINE SUBSEA AS MSAS NO -280249984 357512992
MARINOTEIS-SOCIE 4753761Z PL -14953194.76 133756219.5
MARITIME CO -RTS 2749585Q GA -106982273.2 179470608.3
MARITIME CO LESB NELD GA -106982273.2 179470608.3
MARITIME CO LESB MEKD CH -106982273.2 179470608.3
MARITIME CO LESV NEL EO -106982273.2 179470608.3
MARITIME CO LESV MCV GR -106982273.2 179470608.3
MARITIME CO LESV NEL GA -106982273.2 179470608.3
MARITIME CO LESV NEL EU -106982273.2 179470608.3
MARITIME CO LESV MTMLF US -106982273.2 179470608.3
MARITIME CO LESV NEL PZ -106982273.2 179470608.3
MARITIME CO-RTS 5078509Q GA -106982273.2 179470608.3
MARITIME COM-RTS NELR GA -106982273.2 179470608.3
MARITIME COMPANY NELY B3 -106982273.2 179470608.3
MARITIME COMPANY NELY L3 -106982273.2 179470608.3
MARITIME COMPANY NELE GA -106982273.2 179470608.3
MARITIME COMPANY NELY S2 -106982273.2 179470608.3
MARITIME LESV-RT NELBR GA -106982273.2 179470608.3
MARTINSA FADESA 4PU GR -5913566026 3756927517
MARTINSA FADESA MTF1 LI -5913566026 3756927517
MARTINSA FADESA MTF EO -5913566026 3756927517
MARTINSA FADESA MTF EU -5913566026 3756927517
MARTINSA FADESA MTF SM -5913566026 3756927517
MARTINSA FADESA MFAD PZ -5913566026 3756927517
MARTINSA-FADESA MTF NR -5913566026 3756927517
MATERNUS KLINI-N MAK1 GR -44477800.05 168038275.8
MATERNUS-KLINIKE MNUKF US -44477800.05 168038275.8
MATERNUS-KLINIKE MAK GR -44477800.05 168038275.8
MATERNUS-KLINIKE MAKD S2 -44477800.05 168038275.8
MATERNUS-KLINIKE MAK PZ -44477800.05 168038275.8
MATERNUS-KLINIKE MAKG IX -44477800.05 168038275.8
MATERNUS-KLINIKE MAK S1 -44477800.05 168038275.8
MATERNUS-KLINIKE MAK TH -44477800.05 168038275.8
MATERNUS-KLINIKE MAK EU -44477800.05 168038275.8
MATERNUS-KLINIKE MAKD L3 -44477800.05 168038275.8
MATERNUS-KLINIKE MAK EO -44477800.05 168038275.8
MATERNUS-KLINIKE MAKD B3 -44477800.05 168038275.8
MATUSSIERE & FOR MTUSF US -77899559.39 293879179.1
MATUSSIERE & FOR 1007765Q FP -77899559.39 293879179.1
MAYBOURNE HOTELS 1824362Z LN -8957462.925 417749122.1
MCGRAW-HILL INTE 1275642Z LN -397583.9996 122720927.9
MCINERNEY -RT FP MCIF LN -137972148.5 304108432.2
MCINERNEY -RT FP MCIF ID -137972148.5 304108432.2
MCINERNEY -RT NP MCIN ID -137972148.5 304108432.2
MCINERNEY -RT NP MCIN LN -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EU -137972148.5 304108432.2
MCINERNEY HLDGS MCI EU -137972148.5 304108432.2
MCINERNEY HLDGS MK9 PO -137972148.5 304108432.2
MCINERNEY HLDGS MCI ID -137972148.5 304108432.2
MCINERNEY HLDGS MCI LN -137972148.5 304108432.2
MCINERNEY HLDGS MK9 GR -137972148.5 304108432.2
MCINERNEY HLDGS MNEYF US -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBP EO -137972148.5 304108432.2
MCINERNEY HLDGS MCII IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI EO -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EO -137972148.5 304108432.2
MCINERNEY HLDGS MK9C PZ -137972148.5 304108432.2
MCINERNEY HLDGS MCI PO -137972148.5 304108432.2
MCINERNEY HLDGS MCI IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI VX -137972148.5 304108432.2
MCINERNEY PROP-A MCIYF US -137972148.5 304108432.2
MCINERNEY PROP-A MYP LN -137972148.5 304108432.2
MCINERNEY PROP-A MYP ID -137972148.5 304108432.2
MCINERNEY-ADR MNEYY US -137972148.5 304108432.2
MEADOWHALL FINAN 3560793Z LN -6035585.406 1318976857
MECHANGROEP BV 4501491Z NA -154404.9003 124805349
MEDIAEDGE CIA UK 1912470Z LN -12672443.58 247008178
MEDIMMUNE LTD 1596402Z LN -753144808.1 392707180.7
MERIDIANA SPA 1163Z IM -4509241.938 181803591.5
MERLIN PROPERTIE MRL SM -153310244.4 1466403680
MERLIN PROPERTIE MRLE IX -153310244.4 1466403680
MERLIN PROPERTIE MRLE S1 -153310244.4 1466403680
MERLIN PROPERTIE 1008762D SM -153310244.4 1466403680
MERLIN PROPERTIE MRLEUR EO -153310244.4 1466403680
MERLIN PROPERTIE MRLEUR EU -153310244.4 1466403680
MERLIN PROPERTIE MEQA GR -153310244.4 1466403680
MERLIN PROPERTIE MRLE EB -153310244.4 1466403680
MERLIN PROPERTIE MEQ GR -153310244.4 1466403680
METALLURGIC-BRD METZ RU -1136275.166 384654426.2
METALLURGIC-BRD METZ* RU -1136275.166 384654426.2
METALLURGIC-PFD METZP RU -1136275.166 384654426.2
METALLURGIC-PFD METZP* RU -1136275.166 384654426.2
METRO DO PORTO S 4473963Z PL -1539365046 3027538897
METROPOLITANO DE 1009Z PL -1208063687 6484900913
MICRO FOCUS INTE MCROL B3 -16251000 605017024
MICRO FOCUS INTE MCROL L3 -16251000 605017024
MICRO FOCUS INTE MCROL S2 -16251000 605017024
MICRO FOCUS INTL MCRO NR -16251000 605017024
MICRO FOCUS INTL MCRO3 EO -16251000 605017024
MICRO FOCUS INTL M7Q GK -16251000 605017024
MICRO FOCUS INTL MCRO EO -16251000 605017024
MICRO FOCUS INTL MCROEUR EU -16251000 605017024
MICRO FOCUS INTL MCRO2 EO -16251000 605017024
MICRO FOCUS INTL MCFUF US -16251000 605017024
MICRO FOCUS INTL MCRO5 EO -16251000 605017024
MICRO FOCUS INTL MCROEUR EO -16251000 605017024
MICRO FOCUS INTL MCRO8 EO -16251000 605017024
MICRO FOCUS INTL MCROUSD EU -16251000 605017024
MICRO FOCUS INTL MCRO6 EO -16251000 605017024
MICRO FOCUS INTL MCROUSD EO -16251000 605017024
MICRO FOCUS INTL MCRO VX -16251000 605017024
MICRO FOCUS INTL MCRO EB -16251000 605017024
MICRO FOCUS INTL MCRO S1 -16251000 605017024
MICRO FOCUS INTL MCRO LN -16251000 605017024
MICRO FOCUS INTL MCRO QM -16251000 605017024
MICRO FOCUS INTL MCFUD US -16251000 605017024
MICRO FOCUS INTL MCROPEN EO -16251000 605017024
MICRO FOCUS INTL M7Q2 GR -16251000 605017024
MICRO FOCUS INTL MCRO PO -16251000 605017024
MICRO FOCUS INTL MCRO EU -16251000 605017024
MICRO FOCUS INTL M7Q1 GR -16251000 605017024
MICRO FOCUS INTL MCRO9 EO -16251000 605017024
MICRO FOCUS INTL MCRO QX -16251000 605017024
MICRO FOCUS INTL MCRO NQ -16251000 605017024
MICRO FOCUS INTL M7Q3 GR -16251000 605017024
MICRO FOCUS INTL MCRO TQ -16251000 605017024
MICRO FOCUS INTL MCROGBP EO -16251000 605017024
MICRO FOCUS INTL MCR2 EO -16251000 605017024
MICRO FOCUS INTL MCRO1 EO -16251000 605017024
MICRO FOCUS INTL MCRO4 EO -16251000 605017024
MICRO FOCUS INTL MCRO7 EO -16251000 605017024
MICRO FOCUS INTL MCROPEN EU -16251000 605017024
MICRO FOCUS INTL MCRO PZ -16251000 605017024
MICRO FOCUS INTL MCRO BQ -16251000 605017024
MICRO FOCUS INTL MCRO IX -16251000 605017024
MICRO FOCUS INTL M7Q GR -16251000 605017024
MICRO FOCUS-ADR MCFUY US -16251000 605017024
MIDLAND EXPRESSW 583730Z LN -228268314.5 1057402943
MIKRON-BRD MKRO RU -6366526.768 704144845.5
MIKRON-BRD MKRO* RU -6366526.768 704144845.5
MILLENNIUM STADI 1727672Z LN -35927709.3 143590875.7
MILLER FREEMAN W 9595335Q LN -152635588.1 197883920.7
MILLIMAGES MILT FP -1006036.19 113452793.4
MILLIMAGES MLMG IX -1006036.19 113452793.4
MILLIMAGES 8131905Q FP -1006036.19 113452793.4
MILLIMAGES MILI FP -1006036.19 113452793.4
MILLIMAGES MLIGF US -1006036.19 113452793.4
MILLIMAGES MIL S1 -1006036.19 113452793.4
MILLIMAGES MIL1 EU -1006036.19 113452793.4
MILLIMAGES MILF PZ -1006036.19 113452793.4
MILLIMAGES MG6 GR -1006036.19 113452793.4
MILLIMAGES MIL1 PZ -1006036.19 113452793.4
MILLIMAGES MIL1 EO -1006036.19 113452793.4
MILLIMAGES - RTS 0134468D FP -1006036.19 113452793.4
MILLIMAGES -NREG MILNR FP -1006036.19 113452793.4
MILLIMAGES -NREG MILNREUR EO -1006036.19 113452793.4
MILLIMAGES -NREG MILNREUR EU -1006036.19 113452793.4
MILLIMAGES -REGR MIL1EUR EO -1006036.19 113452793.4
MILLIMAGES -REGR MIL FP -1006036.19 113452793.4
MILLIMAGES -REGR MIL TQ -1006036.19 113452793.4
MILLIMAGES -REGR MIL1EUR EU -1006036.19 113452793.4
MILLIMAGES -REGR MIL EB -1006036.19 113452793.4
MILLIMAGES -REGR MIL IX -1006036.19 113452793.4
MILLIMAGES NR - MILNRP B3 -1006036.19 113452793.4
MILLIMAGES NR - MILP B3 -1006036.19 113452793.4
MILLIMAGES NR - MILNRP L3 -1006036.19 113452793.4
MILLIMAGES NR - MILP S2 -1006036.19 113452793.4
MILLIMAGES NR - MILNRP S2 -1006036.19 113452793.4
MILLIMAGES NR - MILP L3 -1006036.19 113452793.4
MILLIMAGES-RTS 760037Q FP -1006036.19 113452793.4
MILLIMAGES-RTS MILDS FP -1006036.19 113452793.4
MJ MAILLIS S.A. MJL GR -108664218.5 343500549.5
MJ MAILLIS S.A. MAIK EU -108664218.5 343500549.5
MJ MAILLIS S.A. MAIKY B3 -108664218.5 343500549.5
MJ MAILLIS S.A. MAIK GA -108664218.5 343500549.5
MJ MAILLIS S.A. MAIK EO -108664218.5 343500549.5
MJ MAILLIS S.A. MAIKY L3 -108664218.5 343500549.5
MJ MAILLIS S.A. MAIKY S2 -108664218.5 343500549.5
MJ MAILLIS S.A. MAIK PZ -108664218.5 343500549.5
MOBILE TELESYSTE 4115696Z LX -348018999 808519791.7
MONARCH HOLDINGS 4502027Z LN -249731094.1 658980214.4
MONTE MARE GRADO 4359985Z IM -535795.2118 100538343.7
MOSPROMSTROY-BRD MPSM RU -40317492.82 257095111.4
MOSPROMSTROY-BRD MPSM* RU -40317492.82 257095111.4
MOSPROMSTROY-PFD MPSMP RU -40317492.82 257095111.4
MOSPROMSTROY-PFD MPSMP* RU -40317492.82 257095111.4
MOTO HOSPITALITY 1344378Z LN -139041358 1143143841
MOUCHEL GROUP PL MCHL TQ -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL EO -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL NR -62838511.24 491368809.7
MOUCHEL GROUP PL MO6 GR -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL EB -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL BQ -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL EU -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL PZ -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL VX -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL LN -62838511.24 491368809.7
MOUCHEL GROUP PL MOUCF US -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL S1 -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL NQ -62838511.24 491368809.7
MOUCHEL GROUP PL MCHLEUR EO -62838511.24 491368809.7
MOUCHEL GROUP PL MCHLGBP EO -62838511.24 491368809.7
MOUCHEL GROUP PL MCHLEUR EU -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL QM -62838511.24 491368809.7
MOUCHEL GROUP PL MCHL IX -62838511.24 491368809.7
MOUCHEL PARKMAN MCHL PO -62838511.24 491368809.7
MSREF ELBA BV 4043045Z NA -87419.09909 568916342.9
MVCI HOLIDAYS FR 4524959Z FP -108431736 225667433.5
MYRMIDON CMBS PR 3819292Z ID -106451277.7 274185088.8
MYTRAVEL GROUP MT/S PO -379731744 1817560463
MYTRAVEL GROUP MYTPF US -379731744 1817560463
MYTRAVEL GROUP MT/S VX -379731744 1817560463
MYTRAVEL GROUP MT/S LN -379731744 1817560463
MYTRAVEL GROUP 3544280Q IX -379731744 1817560463
MYTRAVEL GROUP ARO2 GR -379731744 1817560463
MYTRAVEL GROUP P MYTGF US -379731744 1817560463
MYTRAVEL GROUP P MT/ LN -379731744 1817560463
MYTRAVEL GROUP P 1018144Q GR -379731744 1817560463
MYTRAVEL GROUP P MT/ VX -379731744 1817560463
MYTRAVEL GROUP-A MYTVF US -379731744 1817560463
MYTRAVEL GROUP-A 2281919Q GR -379731744 1817560463
MYTRAVEL TOUR OP 1190295Z LN -2772041051 706177528.1
NAFTOKHIMIK PRIC NAFP UZ -15122638.98 167861356.9
NAFTOKHIMIK-GDR N3ZA GR -15122638.98 167861356.9
NAOUSSA SPIN -RT NAOYD GA -163112562.6 286535432.7
NAOUSSA SPIN-AUC NAOYKE GA -163112562.6 286535432.7
NAOUSSA SPIN-RTS NAOYKR GA -163112562.6 286535432.7
NAOUSSA SPINNING NML GR -163112562.6 286535432.7
NATURGAS ENERGIA 4365797Z SM -14710105.75 418158346
NCC CONSTRUCTION 4389745Z NO -7109783.015 480936679.5
NCC ROADS AS 4401305Z NO -15956764.57 169875159.1
NCR FRANCE SNC 4525407Z FP -1685809.858 259305615.3
NCR LTD 3083521Z LN -374259543.3 431632783.6
NDS GROUP HOLDIN 0112196D US -720982016 649305984
NDS GROUP HOLDIN NDSG US -720982016 649305984
NERVACERO SA 4469951Z SM -82189596.47 625780626.1
NESTLE UK LTD 1274562Z LN -392617862.7 4269323540
NESTLE WATERS SU 3634887Z FP -21571029.7 180359767.6
NEW LOOK RETAIL 2711544Z LN -651436258.7 2033386885
NEW STAR ASSET 3226439Q EU -397728016.9 292980082.9
NEW STAR ASSET NSAM PO -397728016.9 292980082.9
NEW STAR ASSET NSAM IX -397728016.9 292980082.9
NEW STAR ASSET 3226443Q EO -397728016.9 292980082.9
NEW STAR ASSET NSAM PZ -397728016.9 292980082.9
NEW STAR ASSET NSAA LN -397728016.9 292980082.9
NEW STAR ASSET 3226447Q EO -397728016.9 292980082.9
NEW STAR ASSET NWSAF US -397728016.9 292980082.9
NEW STAR ASSET N6S GR -397728016.9 292980082.9
NEW STAR ASSET NSAM TQ -397728016.9 292980082.9
NEW STAR ASSET 3226431Q EU -397728016.9 292980082.9
NEW STAR ASSET 3226435Q EO -397728016.9 292980082.9
NEW STAR ASSET M NSAM LN -397728016.9 292980082.9
NEW WORLD R-A SH NWR NR -422677842.5 1206255068
NEW WORLD R-A SH NWR TQ -422677842.5 1206255068
NEW WORLD R-A SH NWR EO -422677842.5 1206255068
NEW WORLD R-A SH NWR BQ -422677842.5 1206255068
NEW WORLD R-A SH NWR EU -422677842.5 1206255068
NEW WORLD R-A SH NWR1 TQ -422677842.5 1206255068
NEW WORLD R-A SH NWR QM -422677842.5 1206255068
NEW WORLD R-A SH NWR S1 -422677842.5 1206255068
NEW WORLD R-A SH NWRUK TQ -422677842.5 1206255068
NEW WORLD R-A SH NWR EB -422677842.5 1206255068
NEW WORLD R-A SH NWR IX -422677842.5 1206255068
NEW WORLD R-A SH NWR PW -422677842.5 1206255068
NEW WORLD R-A SH NWR CP -422677842.5 1206255068
NEW WORLD R-A SH NWR PZ -422677842.5 1206255068
NEW WORLD R-A SH NW5 GR -422677842.5 1206255068
NEW WORLD R-A SH NWR LN -422677842.5 1206255068
NEW WORLD R-B 0743168D LN -422677842.5 1206255068
NEW WORLD RESOUR NWRUKK L3 -422677842.5 1206255068
NEW WORLD RESOUR NWRL L3 -422677842.5 1206255068
NEW WORLD RESOUR NWRW L3 -422677842.5 1206255068
NEW WORLD RESOUR NW5D S2 -422677842.5 1206255068
NEW WORLD RESOUR NWRUKK S2 -422677842.5 1206255068
NEW WORLD RESOUR NWRL S2 -422677842.5 1206255068
NEW WORLD RESOUR NW5D L3 -422677842.5 1206255068
NEW WORLD RESOUR NWRW S2 -422677842.5 1206255068
NEW WORLD RESOUR NWRW B3 -422677842.5 1206255068
NEW WORLD RESOUR NWRL B3 -422677842.5 1206255068
NEW WORLD RESOUR NWRUKK B3 -422677842.5 1206255068
NEW WORLD RESOUR NW5D B3 -422677842.5 1206255068
NEWCASTLE UNITED 1060322Z LN -49091585.54 238073462.4
NEWCASTLE UNITED 4380361Z LN -33690958.84 234612813.1
NEXANS COPPER FR 4744809Z FP -22661844.26 308623822.2
NIKAS SA - RTS NIKAR GA -20069595.16 104893930.7
NISSAN FORKLIFT 4507803Z NA -13548401.61 114988998.1
NIZHMASHZAVO-BRD NMSZ* RU -41368012.16 574396318.4
NIZHMASHZAVO-BRD NMSZ RU -41368012.16 574396318.4
NIZHMASHZAVO-PFD NMSZP* RU -41368012.16 574396318.4
NIZHMASHZAVO-PFD NMSZP RU -41368012.16 574396318.4
NIZHMASHZAVOD-BD NMSZ$ RU -41368012.16 574396318.4
NORBAIN GROUP LT 4007676Z LN -18880913.74 122682534.9
NORDAG AG DOO1 GR -482467.0522 144438127.4
NORDAG AG-PFD DOO3 GR -482467.0522 144438127.4
NORDAG AG-RTS DOO8 GR -482467.0522 144438127.4
NORDENIA INTERNA NOD GR -74469671.73 729606340.7
NORDENIA INTL AG NOD8 GR -74469671.73 729606340.7
NORDIC SHIPHOLDI NORDI TQ -43100000 135400000
NORDIC SHIPHOLDI NORDIEUR EU -43100000 135400000
NORDIC SHIPHOLDI NORDI EU -43100000 135400000
NORDIC SHIPHOLDI NORDIC IX -43100000 135400000
NORDIC SHIPHOLDI NORDIC S2 -43100000 135400000
NORDIC SHIPHOLDI DTQ GR -43100000 135400000
NORDIC SHIPHOLDI NORDI BY -43100000 135400000
NORDIC SHIPHOLDI NORDIC EB -43100000 135400000
NORDIC SHIPHOLDI NORDI EO -43100000 135400000
NORDIC SHIPHOLDI NORDIEUR EO -43100000 135400000
NORDIC SHIPHOLDI NORDIC B3 -43100000 135400000
NORDIC SHIPHOLDI NORDIC L3 -43100000 135400000
NORDIC SHIPHOLDI NORDIC DC -43100000 135400000
NORDIC TANKE-NEW NORDICN DC -43100000 135400000
NORDIC TANKE-RTS NORDICT DC -43100000 135400000
NORDIC TANKERS A NORDIC PZ -43100000 135400000
NORDICOM A/S NRDCC S2 -27413160.84 501988437.8
NORDICOM A/S NRDCC L3 -27413160.84 501988437.8
NORDICOM A/S NRDCC B3 -27413160.84 501988437.8
NORDICOM A/S-RTS NRDCT DC -27413160.84 501988437.8
NORDICOM AS NRDCC EB -27413160.84 501988437.8
NORDICOM AS NRDCEUR EO -27413160.84 501988437.8
NORDICOM AS NRDC DC -27413160.84 501988437.8
NORDICOM AS NRDC EU -27413160.84 501988437.8
NORDICOM AS NRDC BY -27413160.84 501988437.8
NORDICOM AS CEPH DC -27413160.84 501988437.8
NORDICOM AS NRDC PZ -27413160.84 501988437.8
NORDICOM AS NRDC TQ -27413160.84 501988437.8
NORDICOM AS NRDC IX -27413160.84 501988437.8
NORDICOM AS NRDCEUR EU -27413160.84 501988437.8
NORDICOM AS NRDC EO -27413160.84 501988437.8
NORDICOM AS-NEW NORN DC -27413160.84 501988437.8
NORDSEE AG 533061Q GR -8200576.76 194617530.6
NORDSEE GMBH 3988724Z GR -81591772.37 201788718.4
NORFOLK HOLDINGS 779151Z NA -192035.398 782945491.9
NORSK STEIN AS 4394889Z NO -1237127.989 254760725.7
NORTHCLIFFE MEDI 1294954Z LN -231086140.5 141497063.7
NORTHERN FO-ASSD NFDA LN -70166768.88 924680805.3
NORTHERN FOO-NEW NFDN LN -70166768.88 924680805.3
NORTHERN FOO-RFD 650060Q LN -70166768.88 924680805.3
NORTHERN FOODS NFO GK -70166768.88 924680805.3
NORTHERN FOODS NFDSUSD EU -70166768.88 924680805.3
NORTHERN FOODS NFDS VX -70166768.88 924680805.3
NORTHERN FOODS NFDS QM -70166768.88 924680805.3
NORTHERN FOODS NFDS PZ -70166768.88 924680805.3
NORTHERN FOODS NFO GR -70166768.88 924680805.3
NORTHERN FOODS NFDS EO -70166768.88 924680805.3
NORTHERN FOODS NFDS EB -70166768.88 924680805.3
NORTHERN FOODS NFDS NR -70166768.88 924680805.3
NORTHERN FOODS NFDSGBP EO -70166768.88 924680805.3
NORTHERN FOODS NFDS BQ -70166768.88 924680805.3
NORTHERN FOODS NFDSEUR EU -70166768.88 924680805.3
NORTHERN FOODS NFDSEUR EO -70166768.88 924680805.3
NORTHERN FOODS NFDS PO -70166768.88 924680805.3
NORTHERN FOODS NFDS S1 -70166768.88 924680805.3
NORTHERN FOODS NFDS EU -70166768.88 924680805.3
NORTHERN FOODS NFDS TQ -70166768.88 924680805.3
NORTHERN FOODS NFDS IX -70166768.88 924680805.3
NORTHERN FOODS NTFOF US -70166768.88 924680805.3
NORTHERN FOODS NFDS NQ -70166768.88 924680805.3
NORTHERN FOODS NFDSUSD EO -70166768.88 924680805.3
NORTHERN FOODS L NFDS LN -70166768.88 924680805.3
NORTHERN FOODS P NFDR LN -70166768.88 924680805.3
NOVAR ED&S LTD 1286578Z LN -62804565.08 129403261.3
NOVELIS FOIL FRA 4678593Z FP -49448141.87 103051804.1
NPIL HOLDCO LTD 3641071Z LN -174439226.7 865153864.4
NPOWER GAS LTD 1689816Z LN -356242279.8 692311995.8
NPOWER LTD 1185599Z LN -280336917.7 4234776781
NRJ 12 4681713Z FP -7657615.259 104653825.6
NTT COM SECURITY AAGN GR -7312306.971 180437345.1
NTT COM SECURITY AAGND S1 -7312306.971 180437345.1
NTT COM SECURITY AAGN EO -7312306.971 180437345.1
NTT COM SECURITY AAGN EU -7312306.971 180437345.1
NTT COM SECURITY AAGND L3 -7312306.971 180437345.1
NTT COM SECURITY AAGN TQ -7312306.971 180437345.1
NTT COM SECURITY AAGND B3 -7312306.971 180437345.1
NTT COM SECURITY AAGND S2 -7312306.971 180437345.1
NTT COM SECURITY AAGN S1 -7312306.971 180437345.1
NUERNB HYPO-RTS NUE8 GR -2104112446 5.86E+11
NUERNB HYPOTHEK 0478131D GR -2104112446 5.86E+11
NUTRIBIO SAS 4508451Z FP -1696894.018 126986380.2
NYESA VALORES CO BES EU -208568793.8 658498551.2
NYESA VALORES CO BES EO -208568793.8 658498551.2
NYESA VALORES CO 7NY GR -208568793.8 658498551.2
NYESA VALORES CO BES TQ -208568793.8 658498551.2
NYESA VALORES CO NYE SM -208568793.8 658498551.2
NYESA VALORES CO NYE EO -208568793.8 658498551.2
NYESA VALORES CO NYE TQ -208568793.8 658498551.2
NYESA VALORES CO NYE EU -208568793.8 658498551.2
NYESA VALORES CO BESS PZ -208568793.8 658498551.2
NYESA VALORES CO BES SM -208568793.8 658498551.2
O'KANE & DEVINE 3803556Z LN -4358107.011 464658271.9
O-I MANUFACTURIN 1320610Z LN -12628154.89 101145430
OBTEC OBTEC DC -15214157.39 146307717.3
OBTEC OBT DC -15214157.39 146307717.3
OBTEC-NEW SHARES OBTECN DC -15214157.39 146307717.3
OBTEC-OLD OBTN DC -15214157.39 146307717.3
ODEON & UCI CINE 3489372Z LN -830950559.2 1305400799
ODESSA OIL REFIN ONPZ UZ -389476260.1 147828436.7
OESIA NETWORKS S 4369433Z SM -23680696.85 179103096.4
OKI EUROPE LTD 3912252Z LN -391269747.1 204284621.3
OLCESE SPA O IM -12846689.89 179691572.8
OLCESE SPA-RTS OAA IM -12846689.89 179691572.8
OLCESE VENEZIANO OLVE IM -12846689.89 179691572.8
OMRON EUROPE BV/ 4489339Z NA -309562.197 569956799.6
OPTIMUM CARE LTD 3951796Z LN -33380376.38 106846682.7
ORACLE FRANCE SA 4525191Z FP -4835581.451 722616022.4
ORANGE LTD 951641Q LN -593935104.1 2902299502
ORANGE PLC ORNGF US -593935104.1 2902299502
ORANGE PLC 1460Q GR -593935104.1 2902299502
ORANGE PLC-ADR ORNGY US -593935104.1 2902299502
ORANGE PLC-ADR 0212530D GR -593935104.1 2902299502
ORANGE PLC-ADR ORA$ LN -593935104.1 2902299502
ORBIS PLC OBS IX -4168493.8 127701679.5
ORBIS PLC OBS LN -4168493.8 127701679.5
ORBIS PLC OBS PO -4168493.8 127701679.5
ORBIS PLC OBS PZ -4168493.8 127701679.5
ORBIS PLC OBG PO -4168493.8 127701679.5
ORBIS PLC ORBSF US -4168493.8 127701679.5
ORBIS PLC RLP GR -4168493.8 127701679.5
OROSDI OROSP L3 -51388258.12 181261665.1
OROSDI OROS EO -51388258.12 181261665.1
OROSDI OROSP B3 -51388258.12 181261665.1
OROSDI OROS PZ -51388258.12 181261665.1
OROSDI OROS EU -51388258.12 181261665.1
OROSDI OROSP S2 -51388258.12 181261665.1
OROSDI OROS S1 -51388258.12 181261665.1
OROSDI OROS EB -51388258.12 181261665.1
OROSDI OROS FP -51388258.12 181261665.1
OROSDI OROS IX -51388258.12 181261665.1
OROSDI-BACK BACK IX -51388258.12 181261665.1
OROSDI-BACK ORBA FP -51388258.12 181261665.1
OROSDI-RTS ORODS FP -51388258.12 181261665.1
OT OPTIMA TELEKO 2299892Z CZ -113047998.1 107299044.1
OT-OPTIMA TELEKO OPTERA CZ -113047998.1 107299044.1
OT-OPTIMA TELEKO OPTERHRK EU -113047998.1 107299044.1
OT-OPTIMA TELEKO OPTERHRK EO -113047998.1 107299044.1
OUTDOOR GROUP LT 1318338Z LN -31904183.63 118196315.8
OXEA SARL 3682535Z LX -24721940.15 956415604.2
OXEA SARL 3682535Z GR -24721940.15 956415604.2
P.G. NIKAS SA NIKASY S2 -20069595.16 104893930.7
P.G. NIKAS SA NIKASY L3 -20069595.16 104893930.7
P.G. NIKAS SA NIKASY B3 -20069595.16 104893930.7
PAGESJAUNES GRP PGJUF US -2574016244 1103160018
PAGESJAUNES GRP PAJ LI -2574016244 1103160018
PAGESJAUNES GRP PAJ NQ -2574016244 1103160018
PAGESJAUNES GRP PAJ VX -2574016244 1103160018
PAGESJAUNES GRP PAJ PZ -2574016244 1103160018
PAGESJAUNES GRP PAJ FP -2574016244 1103160018
PAGESJAUNES GRP PAJP IX -2574016244 1103160018
PANAXIA AB PAXA EO -13977243.64 102375892.6
PANAXIA AB PAXAEUR EU -13977243.64 102375892.6
PANAXIA AB PAXA BY -13977243.64 102375892.6
PANAXIA AB PAXA SS -13977243.64 102375892.6
PANAXIA AB PAXA EU -13977243.64 102375892.6
PANAXIA AB PAXA PZ -13977243.64 102375892.6
PANAXIA AB PAXAEUR EO -13977243.64 102375892.6
PANAXIA AB-NEW PAXABT SS -13977243.64 102375892.6
PANAXIA AB-NEW PAXABT BY -13977243.64 102375892.6
PANAXIA AB-RTS PAXATR BY -13977243.64 102375892.6
PANAXIA AB-RTS PAXATR SS -13977243.64 102375892.6
PANAXIA-NEW 8292193Q SS -13977243.64 102375892.6
PANAXIA-RTS 8292189Q SS -13977243.64 102375892.6
PARAGON HOTELS L 4452665Z LN -3769909.891 107328514.4
PARAGON MORTGAGE 2002551Z LN -750891.1819 737656750.8
PARK FOOD GROUP PKFD LN -20141361.32 279211765.5
PARK GROUP PLC PKGL L3 -20141361.32 279211765.5
PARK GROUP PLC PKG LN -20141361.32 279211765.5
PARK GROUP PLC PKGL B3 -20141361.32 279211765.5
PARK GROUP PLC PRKGF US -20141361.32 279211765.5
PARK GROUP PLC PKG VX -20141361.32 279211765.5
PARK GROUP PLC PKG EO -20141361.32 279211765.5
PARK GROUP PLC PRKG IX -20141361.32 279211765.5
PARK GROUP PLC PKG PO -20141361.32 279211765.5
PARK GROUP PLC PKGGBP EO -20141361.32 279211765.5
PARK GROUP PLC PKGL S2 -20141361.32 279211765.5
PARK GROUP PLC PKG EU -20141361.32 279211765.5
PARK GROUP PLC PKG PZ -20141361.32 279211765.5
PARMALAT FINA-RT PRFR AV -18420075679 4120839723
PARMALAT FINANZI FICN AV -18420075679 4120839723
PARMALAT FINANZI PRF IM -18420075679 4120839723
PARMALAT FINANZI PARAF US -18420075679 4120839723
PARMALAT FINANZI PRFI VX -18420075679 4120839723
PARMALAT FINANZI PMLFF US -18420075679 4120839723
PARMALAT FINANZI PMT LI -18420075679 4120839723
PARMALAT FINANZI PAF GR -18420075679 4120839723
PARQUES REUN-RTS PQR/D SM -36793493.63 2314365176
PARQUES REUNIDOS PQR SM -36793493.63 2314365176
PARQUES REUNIDOS PQR GR -36793493.63 2314365176
PATIENTLINE PLC PTL PO -54678675.23 124951423.6
PATIENTLINE PLC 2928903Q EU -54678675.23 124951423.6
PATIENTLINE PLC PTL IX -54678675.23 124951423.6
PATIENTLINE PLC 2928907Q EO -54678675.23 124951423.6
PATIENTLINE PLC 2928899Q EO -54678675.23 124951423.6
PATIENTLINE PLC PTL LN -54678675.23 124951423.6
PATIENTLINE PLC PTL PZ -54678675.23 124951423.6
PATIENTLINE PLC PTL VX -54678675.23 124951423.6
PAYZONE PLC PAYZ EU -138034037.7 510021617
PAYZONE PLC PAYZ PZ -138034037.7 510021617
PAYZONE PLC PAYZ LN -138034037.7 510021617
PAYZONE PLC PAYZ PG -138034037.7 510021617
PAYZONE PLC PAYZ EO -138034037.7 510021617
PAYZONE PLC 4P6 GR -138034037.7 510021617
PAYZONE PLC PAYZ IX -138034037.7 510021617
PBG PBG LI -248138966.9 850379428.1
PBG PBG1 EO -248138966.9 850379428.1
PBG PBG1EUR EO -248138966.9 850379428.1
PBG PBG1USD EO -248138966.9 850379428.1
PBG PBG PW -248138966.9 850379428.1
PBG PBG1EUR EU -248138966.9 850379428.1
PBG PBG PZ -248138966.9 850379428.1
PBG PBG1 EU -248138966.9 850379428.1
PBG PBGZF US -248138966.9 850379428.1
PBG PBG1USD EU -248138966.9 850379428.1
PBG S.A. 887076Q PW -248138966.9 850379428.1
PBG SA PBGW S2 -248138966.9 850379428.1
PBG SA PBGG IX -248138966.9 850379428.1
PBG SA PBGW L3 -248138966.9 850379428.1
PBG SA PBGW B3 -248138966.9 850379428.1
PBG SA - ADR PBGZY US -248138966.9 850379428.1
PBG SA - CERT A 899644Z PW -248138966.9 850379428.1
PBG SA -CERT A PBGA PW -248138966.9 850379428.1
PBG SA-A 0122073D PW -248138966.9 850379428.1
PBG SA-ALLOT CE 903059Q PW -248138966.9 850379428.1
PBG SA-ALLOT CER 685728Q PW -248138966.9 850379428.1
PBG SA-RTS PBGP PW -248138966.9 850379428.1
PD PORT SERVICES 1407442Z LN -64613923.86 170018006.2
PD PORTCO LTD 3233785Z LN -286512126 1076498649
PEGASUS PUB-RTS PEGASR GA -84903492.7 221907245.7
PEGASUS PUBLISHI PEGASY S2 -84903492.7 221907245.7
PEGASUS PUBLISHI PEGASY B3 -84903492.7 221907245.7
PEGASUS PUBLISHI PEGA1 EU -84903492.7 221907245.7
PEGASUS PUBLISHI PGPBF US -84903492.7 221907245.7
PEGASUS PUBLISHI PEGASY L3 -84903492.7 221907245.7
PEGASUS PUBLISHI PEGA1 EO -84903492.7 221907245.7
PEGASUS PUBLISHI PEGAS PZ -84903492.7 221907245.7
PEGASUS PUBLISHI PEGAS GA -84903492.7 221907245.7
PEGASUS PUBLISHI JE5 GR -84903492.7 221907245.7
PEGUFORM IBERICA 4512107Z SM -25951900.55 189870518.2
PENOPLEX-FINANS PNPF RU -776342.4125 143683074
PESCANOVA PVA EO -1962474395 3604665666
PESCANOVA PVA SM -1962474395 3604665666
PESCANOVA PVA EB -1962474395 3604665666
PESCANOVA PVA TQ -1962474395 3604665666
PESCANOVA PNV GR -1962474395 3604665666
PESCANOVA PVA IX -1962474395 3604665666
PESCANOVA PVA S1 -1962474395 3604665666
PESCANOVA PVA PZ -1962474395 3604665666
PESCANOVA PVA NR -1962474395 3604665666
PESCANOVA PVA QM -1962474395 3604665666
PESCANOVA PNVAF US -1962474395 3604665666
PESCANOVA PVA EU -1962474395 3604665666
PESCANOVA SA 0572074D SM -1962474395 3604665666
PESCANOVA SA PCV/P SM -1962474395 3604665666
PESCANOVA SA PVAE L3 -1962474395 3604665666
PESCANOVA SA PVAE S2 -1962474395 3604665666
PESCANOVA SA PVAE B3 -1962474395 3604665666
PESCANOVA SA-RTS PVA/D SM -1962474395 3604665666
PESCANOVA SA-RTS 0561516D SM -1962474395 3604665666
PESCANOVA SA-RTS 3414736Q SM -1962474395 3604665666
PESCANOVA-OLD RT 1004Q SM -1962474395 3604665666
PETRO GEO-SERV PGS VX -18066142.02 399710319.4
PETRO GEO-SERV PGS GR -18066142.02 399710319.4
PETRO GEO-SERV 265143Q NO -18066142.02 399710319.4
PETRO GEO-SERV-N PGSN NO -18066142.02 399710319.4
PETRO GEO-SV-ADR PGSA GR -18066142.02 399710319.4
PETRO GEO-SV-ADR PGOGY US -18066142.02 399710319.4
PETROJACK AS JACO IX -54932000 191586000
PETROJACK AS JACK NO -54932000 191586000
PETROJACK AS JACKEUR EU -54932000 191586000
PETROJACK AS P3J GR -54932000 191586000
PETROJACK AS JACK EO -54932000 191586000
PETROJACK AS POJKF US -54932000 191586000
PETROJACK AS JACK PZ -54932000 191586000
PETROJACK AS JACK EU -54932000 191586000
PETROJACK AS JACK BY -54932000 191586000
PETROJACK AS JACKEUR EO -54932000 191586000
PETROMARINE SA 3652071Z FP -23734181.65 320658299.5
PETZET - PFD-RTS PETZPD GA -110809481.9 206423169.8
PETZETAKIS - RTS PETZKD GA -110809481.9 206423169.8
PETZETAKIS-AUC PETZKE GA -110809481.9 206423169.8
PETZETAKIS-PFD PTZ3 GR -110809481.9 206423169.8
PETZETAKIS-PFD PETZP GA -110809481.9 206423169.8
PEUGEOT CITROEN 1974702Z LN -80701624.73 849472808.9
PEUGEOT CITROEN 3652807Z FP -253020802.7 19788050597
PEUGEOT CITROEN 3637183Z FP -387705605.4 308658679.1
PG NIKAS SA NIKAS PZ -20069595.16 104893930.7
PG NIKAS SA NKS GR -20069595.16 104893930.7
PG NIKAS SA NIKAS EO -20069595.16 104893930.7
PG NIKAS SA NIKAS GA -20069595.16 104893930.7
PG NIKAS SA NIKAS EU -20069595.16 104893930.7
PHILIPS GMBH 2645Z GR -967234526 2127723302
PHS GROUP HOLDIN 3173182Z LN -451952499.8 1982894328
PIRELLI & C REAL PRS1 NQ -109148609.4 827830825.9
PIRELLI RE AXA PRSAXA IM -109148609.4 827830825.9
PLACES FOR PEOPL 1914158Z LN -89782697.51 596233572.7
PLANES E INVERSI 3795524Z SM -167827051.7 107554336.1
PLANNED MAINTENA 1344714Z LN -135825348.1 149134042.8
PLANOFORM VASTGO 4047197Z NA -119232.0004 209987003
PLANTASJEN NORGE 4398073Z NO -940365.3882 110815351.7
PORTO F.C.-B FCPB PL -42858205.32 244984137.8
POST OFFICE LTD 1542650Z LN -196775599.5 1694809196
POSTAL SERVICES 3900202Z LN -2013775993 9943515171
POSTNL NV PNL2GBX EU -837827974.3 3354049722
POSTNL NV TNT PZ -837827974.3 3354049722
POSTNL NV PNL NA -837827974.3 3354049722
POSTNL NV PNL2USD EO -837827974.3 3354049722
POSTNL NV PNLA L3 -837827974.3 3354049722
POSTNL NV PNL2NOK EO -837827974.3 3354049722
POSTNL NV PNL2CHF EU -837827974.3 3354049722
POSTNL NV PNL TQ -837827974.3 3354049722
POSTNL NV PNL2USD EU -837827974.3 3354049722
POSTNL NV PNL2AUD EU -837827974.3 3354049722
POSTNL NV PNL2NOK EU -837827974.3 3354049722
POSTNL NV PNL2PLN EU -837827974.3 3354049722
POSTNL NV PNL QM -837827974.3 3354049722
POSTNL NV PNLA B3 -837827974.3 3354049722
POSTNL NV PNL2GBP EO -837827974.3 3354049722
POSTNL NV PNL BQ -837827974.3 3354049722
POSTNL NV PNL2 EO -837827974.3 3354049722
POSTNL NV TNTC GR -837827974.3 3354049722
POSTNL NV TNT LI -837827974.3 3354049722
POSTNL NV PNL QX -837827974.3 3354049722
POSTNL NV PNL2PLN EO -837827974.3 3354049722
POSTNL NV TNTFF US -837827974.3 3354049722
POSTNL NV TNTC TH -837827974.3 3354049722
POSTNL NV PNL MT -837827974.3 3354049722
POSTNL NV PNL1 IX -837827974.3 3354049722
POSTNL NV PNL1 S1 -837827974.3 3354049722
POSTNL NV PNL GK -837827974.3 3354049722
POSTNL NV PNL2 EU -837827974.3 3354049722
POSTNL NV PNL2GBX EO -837827974.3 3354049722
POSTNL NV PNL EB -837827974.3 3354049722
POSTNL NV PNL2AUD EO -837827974.3 3354049722
POSTNL NV PNL2CHF EO -837827974.3 3354049722
POSTNL NV PNL SW -837827974.3 3354049722
POSTNL NV PNLA S2 -837827974.3 3354049722
POSTNL NV-ADR PNLYY US -837827974.3 3354049722
POSTNL NV-ADR TNTTY US -837827974.3 3354049722
POWEO ALPF IX -44827553.48 1104547436
POWEO MLPWO FP -44827553.48 1104547436
POWEO PWOPF US -44827553.48 1104547436
POWEO - RTS PWODS FP -44827553.48 1104547436
POWEO - RTS POWDS FP -44827553.48 1104547436
POWEO DIRECT ENE ALPWO FP -44827553.48 1104547436
POWEO-ADR PWOPY US -44827553.48 1104547436
POWER LEISURE BO 1855610Z LN -56174112.96 131926215.6
POWERCORP INTERN 4449033Z LN -9367275.229 129789167.8
PPG METRO 500 LT 2224564Z LN -15545472.43 116336000.6
PRAMAC SPA 6PA GR -87225984.26 314937083.3
PRAMAC SPA PRAM IX -87225984.26 314937083.3
PRAMAC SPA PRA2 EO -87225984.26 314937083.3
PRAMAC SPA PRAM PZ -87225984.26 314937083.3
PRAMAC SPA PRA2 EU -87225984.26 314937083.3
PRAMAC SPA PRA IM -87225984.26 314937083.3
PRELIOS SPA PIE1 GR -109148609.4 827830825.9
PRELIOS SPA PRS BQ -109148609.4 827830825.9
PRELIOS SPA PLLRF US -109148609.4 827830825.9
PRELIOS SPA PRSI PZ -109148609.4 827830825.9
PRELIOS SPA PRS EB -109148609.4 827830825.9
PRELIOS SPA PRS1GBX EU -109148609.4 827830825.9
PRELIOS SPA PRSM S2 -109148609.4 827830825.9
PRELIOS SPA PIE GR -109148609.4 827830825.9
PRELIOS SPA PRS1USD EU -109148609.4 827830825.9
PRELIOS SPA PRS2 S1 -109148609.4 827830825.9
PRELIOS SPA PRS1 TQ -109148609.4 827830825.9
PRELIOS SPA PRSM L3 -109148609.4 827830825.9
PRELIOS SPA PRSM B3 -109148609.4 827830825.9
PRELIOS SPA PRS1 EO -109148609.4 827830825.9
PRELIOS SPA PRS1USD EO -109148609.4 827830825.9
PRELIOS SPA PRS1 IX -109148609.4 827830825.9
PRELIOS SPA PRS1GBX EO -109148609.4 827830825.9
PRELIOS SPA PRS1 QM -109148609.4 827830825.9
PRELIOS SPA PRS1 NR -109148609.4 827830825.9
PRELIOS SPA PRS1 EU -109148609.4 827830825.9
PRELIOS SPA PRS IM -109148609.4 827830825.9
PRELIOS SPA PRS1GBP EO -109148609.4 827830825.9
PRELIOS SPA-RTS PRSAZA IM -109148609.4 827830825.9
PRELIOS SPA-RTS PLLSF US -109148609.4 827830825.9
PREMIER PROPERTY 4006740Z LN -383762892.9 196967668.2
PRESTBURY HOTELS 397501Z LN -140719863.3 732561072.1
PRESTBURY WENTWO 3814856Z LN -113574624.2 682578779
PRISA PRS2 VX -780193119.9 6162139632
PRISA 0557149D LN -780193119.9 6162139632
PRISA PRS NR -780193119.9 6162139632
PRISA - A GPOPF US -780193119.9 6162139632
PRISA - A PRSGBP EO -780193119.9 6162139632
PRISA - A PRSE B3 -780193119.9 6162139632
PRISA - A PRSE L3 -780193119.9 6162139632
PRISA - A PRSGBX EU -780193119.9 6162139632
PRISA - A PRS TQ -780193119.9 6162139632
PRISA - A PRSE S2 -780193119.9 6162139632
PRISA - A PRS1 S1 -780193119.9 6162139632
PRISA - A PRS1 EB -780193119.9 6162139632
PRISA - A PRSUSD EU -780193119.9 6162139632
PRISA - A PRS EO -780193119.9 6162139632
PRISA - A PZ4 GR -780193119.9 6162139632
PRISA - A PRSS PZ -780193119.9 6162139632
PRISA - A PRSE S1 -780193119.9 6162139632
PRISA - A PRSGBX EO -780193119.9 6162139632
PRISA - A PRS EU -780193119.9 6162139632
PRISA - A PRSUSD EO -780193119.9 6162139632
PRISA - A PRS2 IX -780193119.9 6162139632
PRISA - A PRS SM -780193119.9 6162139632
PRISA - B PRSP EB -780193119.9 6162139632
PRISA - B PRS/P SM -780193119.9 6162139632
PRISA - B PRSP IX -780193119.9 6162139632
PRISA - B PRS/P EO -780193119.9 6162139632
PRISA - B PRS/P TQ -780193119.9 6162139632
PRISA A-ADR PRIS US -780193119.9 6162139632
PRISA B-ADR PRIS/B US -780193119.9 6162139632
PRISA B-RTS PRS/EEUR EU -780193119.9 6162139632
PRISA B-RTS PRS/EEUR EO -780193119.9 6162139632
PRISA B-RTS PRS/E SM -780193119.9 6162139632
PRISA-A RTS PRS/DEUR EO -780193119.9 6162139632
PRISA-A RTS PRS/D SM -780193119.9 6162139632
PRISA-A RTS PRS/DEUR EU -780193119.9 6162139632
PRISA-A RTS PRSD TQ -780193119.9 6162139632
PRISA-UNSP ADR GPOPY US -780193119.9 6162139632
PRITCHARD GROUP 3805716Z LN -40198600.41 187982923.5
PROCTER & GAMBLE 4525303Z FP -65885750.72 335937615.8
PRODRIVE HOLDING 3776836Z NA -286440.2865 111639311.2
PROMOTORA DE INF 0852003D SM -780193119.9 6162139632
PROMOTORA DE INF 1003328D SM -780193119.9 6162139632
PROMOTORA DE-ADR PTRSV US -780193119.9 6162139632
PROMOTORA DE-ADR PRIS-W US -780193119.9 6162139632
PROMOTORA DE-ADR PRIS/B-W US -780193119.9 6162139632
PROMOTORA DE-NEW 0096859D SM -780193119.9 6162139632
PROMTRACTOR-FINA PTRF RU -57517044.18 208661031
PROSTRAKAN GROUP PSK EU -9666420.197 134082602.7
PROSTRAKAN GROUP PSKEUR EU -9666420.197 134082602.7
PROSTRAKAN GROUP PSK EO -9666420.197 134082602.7
PROSTRAKAN GROUP PSK IX -9666420.197 134082602.7
PROSTRAKAN GROUP PSK LN -9666420.197 134082602.7
PROSTRAKAN GROUP PSKGBP EO -9666420.197 134082602.7
PROSTRAKAN GROUP PSK S1 -9666420.197 134082602.7
PROSTRAKAN GROUP PSK PZ -9666420.197 134082602.7
PROSTRAKAN GROUP PSKEUR EO -9666420.197 134082602.7
PROSTRAKAN GROUP PSK PO -9666420.197 134082602.7
PROSTRAKAN GROUP PKNGF US -9666420.197 134082602.7
PROSTRAKAN GROUP PSK VX -9666420.197 134082602.7
PULLMANTUR SA 301590Z SM -120068945.6 200674891.5
PUMA PREMIER LTD 2111827Z LN -1724900.386 187562614.4
Q-PARK LTD 1471762Z LN -13998966.69 211684232.1
QMH LTD QMOT LN -39143219.67 831590393.1
QPR HOLDINGS LTD LFT LN -193935862.6 120047585.7
QUABIT INMOBILIA QBT IX -33301815.13 950532329.1
QUABIT INMOBILIA QBTGBP EO -33301815.13 950532329.1
QUABIT INMOBILIA QBT TQ -33301815.13 950532329.1
QUABIT INMOBILIA QBT PZ -33301815.13 950532329.1
QUABIT INMOBILIA ZVY GR -33301815.13 950532329.1
QUABIT INMOBILIA QBMMF US -33301815.13 950532329.1
QUABIT INMOBILIA QBT EU -33301815.13 950532329.1
QUABIT INMOBILIA QBTGBX EO -33301815.13 950532329.1
QUABIT INMOBILIA ASTS PZ -33301815.13 950532329.1
QUABIT INMOBILIA QBTE L3 -33301815.13 950532329.1
QUABIT INMOBILIA QBTGBX EU -33301815.13 950532329.1
QUABIT INMOBILIA QBT EB -33301815.13 950532329.1
QUABIT INMOBILIA QBTE B3 -33301815.13 950532329.1
QUABIT INMOBILIA QBT EO -33301815.13 950532329.1
QUABIT INMOBILIA QBT S1 -33301815.13 950532329.1
QUABIT INMOBILIA QBT SM -33301815.13 950532329.1
QUABIT INMOBILIA QBTE S2 -33301815.13 950532329.1
QUEENS MOAT HSES QMTHF US -39143219.67 831590393.1
QUINN BUILDING P 3949900Z LN -18251135.25 238239265.2
QUINN GROUP LTD 166771Z ID -228834929.2 2504377123
R&R ICE CREAM LT 3624280Z LN -218326760.7 959915732.9
RADIO E TELEVISA 1227Z PL -109978276.6 477215725.6
RADIO KORASS-RTS KORAR GA -100972173.9 244951680.3
RADIO KORASSI-RT KORAD GA -100972173.9 244951680.3
RADIO KORASSIDIS RAKOF US -100972173.9 244951680.3
RADIO KORASSIDIS KORA GA -100972173.9 244951680.3
RADIO KORASSIDIS RKC GR -100972173.9 244951680.3
RADIOTRONICA SA RAD SM -14372275.23 222306266.2
RADIOTRONICA SA RDNTF US -14372275.23 222306266.2
RADIOTRONICA-RTS RAD/D SM -14372275.23 222306266.2
RAG ABWICKL-REG ROS S1 -1744186.284 217783877.8
RAG ABWICKL-REG RSTHF US -1744186.284 217783877.8
RAG ABWICKL-REG ROS1 EU -1744186.284 217783877.8
RAG ABWICKL-REG ROS GR -1744186.284 217783877.8
RAG ABWICKL-REG ROS1 EO -1744186.284 217783877.8
RAG ABWICKL-REG ROSG PZ -1744186.284 217783877.8
RAMBO A LTD 4501843Z LN -2076739509 891693401.1
RANDSTAD EMPLOYM 1585810Z LN -33905632.17 105871649.3
RBS MEZZANINE LT 2198564Z LN -111641535.2 344709233.7
RDB SPA RDBI IX -143727976.4 142633893.2
RDB SPA RDB EO -143727976.4 142633893.2
RDB SPA RDB TQ -143727976.4 142633893.2
RDB SPA RDB IM -143727976.4 142633893.2
RDB SPA RDB EU -143727976.4 142633893.2
RDB SPA RDB BQ -143727976.4 142633893.2
RDB SPA AZN GR -143727976.4 142633893.2
RDB SPA RDB PZ -143727976.4 142633893.2
REAL ESTATE OP-O REO VX -1109587250 1668412128
REAL ESTATE OP-O REO EU -1109587250 1668412128
REAL ESTATE OP-O REO EO -1109587250 1668412128
REAL ESTATE OP-O REO ID -1109587250 1668412128
REAL ESTATE OP-O REOGBP EO -1109587250 1668412128
REAL ESTATE OP-O REA GR -1109587250 1668412128
REAL ESTATE OP-O REO PZ -1109587250 1668412128
REAL ESTATE OP-O REO IX -1109587250 1668412128
REAL ESTATE OP-O REO LN -1109587250 1668412128
REAL ZARAGOZA SA 4285533Z SM -29195361.56 191997001.6
REDE FERROVIARIA 1250Z PL -2486654844 6950137352
REGARD HOLDINGS 4157517Z LN -2986461.558 138603527.1
REGUS LTD 273187Q LN -46111832.15 367181111
REGUS PLC REGSF US -46111832.15 367181111
REGUS PLC 273195Q VX -46111832.15 367181111
REGUS PLC RGU GR -46111832.15 367181111
REGUS PLC 2296Z LN -46111832.15 367181111
REGUS PLC-ADS REGS US -46111832.15 367181111
REGUS PLC-ADS RGUA GR -46111832.15 367181111
REGUS PLC-ADS REGSV US -46111832.15 367181111
REGUS PLC-ADS REGSY US -46111832.15 367181111
RENTA CORP REN1 TQ -45668469.6 171969667.7
RENTA CORP REN1USD EO -45668469.6 171969667.7
RENTA CORP REN1 EU -45668469.6 171969667.7
RENTA CORP REN1GBX EU -45668469.6 171969667.7
RENTA CORP REN1GBX EO -45668469.6 171969667.7
RENTA CORP REN1 EO -45668469.6 171969667.7
RENTA CORP REN1USD EU -45668469.6 171969667.7
RENTA CORP REN SM -45668469.6 171969667.7
RENTA CORP RENS PZ -45668469.6 171969667.7
RENTA CORP REN1 S1 -45668469.6 171969667.7
RENTA CORP REN1GBP EO -45668469.6 171969667.7
RENTA CORP RTACF US -45668469.6 171969667.7
RENTA CORP REAL RENE B3 -45668469.6 171969667.7
RENTA CORP REAL REN/D SM -45668469.6 171969667.7
RENTA CORP REAL RENE S2 -45668469.6 171969667.7
RENTA CORP REAL RENE L3 -45668469.6 171969667.7
RESEAU FERRE FRA 224063Z FP -1502193646 75168386409
RETAIL GROUP RTGR UZ -32256396.75 252571056.9
REXAM BEVERAGE C 1120903Z LN -22213349.38 126325689.5
REYAL URBIS SA REY1 EU -3401133138 2718536405
REYAL URBIS SA REY SM -3401133138 2718536405
REYAL URBIS SA REYU PZ -3401133138 2718536405
REYAL URBIS SA REY EB -3401133138 2718536405
REYAL URBIS SA REY1 IX -3401133138 2718536405
REYAL URBIS SA REY S1 -3401133138 2718536405
REYAL URBIS SA REY1 TQ -3401133138 2718536405
REYAL URBIS SA REY1 EO -3401133138 2718536405
RHODIA SA RHA BQ -72549998.76 7951479864
RHODIA SA RHAGBX EU -72549998.76 7951479864
RHODIA SA RHA EB -72549998.76 7951479864
RHODIA SA 2324015Q EO -72549998.76 7951479864
RHODIA SA RHA VX -72549998.76 7951479864
RHODIA SA RHA TQ -72549998.76 7951479864
RHODIA SA RHA NQ -72549998.76 7951479864
RHODIA SA RHAUSD EU -72549998.76 7951479864
RHODIA SA RHDI TH -72549998.76 7951479864
RHODIA SA RHA EU -72549998.76 7951479864
RHODIA SA RHD GR -72549998.76 7951479864
RHODIA SA RHA EO -72549998.76 7951479864
RHODIA SA RHA QM -72549998.76 7951479864
RHODIA SA RHAGBX EO -72549998.76 7951479864
RHODIA SA RHA IX -72549998.76 7951479864
RHODIA SA RHADF US -72549998.76 7951479864
RHODIA SA RHAY IX -72549998.76 7951479864
RHODIA SA RHDI GR -72549998.76 7951479864
RHODIA SA 2324011Q EU -72549998.76 7951479864
RHODIA SA RHAUSD EO -72549998.76 7951479864
RHODIA SA RHDAF US -72549998.76 7951479864
RHODIA SA RHANR PZ -72549998.76 7951479864
RHODIA SA RHA FP -72549998.76 7951479864
RHODIA SA RHAGBP EO -72549998.76 7951479864
RHODIA SA RHA S1 -72549998.76 7951479864
RHODIA SA RHA PZ -72549998.76 7951479864
RHODIA SA RHA GK -72549998.76 7951479864
RHODIA SA 3218857Q IX -72549998.76 7951479864
RHODIA SA - NEW 3506266Q FP -72549998.76 7951479864
RHODIA SA - NEW RHANV FP -72549998.76 7951479864
RHODIA SA - NEW 2335921Q FP -72549998.76 7951479864
RHODIA SA - NEW 3156011Q FP -72549998.76 7951479864
RHODIA SA - NEW 8125782Q FP -72549998.76 7951479864
RHODIA SA-ADR RHAYY US -72549998.76 7951479864
RHODIA SA-NON RE RHANR FP -72549998.76 7951479864
RHODIA SA-RIGHTS RHADS FP -72549998.76 7951479864
RHODIA SA-RIGHTS 653447Q FP -72549998.76 7951479864
RINOL AG RILBD B3 -1.1716 168101243
RINOL AG RIL GR -1.1716 168101243
RINOL AG RILBD L3 -1.1716 168101243
RINOL AG RILB PZ -1.1716 168101243
RINOL AG RILBD S2 -1.1716 168101243
RINOL AG RILB EO -1.1716 168101243
RINOL AG RILB S1 -1.1716 168101243
RINOL AG RILB EU -1.1716 168101243
RINOL AG RNLAF US -1.1716 168101243
RINOL AG RILB GR -1.1716 168101243
RINOL AG RILB IX -1.1716 168101243
RISANAMEN-RNC OP RNROPA IM -319999944.9 2467223105
RISANAMENTO -OPA RNOPA IM -319999944.9 2467223105
RISANAMENTO -RNC RNR IM -319999944.9 2467223105
RISANAMENTO SPA RNM S2 -319999944.9 2467223105
RISANAMENTO SPA RNGBX EU -319999944.9 2467223105
RISANAMENTO SPA RNM B3 -319999944.9 2467223105
RISANAMENTO SPA RN IM -319999944.9 2467223105
RISANAMENTO SPA RN5 GR -319999944.9 2467223105
RISANAMENTO SPA RNM L3 -319999944.9 2467223105
RISANAMENTO SPA RN EU -319999944.9 2467223105
RISANAMENTO SPA RSMNF US -319999944.9 2467223105
RISANAMENTO SPA RN EO -319999944.9 2467223105
RISANAMENTO SPA RN EB -319999944.9 2467223105
RISANAMENTO SPA RN TQ -319999944.9 2467223105
RISANAMENTO SPA RN IX -319999944.9 2467223105
RISANAMENTO SPA RNGBX EO -319999944.9 2467223105
RISANAMENTO SPA RNGBP EO -319999944.9 2467223105
RISANAMENTO SPA RN BQ -319999944.9 2467223105
RISANAMENTO SPA RN PZ -319999944.9 2467223105
RISANAMENTO-RTS RNAXA IM -319999944.9 2467223105
RISANAMENTO-RTS RNAA IM -319999944.9 2467223105
RISANAMENTO-RTS RNAXO IM -319999944.9 2467223105
RITZ HOTEL LTD/T 1274338Z LN -28035315.97 274954318.9
RIVNEAZOT RAZT UZ -144037013.2 625895879.8
ROAD MGMT CONS 1239Z LN -24814.39972 315566259.7
ROBINS & DAY LTD 1280922Z LN -5192567.357 147402645.6
ROSENTHAL AG 2644179Q GR -1744186.284 217783877.8
ROSENTHAL AG-ACC ROS4 GR -1744186.284 217783877.8
ROSENTHAL AG-ADR RSTHY US -1744186.284 217783877.8
ROSENTHAL AG-REG ROSG IX -1744186.284 217783877.8
ROSKILDE BAN-NEW ROSKN DC -532863325.9 7876605869
ROSKILDE BAN-RTS ROSKT DC -532863325.9 7876605869
ROSKILDE BANK ROSK EU -532863325.9 7876605869
ROSKILDE BANK ROSK DC -532863325.9 7876605869
ROSKILDE BANK ROSKF US -532863325.9 7876605869
ROSKILDE BANK ROSK PZ -532863325.9 7876605869
ROSKILDE BANK ROSBF US -532863325.9 7876605869
ROSKILDE BANK RKI GR -532863325.9 7876605869
ROSKILDE BANK RSKC IX -532863325.9 7876605869
ROSKILDE BANK ROSK EO -532863325.9 7876605869
ROSKILDE BANK-RT 916603Q DC -532863325.9 7876605869
ROSYTH ROYAL DOC 2184524Z LN -63165615.71 165882297.4
ROTTERDAM LEISUR 3822680Z NA -121031.0998 120401466.1
RUSSIAN TEXT-CLS ALRT* RU -15214268.73 144581794
RUSSIAN TEXT-CLS ALRTG RU -15214268.73 144581794
S&T SYSTEM I-ADR STSQY US -38840367.34 182827447.9
S&T SYSTEM INTEG STSQF US -38840367.34 182827447.9
S&T SYSTEM INTEG SNT AV -38840367.34 182827447.9
S&T SYSTEM INTEG SYA EX -38840367.34 182827447.9
S&T SYSTEM INTEG SLSYF US -38840367.34 182827447.9
S&T SYSTEM INTEG 0960262D GR -38840367.34 182827447.9
S&T SYSTEM INTEG SNTS ES -38840367.34 182827447.9
S&T SYSTEM INTEG SNTS IX -38840367.34 182827447.9
S&T SYSTEM INTEG SYAG IX -38840367.34 182827447.9
S&T SYSTEM INTEG SNTA PZ -38840367.34 182827447.9
S&T SYSTEM INTEG SNT EU -38840367.34 182827447.9
S&T SYSTEM INTEG SNT EO -38840367.34 182827447.9
SA DE SUPERMERCA 4373489Z SM -24371663.66 162581700.7
SABENA SA SABA BB -85494497.66 2215341060
SAPPI EUROPE SA 3732894Z BB -122111348.6 156331971.4
SCANDINAVIAN BRA SBS1EUR EO -15214157.39 146307717.3
SCANDINAVIAN BRA SBS1 EO -15214157.39 146307717.3
SCANDINAVIAN BRA SBSD PZ -15214157.39 146307717.3
SCANDINAVIAN BRA SBS1 BY -15214157.39 146307717.3
SCANDINAVIAN BRA SBS1 TQ -15214157.39 146307717.3
SCANDINAVIAN BRA SBS1 EU -15214157.39 146307717.3
SCANDINAVIAN BRA SBSC B3 -15214157.39 146307717.3
SCANDINAVIAN BRA SBS1EUR EU -15214157.39 146307717.3
SCANDINAVIAN BRA SBSC IX -15214157.39 146307717.3
SCANDINAVIAN BRA SBSC L3 -15214157.39 146307717.3
SCANDINAVIAN BRA SBSC S2 -15214157.39 146307717.3
SCANDINAVIAN BRA SBSC EB -15214157.39 146307717.3
SCANDINAVIAN BRA SBS DC -15214157.39 146307717.3
SCHWEIZ NATB-REG SWZNF US -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN IX -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN EB -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN TQ -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN EU -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN EO -4267161939 5.52E+11
SCHWEIZ NATB-REG SNBN SW -4267161939 5.52E+11
SCHWEIZERISCH NA SNBNZ S2 -4267161939 5.52E+11
SCHWEIZERISCH NA SNBNZ B3 -4267161939 5.52E+11
SCHWEIZERISCH NA SNBNZ L3 -4267161939 5.52E+11
SCOTTISHPOWER EN 2211292Z LN -1949039.984 1678935474
SDR CENTREST 117241Q FP -132420129 252176016.3
SDR PICARDIE 44428Q FP -135351884.3 413398133.1
SEAFRANCE SA 1707464Z FP -1015369.615 247030885.4
SEAT PAGINE SEEA LN -1824874893 1089606820
SEAT PAGINE PG1 QM -1824874893 1089606820
SEAT PAGINE PG1 EO -1824874893 1089606820
SEAT PAGINE PG VX -1824874893 1089606820
SEAT PAGINE 283147Q IM -1824874893 1089606820
SEAT PAGINE PG1GBP EO -1824874893 1089606820
SEAT PAGINE PGI1 IX -1824874893 1089606820
SEAT PAGINE PG1USD EO -1824874893 1089606820
SEAT PAGINE PG BQ -1824874893 1089606820
SEAT PAGINE PG PZ -1824874893 1089606820
SEAT PAGINE PG1GBX EO -1824874893 1089606820
SEAT PAGINE SP7 GR -1824874893 1089606820
SEAT PAGINE PG1USD EU -1824874893 1089606820
SEAT PAGINE PG1 EU -1824874893 1089606820
SEAT PAGINE PG IM -1824874893 1089606820
SEAT PAGINE PG1 NQ -1824874893 1089606820
SEAT PAGINE SPGMF US -1824874893 1089606820
SEAT PAGINE PG S1 -1824874893 1089606820
SEAT PAGINE PG1 TQ -1824874893 1089606820
SEAT PAGINE PG1 EB -1824874893 1089606820
SEAT PAGINE PG1 NR -1824874893 1089606820
SEAT PAGINE SP7A GR -1824874893 1089606820
SEAT PAGINE GIAL PGM B3 -1824874893 1089606820
SEAT PAGINE GIAL PGM S2 -1824874893 1089606820
SEAT PAGINE GIAL PGM L3 -1824874893 1089606820
SEAT PAGINE-ADR SPGMY US -1824874893 1089606820
SEAT PAGINE-RSP PGR EO -1824874893 1089606820
SEAT PAGINE-RSP 0746311D PZ -1824874893 1089606820
SEAT PAGINE-RSP PGR IX -1824874893 1089606820
SEAT PAGINE-RSP SPGBF US -1824874893 1089606820
SEAT PAGINE-RSP PGRM L3 -1824874893 1089606820
SEAT PAGINE-RSP PGRM S2 -1824874893 1089606820
SEAT PAGINE-RSP PGRM B3 -1824874893 1089606820
SEAT PAGINE-RSP PGR TQ -1824874893 1089606820
SEAT PAGINE-RSP PGR IM -1824874893 1089606820
SEAT PAGINE-RSP PGR EU -1824874893 1089606820
SEAT-PAGINE GIAL PGAP GR -84834143.26 355814760.1
SEAT-PAGINE GIAL SGLSF US -84834143.26 355814760.1
SEAT-PAGINE GIAL SPG FP -84834143.26 355814760.1
SEAT-PAGINE GIAL SPG IM -84834143.26 355814760.1
SEAT-PAGINE-RNC SPGR IM -84834143.26 355814760.1
SEATPG AXA PGAXA IM -1824874893 1089606820
SECURE INCOME RE 0991780D LN -182956902.1 2427346370
SECURE INCOME RE SIR LN -182956902.1 2427346370
SECURE INCOME RE SIRGBX EU -182956902.1 2427346370
SECURE INCOME RE SIRGBX EO -182956902.1 2427346370
SEDA DE BARCEL SEDGBX EO -716967355 694658120
SEDA DE BARCEL SED IX -716967355 694658120
SEDA DE BARCEL SDY1 GR -716967355 694658120
SEDA DE BARCEL SED TQ -716967355 694658120
SEDA DE BARCEL SEDGBX EU -716967355 694658120
SEDA DE BARCEL SED EO -716967355 694658120
SEDA DE BARCEL SED EB -716967355 694658120
SEDA DE BARCEL SED EU -716967355 694658120
SEDA DE BARCEL SED S1 -716967355 694658120
SEDA DE BARCEL SED SM -716967355 694658120
SEDA DE BARCEL SEDGBP EO -716967355 694658120
SEDA DE BARCEL-A SDB SM -716967355 694658120
SEDA DE BARCEL-B SED NR -716967355 694658120
SEDA DE BARCEL-B SDY GR -716967355 694658120
SEDA DE BARCEL-B SEDS PZ -716967355 694658120
SEDA DE BARCEL-B LSDBF US -716967355 694658120
SEDA DE BARCEL-B 0882460D TQ -716967355 694658120
SELONDA AQU-AUCT SELOE GA -52954130.32 290994550.7
SELONDA AQUACULT SELO EO -52954130.32 290994550.7
SELONDA AQUACULT SELOY B3 -52954130.32 290994550.7
SELONDA AQUACULT SELO EU -52954130.32 290994550.7
SELONDA AQUACULT SELOY S2 -52954130.32 290994550.7
SELONDA AQUACULT SELO PZ -52954130.32 290994550.7
SELONDA AQUACULT SELO GA -52954130.32 290994550.7
SELONDA AQUACULT SELOY L3 -52954130.32 290994550.7
SELONDA FISHERIE SELOR GA -52954130.32 290994550.7
SERVICE POI-RTS 3452211Q SM -92173952.82 105149402.3
SERVICE POINT SPS TQ -92173952.82 105149402.3
SERVICE POINT SPS IX -92173952.82 105149402.3
SERVICE POINT SPS EO -92173952.82 105149402.3
SERVICE POINT SPS S1 -92173952.82 105149402.3
SERVICE POINT SPS EU -92173952.82 105149402.3
SERVICE POINT SPS EB -92173952.82 105149402.3
SERVICE POINT SPS1 PZ -92173952.82 105149402.3
SERVICE POINT GPPA GR -92173952.82 105149402.3
SERVICE POINT SPS SM -92173952.82 105149402.3
SERVICE POINT SO GPCKF US -92173952.82 105149402.3
SERVICE POINT SO SPSE L3 -92173952.82 105149402.3
SERVICE POINT SO SPSL VX -92173952.82 105149402.3
SERVICE POINT SO SPSE S2 -92173952.82 105149402.3
SERVICE POINT SO SPSE B3 -92173952.82 105149402.3
SERVICE POINT SO GPP GR -92173952.82 105149402.3
SERVICE POINT SO 8230641Q SM -92173952.82 105149402.3
SERVICE POINT-N SPS/N SM -92173952.82 105149402.3
SERVICE POINT-RT SPS/B SM -92173952.82 105149402.3
SERVICE POINT-RT 2670737Q SM -92173952.82 105149402.3
SERVICE POINT-RT SVPUF US -92173952.82 105149402.3
SERVICE POINT-RT SPS/D SM -92173952.82 105149402.3
SERVICO DE SAUDE 3790200Z PL -196629155.9 607613361.3
SETON HEALTHCARE 2290Z LN -10585505.26 156827663.2
SETUZA AS 2994763Q EU -61453559.45 138581811.9
SETUZA AS 2994755Q EU -61453559.45 138581811.9
SETUZA AS 2994759Q EO -61453559.45 138581811.9
SETUZA AS SETUZA PZ -61453559.45 138581811.9
SETUZA AS 2994767Q EO -61453559.45 138581811.9
SETUZA AS SZA EX -61453559.45 138581811.9
SETUZA AS SZA GR -61453559.45 138581811.9
SETUZA AS SETU IX -61453559.45 138581811.9
SETUZA AS SETUZA CP -61453559.45 138581811.9
SEVERNAYA KAZNA SVKB* RU -65841683.17 279147737.1
SEVERNAYA KAZNA SVKB RU -65841683.17 279147737.1
SEVKABEL-FINANS SVKF RU -83036.45789 102680368.9
SFAKIANAKIS S.A. SFAY S2 -39267918.53 463104354.4
SFAKIANAKIS S.A. SFAY L3 -39267918.53 463104354.4
SFAKIANAKIS S.A. SFAY B3 -39267918.53 463104354.4
SFAKIANAKIS SA SFA GA -39267918.53 463104354.4
SFAKIANAKIS SA SFAG PZ -39267918.53 463104354.4
SFAKIANAKIS SA SFA EU -39267918.53 463104354.4
SFAKIANAKIS SA SFA EO -39267918.53 463104354.4
SFAKIANAKIS-AUC SFAE GA -39267918.53 463104354.4
SFI GROUP PLC SUF LN -108070418.7 177652965.6
SFI GROUP PLC SUYFF US -108070418.7 177652965.6
SGAL-SOCIEDADE G 4473915Z PL -121711881.8 518682472
SHEET ANCHOR FRA 4745417Z FP -1306930.585 146330806.8
SHELL ESPANA SA 4514247Z SM -293761250.9 183588746.2
SHELMAN SWH GR -8106820.918 269503085.6
SHELMAN SELMK GA -8106820.918 269503085.6
SHELMAN 3001167Q GR -8106820.918 269503085.6
SHELMAN SELMK EO -8106820.918 269503085.6
SHELMAN SELMK PZ -8106820.918 269503085.6
SHELMAN SELMK EU -8106820.918 269503085.6
SHELMAN -RTS 4466796Q GA -8106820.918 269503085.6
SHELMAN HELLENIC SELMKY B3 -8106820.918 269503085.6
SHELMAN HELLENIC SELMKY S2 -8106820.918 269503085.6
SHELMAN HELLENIC SELMKY L3 -8106820.918 269503085.6
SHELMAN-PFD SELMP GA -8106820.918 269503085.6
SHELMAN-PFD SWH3 GR -8106820.918 269503085.6
SHELMAN-RTS SELMKR GA -8106820.918 269503085.6
SIDMA SA SIDMA EU -6013172.151 182480246.2
SIDMA SA SIDMAY B3 -6013172.151 182480246.2
SIDMA SA SIDMA PZ -6013172.151 182480246.2
SIDMA SA SIDMAY S2 -6013172.151 182480246.2
SIDMA SA SIDMA EO -6013172.151 182480246.2
SIDMA SA SIDMA GA -6013172.151 182480246.2
SIDMA SA SIDMAY L3 -6013172.151 182480246.2
SIEMENS TRANSMIS 4678865Z FP -30490786.14 344619846.7
SIEMENS VAI META 4634441Z FP -1582460.45 139901607.2
SIFAS SIFAS TI -15438691.22 130603844.8
SIMED HEALTH CAR 3775544Z NA -34197.38617 130252722.2
SINNLEFFERS AG WHG GR -4491635.615 453887060.1
SIS INTL SIS DC -31099624.83 338785645.1
SIS INTL SK DC -31099624.83 338785645.1
SIS INTL-NEW SKN DC -31099624.83 338785645.1
SISAL GROUP SPA 0775998D IM -69603688.38 2259110767
SITA NV 4037469Z NA -13967000.11 1071182037
SITROL CONC-ADR STRLY US -119433664.7 940394639.1
SITROL CONC-ADR SVX EX -119433664.7 940394639.1
SKANDIA LIFE BUS 1451642Z LN -8125872.532 125021169.8
SKYEPHAR-RTS F/P SKPF VX -104472798 111306047.8
SKYEPHAR-RTS F/P SKPF LN -104472798 111306047.8
SKYEPHAR-RTS N/P SKPN LN -104472798 111306047.8
SKYEPHAR-RTS N/P SKPN VX -104472798 111306047.8
SKYEPHAR-SUB SHS 0966322D LN -104472798 111306047.8
SKYEPHARMA -SUB 2976665Z LN -104472798 111306047.8
SKYEPHARMA PLC SKP8 EO -104472798 111306047.8
SKYEPHARMA PLC SKP VX -104472798 111306047.8
SKYEPHARMA PLC SKP1 EO -104472798 111306047.8
SKYEPHARMA PLC SKP PO -104472798 111306047.8
SKYEPHARMA PLC SKPL B3 -104472798 111306047.8
SKYEPHARMA PLC SKP4 EO -104472798 111306047.8
SKYEPHARMA PLC SKP3 EO -104472798 111306047.8
SKYEPHARMA PLC SKP TQ -104472798 111306047.8
SKYEPHARMA PLC SKP7 EO -104472798 111306047.8
SKYEPHARMA PLC SKPL S1 -104472798 111306047.8
SKYEPHARMA PLC SKP IX -104472798 111306047.8
SKYEPHARMA PLC SKP6 EO -104472798 111306047.8
SKYEPHARMA PLC SKP LN -104472798 111306047.8
SKYEPHARMA PLC SKP EU -104472798 111306047.8
SKYEPHARMA PLC SKP2 EO -104472798 111306047.8
SKYEPHARMA PLC SKPGBP EO -104472798 111306047.8
SKYEPHARMA PLC SKPEUR EU -104472798 111306047.8
SKYEPHARMA PLC SKP PZ -104472798 111306047.8
SKYEPHARMA PLC SKP9 EO -104472798 111306047.8
SKYEPHARMA PLC 0746133D PZ -104472798 111306047.8
SKYEPHARMA PLC SK8C GR -104472798 111306047.8
SKYEPHARMA PLC SKPEUR EO -104472798 111306047.8
SKYEPHARMA PLC SKP BQ -104472798 111306047.8
SKYEPHARMA PLC SKPL S2 -104472798 111306047.8
SKYEPHARMA PLC SK8A GR -104472798 111306047.8
SKYEPHARMA PLC SKP EO -104472798 111306047.8
SKYEPHARMA PLC SKP10 EO -104472798 111306047.8
SKYEPHARMA PLC SKYEF US -104472798 111306047.8
SKYEPHARMA PLC SKP1 VX -104472798 111306047.8
SKYEPHARMA PLC SKP5 EO -104472798 111306047.8
SKYEPHARMA PLC SKPL L3 -104472798 111306047.8
SKYEPHARMA-ADR SKYE US -104472798 111306047.8
SKYEPHARMA-ADR SKYEY US -104472798 111306047.8
SKYEPHARMA-ADR SKYPY US -104472798 111306047.8
SKYEPHARMA-ADR SK8 GR -104472798 111306047.8
SKYEPHARMA-ADR AP80 LI -104472798 111306047.8
SKYEPHARMA-ADR SK8N GR -104472798 111306047.8
SKYEUROPE SKYP PW -89483677.73 159082240
SKYEUROPE SKY PW -89483677.73 159082240
SKYEUROPE HLDG 0619064D GR -89483677.73 159082240
SKYEUROPE HLDG SKY AV -89483677.73 159082240
SKYEUROPE HLDG SKY EO -89483677.73 159082240
SKYEUROPE HLDG SKYPLN EU -89483677.73 159082240
SKYEUROPE HLDG SKY LI -89483677.73 159082240
SKYEUROPE HLDG SKYV IX -89483677.73 159082240
SKYEUROPE HLDG SKYA PZ -89483677.73 159082240
SKYEUROPE HLDG SKURF US -89483677.73 159082240
SKYEUROPE HLDG SKYPLN EO -89483677.73 159082240
SKYEUROPE HLDG SKY EU -89483677.73 159082240
SKYEUROPE HOL-RT SK1 AV -89483677.73 159082240
SLOVENSKE ENERGE SES EU -23148900.63 177594994.7
SLOVENSKE ENERGE SES SK -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES2T L3 -23148900.63 177594994.7
SLOVENSKE ENERGE SES02 SK -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES2T B3 -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES1T B3 -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES2T S2 -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES1T S2 -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES01A PZ -23148900.63 177594994.7
SLOVENSKE ENERGE SES02 EO -23148900.63 177594994.7
SLOVENSKE ENERGE SES02 EU -23148900.63 177594994.7
SLOVENSKE ENERGE 1SES1T L3 -23148900.63 177594994.7
SLOVENSKE ENERGE SES EO -23148900.63 177594994.7
SMITHS HEIMANN S 4513283Z FP -19134635.11 123528857.5
SMITHS NEWS PLC NWS1 EU -88064132.7 447285313.7
SMITHS NEWS PLC NWS1 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS4 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS1GBP EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS LN -88064132.7 447285313.7
SMITHS NEWS PLC NWS PO -88064132.7 447285313.7
SMITHS NEWS PLC NWS11 EO -88064132.7 447285313.7
SMITHS NEWS PLC SMWPF US -88064132.7 447285313.7
SMITHS NEWS PLC NWS2 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS PZ -88064132.7 447285313.7
SMITHS NEWS PLC NWS7 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS2EUR EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS13 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS VX -88064132.7 447285313.7
SMITHS NEWS PLC NWS5 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS10 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS8 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS2GBP EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS9 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS IX -88064132.7 447285313.7
SMITHS NEWS PLC NWS12 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS6 EO -88064132.7 447285313.7
SMITHS NEWS PLC NWS2EUR EU -88064132.7 447285313.7
SNC L EQUIPE 4698761Z FP -20855303.6 128912614.3
SNCB HOLDING SNCBPD BB -893745521.6 37018974117
SNCB HOLDING SNCVP BB -893745521.6 37018974117
SNCB HOLDING-1 0742715D BB -893745521.6 37018974117
SNCB HOLDING-2 0742716D BB -893745521.6 37018974117
SNCB HOLDING-DVD 0742717D BB -893745521.6 37018974117
SNCB HOLDING-ORD 0742718D BB -893745521.6 37018974117
SNCB-JOUISSANCE 146453Z BB -893745521.6 37018974117
SNCB-PRIV HOLLAN SNCBPB BB -893745521.6 37018974117
SNCB-PRIV SUISSE SNCBPA BB -893745521.6 37018974117
SNIA BPD SN GR -141935918.3 150447396.9
SNIA BPD-ADR SBPDY US -141935918.3 150447396.9
SNIA SPA SN EU -141935918.3 150447396.9
SNIA SPA SIAI IX -141935918.3 150447396.9
SNIA SPA SN EO -141935918.3 150447396.9
SNIA SPA SNIXF US -141935918.3 150447396.9
SNIA SPA SNIB GR -141935918.3 150447396.9
SNIA SPA SN TQ -141935918.3 150447396.9
SNIA SPA SNIA GR -141935918.3 150447396.9
SNIA SPA SBPDF US -141935918.3 150447396.9
SNIA SPA SSMLF US -141935918.3 150447396.9
SNIA SPA SN IM -141935918.3 150447396.9
SNIA SPA SIAI PZ -141935918.3 150447396.9
SNIA SPA - RTS SNAAW IM -141935918.3 150447396.9
SNIA SPA- RTS SNAXW IM -141935918.3 150447396.9
SNIA SPA-2003 SH SN03 IM -141935918.3 150447396.9
SNIA SPA-CONV SA SPBDF US -141935918.3 150447396.9
SNIA SPA-DRC SNR00 IM -141935918.3 150447396.9
SNIA SPA-NEW SN00 IM -141935918.3 150447396.9
SNIA SPA-NON CON SPBNF US -141935918.3 150447396.9
SNIA SPA-RCV SNIVF US -141935918.3 150447396.9
SNIA SPA-RCV SNR IM -141935918.3 150447396.9
SNIA SPA-RIGHTS SNAW IM -141935918.3 150447396.9
SNIA SPA-RNC SNIWF US -141935918.3 150447396.9
SNIA SPA-RNC SNRNC IM -141935918.3 150447396.9
SNIA SPA-RTS SNSO IM -141935918.3 150447396.9
SNIA SPA-RTS SNAA IM -141935918.3 150447396.9
SOCIEDADE DE CON 3903002Z PL -18190940.15 130209277.6
SOCIEDADE DE TRA 1253Z PL -583270000.3 125409558.7
SOCIETE D'AGENCE 4741441Z FP -43587917.41 235960903.5
SOCIETE DES AUTO ARR1 VX -67014542.48 11134617648
SOCIETE DES AUTO ARR1 PZ -67014542.48 11134617648
SOCIETE DES AUTO ARRGBX EO -67014542.48 11134617648
SOCIETE DES AUTO ARR BQ -67014542.48 11134617648
SOCIETE DES AUTO RK9 GR -67014542.48 11134617648
SOCIETE DES AUTO SEAUF US -67014542.48 11134617648
SOCIETE DES AUTO ARRGBP EO -67014542.48 11134617648
SOCIETE DES-ADR SEAUY US -67014542.48 11134617648
SOCIETE FINANCIE SFAL FP -304909149.1 6618643415
SODERAG SDRA FP -2861533.316 404179878.4
SODERAG-NEW SDRN FP -2861533.316 404179878.4
SOGARA FRANCE 4674897Z FP -112661311.2 297852595.4
SOLOCAL GROU-RTS LOCDSEUR EU -2574016244 1103160018
SOLOCAL GROU-RTS LOCDS FP -2574016244 1103160018
SOLOCAL GROU-RTS LOCDSEUR EO -2574016244 1103160018
SOLOCAL GROU-RTS LOCDS TQ -2574016244 1103160018
SOLOCAL GROUP PAJ QM -2574016244 1103160018
SOLOCAL GROUP LOCALP L3 -2574016244 1103160018
SOLOCAL GROUP QS3 TH -2574016244 1103160018
SOLOCAL GROUP PAJ EO -2574016244 1103160018
SOLOCAL GROUP LOCAL TQ -2574016244 1103160018
SOLOCAL GROUP LOCAL FP -2574016244 1103160018
SOLOCAL GROUP PAJGBX EU -2574016244 1103160018
SOLOCAL GROUP PAJUSD EO -2574016244 1103160018
SOLOCAL GROUP QS3 GR -2574016244 1103160018
SOLOCAL GROUP PAJ GK -2574016244 1103160018
SOLOCAL GROUP LOCAL EU -2574016244 1103160018
SOLOCAL GROUP LOCALP S2 -2574016244 1103160018
SOLOCAL GROUP PAJGBX EO -2574016244 1103160018
SOLOCAL GROUP PAJUSD EU -2574016244 1103160018
SOLOCAL GROUP LOCAL IX -2574016244 1103160018
SOLOCAL GROUP PAJ BQ -2574016244 1103160018
SOLOCAL GROUP PAJ EU -2574016244 1103160018
SOLOCAL GROUP PAJ EB -2574016244 1103160018
SOLOCAL GROUP PAJ TQ -2574016244 1103160018
SOLOCAL GROUP PAJ IX -2574016244 1103160018
SOLOCAL GROUP LOCAL EB -2574016244 1103160018
SOLOCAL GROUP LOCALP B3 -2574016244 1103160018
SOLOCAL GROUP LOCAL QX -2574016244 1103160018
SOLOCAL GROUP PAJ S1 -2574016244 1103160018
SOLOCAL GROUP PAJGBP EO -2574016244 1103160018
SOLON AG FU-MEW 532564Q GR -138663225.9 627116116.4
SOLON AG FUE-NEW SOO4 GR -138663225.9 627116116.4
SOLON AG FUE-NEW SOO3 GR -138663225.9 627116116.4
SOLON AG FUE-NEW SOOJ GR -138663225.9 627116116.4
SOLON AG FUE-RTS 2292896Z GR -138663225.9 627116116.4
SOLON AG FUER SO SOO GR -138663225.9 627116116.4
SOLON AG FUER SO SOOG IX -138663225.9 627116116.4
SOLON SE SOO1 EO -138663225.9 627116116.4
SOLON SE SOON EU -138663225.9 627116116.4
SOLON SE SOO1USD EU -138663225.9 627116116.4
SOLON SE SGFRF US -138663225.9 627116116.4
SOLON SE SNBZF US -138663225.9 627116116.4
SOLON SE SOO1 GR -138663225.9 627116116.4
SOLON SE SOO1 BQ -138663225.9 627116116.4
SOLON SE SOO1 TQ -138663225.9 627116116.4
SOLON SE SOO1 PZ -138663225.9 627116116.4
SOLON SE SOO1USD EO -138663225.9 627116116.4
SOLON SE SOO1 EU -138663225.9 627116116.4
SOLON SE SOON GR -138663225.9 627116116.4
SOLON SE SOO1 TH -138663225.9 627116116.4
SOLON SE SOO1 S1 -138663225.9 627116116.4
SOLON SE SOON EO -138663225.9 627116116.4
SOLON SE-RTS 3664247Z GR -138663225.9 627116116.4
SOMERSTON HOTELS 1231735Z LN -41262222.44 103352288.9
SOMERSTON HOTELS 1167535Z LN -189322116.8 379519378.5
SONY COMPUTER EN 3893902Z LN -484038262.1 1249348085
SONY EUROPE LTD 1591658Z LN -1422571087 1480717806
SOPAF SPA SSZ HK -24220244 153759286.6
SOPAF SPA SOCAF US -24220244 153759286.6
SOPAF SPA SPF EB -24220244 153759286.6
SOPAF SPA SPF EO -24220244 153759286.6
SOPAF SPA SPF TQ -24220244 153759286.6
SOPAF SPA SOPAF US -24220244 153759286.6
SOPAF SPA SPF EU -24220244 153759286.6
SOPAF SPA SPF QM -24220244 153759286.6
SOPAF SPA SPF PZ -24220244 153759286.6
SOPAF SPA SPF IM -24220244 153759286.6
SOPAF SPA SPF BQ -24220244 153759286.6
SOPAF SPA SPFI IX -24220244 153759286.6
SOPAF SPA-NEW 97 SPF97 IM -24220244 153759286.6
SOPAF SPA-RNC SOPCF US -24220244 153759286.6
SOPAF SPA-RNC SPFN IM -24220244 153759286.6
SOPAF SPA-RT SPFOB IM -24220244 153759286.6
SOUTHERN CROSS SCHE EO -456945463.9 226544692
SOUTHERN CROSS SCHE VX -456945463.9 226544692
SOUTHERN CROSS SCHE EU -456945463.9 226544692
SOUTHERN CROSS SCHEUSD EO -456945463.9 226544692
SOUTHERN CROSS SCHEGBP EO -456945463.9 226544692
SOUTHERN CROSS SCHE PO -456945463.9 226544692
SOUTHERN CROSS SCHE IX -456945463.9 226544692
SOUTHERN CROSS SCHE LN -456945463.9 226544692
SOUTHERN CROSS SCH4 EO -456945463.9 226544692
SOUTHERN CROSS SCHE8 EO -456945463.9 226544692
SOUTHERN CROSS SCHEEUR EO -456945463.9 226544692
SOUTHERN CROSS F2Z TH -456945463.9 226544692
SOUTHERN CROSS SCHE BQ -456945463.9 226544692
SOUTHERN CROSS SCHE6 EO -456945463.9 226544692
SOUTHERN CROSS SCHE NQ -456945463.9 226544692
SOUTHERN CROSS SCHE S1 -456945463.9 226544692
SOUTHERN CROSS SCH3 EO -456945463.9 226544692
SOUTHERN CROSS SCHE4 EO -456945463.9 226544692
SOUTHERN CROSS SCHE5 EO -456945463.9 226544692
SOUTHERN CROSS SCHE EB -456945463.9 226544692
SOUTHERN CROSS SCHE7 EO -456945463.9 226544692
SOUTHERN CROSS SCHE NR -456945463.9 226544692
SOUTHERN CROSS SOCHF US -456945463.9 226544692
SOUTHERN CROSS SCHE2 EO -456945463.9 226544692
SOUTHERN CROSS SCHE TQ -456945463.9 226544692
SOUTHERN CROSS F2Z GR -456945463.9 226544692
SOUTHERN CROSS SCH5 EO -456945463.9 226544692
SOUTHERN CROSS SCHEUSD EU -456945463.9 226544692
SOUTHERN CROSS SCHE QM -456945463.9 226544692
SOUTHERN CROSS SCHEEUR EU -456945463.9 226544692
SOUTHERN CROSS SCHE3 EO -456945463.9 226544692
SOUTHERN CROSS SCHE PZ -456945463.9 226544692
SOUTHERN ELE-ADR SOELY US -267583953 1807293418
SOUTHERN ELEC 619136Q LN -267583953 1807293418
SOUTHERN ELEC-B SELB LN -267583953 1807293418
SPANAIR 1174Z SM -224908325.6 350100970.3
SPAR HAND-PFD NV SPA3 GR -442426239.7 1433020961
SPAR HANDELS-AG 773844Q GR -442426239.7 1433020961
SPAR HANDELS-AG SPHFF US -442426239.7 1433020961
SPENCER DOCK DEV 3813908Z ID -87906519 773958702
SPIE BATIGNOLLES SPIE FP -15843540.88 5280931385
SPIRE HEALTHC PL SPI1GBX EO -424420919.6 2675077678
SPIRE HEALTHC PL SPI1GBX EU -424420919.6 2675077678
SPIRE HEALTHC PL SPIL TQ -424420919.6 2675077678
SPIRE HEALTHC PL SPIL IX -424420919.6 2675077678
SPIRE HEALTHC PL S00 GR -424420919.6 2675077678
SPIRE HEALTHC PL SPIL EB -424420919.6 2675077678
SPIRE HEALTHC PL SPI LN -424420919.6 2675077678
SPIRE HEALTHCARE 1025367D LN -424420919.6 2675077678
SPORT LISBOA E B 1249Z PL -30964161.95 541880910.3
SPORT LISBOA E B SLBENU S2 -30964161.95 541880910.3
SPORT LISBOA E B SLBENU L3 -30964161.95 541880910.3
SPORT LISBOA E B SLBENU B3 -30964161.95 541880910.3
SPRINGER SCIENCE 648808Z GR -664638301.8 3767996594
SQUARE ENIX LTD 1826770Z LN -332218913.1 298496661.4
SSP GROUP LTD 3566446Z LN -315730322.4 1992289134
SSP GROUP PLC SSPGL EB -315730322.4 1992289134
SSP GROUP PLC SSPGGBX EO -315730322.4 1992289134
SSP GROUP PLC SSPG LN -315730322.4 1992289134
SSP GROUP PLC SSPGGBX EU -315730322.4 1992289134
SSP GROUP PLC 83S GR -315730322.4 1992289134
SSP GROUP PLC SSPGL S1 -315730322.4 1992289134
SSP GROUP PLC SSPGL IX -315730322.4 1992289134
ST FIACRE (FIN) 132143Q FP -1274873.644 111191494.1
ST GOBAIN SEKURI 3737571Z BB -71323279.72 142248917.8
STAGECOACH SERVI 1584258Z LN -10812732.14 260459727.4
STAPLES UK RETAI 1592994Z LN -80237154.66 170116799
START FUNDING NO 3816392Z ID -49647004.37 505142087.3
STEMCOR UK LTD 1071106Z LN -139791008 244452000
STIROL CONC -ADR SVX GR -119433664.7 940394639.1
STIROL CONC -ADR STIR009 RU -119433664.7 940394639.1
STIROL CONC -ADR SRLLY US -119433664.7 940394639.1
STIROL CONC -ADR SVXF IX -119433664.7 940394639.1
STIROL CONCERN STRLF US -119433664.7 940394639.1
STIROL CONCERN STIR UZ -119433664.7 940394639.1
STIROL CONCERN SRLLF US -119433664.7 940394639.1
STJAMES'S PLACE 4451825Z LN -69492713.34 762546232.1
STOREBRAND EIEND 4288341Z NO -1122201535 3712340671
SUMITOMO ELECTRI 4512059Z LN -20488938.23 502804063
SUN CHEMICAL LTD 2569274Z LN -7896860.334 228952115.7
SUN VALLEY FOODS 2346003Z LN -10931349.79 194740084.6
SUNDERLAND ASSOC 1274418Z LN -55274632.43 153207257.5
SUSQUEHANNA EURO 4459081Z ID -1526322048 6118562816
SUZLON WIND ENER 3985532Z DC -50030921.82 151671945.3
SUZLON WIND ENER 3809140Z SM -4604655.096 154658232.2
SVOBODNY SOKOL LMZSS RU -41208689.47 113787633.5
SWEDBANK OJSC SWED UZ -44198510.26 336243971.2
SWEDISH M-UN ADR SWMAY US -121242024.4 2205528534
SWEDISH MA-RE RT SWMASR SS -121242024.4 2205528534
SWEDISH MAT-ADR 3053566Q US -121242024.4 2205528534
SWEDISH MAT-ADR SWMA GR -121242024.4 2205528534
SWEDISH MAT-RTS SWMYR US -121242024.4 2205528534
SWEDISH MATCH SWD LI -121242024.4 2205528534
SWEDISH MATCH AB SWMA EU -121242024.4 2205528534
SWEDISH MATCH AB SWMA NQ -121242024.4 2205528534
SWEDISH MATCH AB SWMD L3 -121242024.4 2205528534
SWEDISH MATCH AB SWMA LI -121242024.4 2205528534
SWEDISH MATCH AB SWMD S2 -121242024.4 2205528534
SWEDISH MATCH AB SWMA EB -121242024.4 2205528534
SWEDISH MATCH AB SWMA SS -121242024.4 2205528534
SWEDISH MATCH AB SWMAUSD EO -121242024.4 2205528534
SWEDISH MATCH AB SWMA EO -121242024.4 2205528534
SWEDISH MATCH AB SWMA NR -121242024.4 2205528534
SWEDISH MATCH AB SWMAS S2 -121242024.4 2205528534
SWEDISH MATCH AB SWMDF US -121242024.4 2205528534
SWEDISH MATCH AB SWMA QM -121242024.4 2205528534
SWEDISH MATCH AB SWMA PZ -121242024.4 2205528534
SWEDISH MATCH AB SWM TH -121242024.4 2205528534
SWEDISH MATCH AB SWMA IX -121242024.4 2205528534
SWEDISH MATCH AB SWMAF US -121242024.4 2205528534
SWEDISH MATCH AB SWMD B3 -121242024.4 2205528534
SWEDISH MATCH AB SWMA S1 -121242024.4 2205528534
SWEDISH MATCH AB SWMA TQ -121242024.4 2205528534
SWEDISH MATCH AB SWM VX -121242024.4 2205528534
SWEDISH MATCH AB SWMAGBX EU -121242024.4 2205528534
SWEDISH MATCH AB SWMAGBX EO -121242024.4 2205528534
SWEDISH MATCH AB SWMA GK -121242024.4 2205528534
SWEDISH MATCH AB SWMAS L3 -121242024.4 2205528534
SWEDISH MATCH AB SWMA BY -121242024.4 2205528534
SWEDISH MATCH AB SWMAS B3 -121242024.4 2205528534
SWEDISH MATCH AB SWMA BQ -121242024.4 2205528534
SWEDISH MATCH AB SWMAEUR EO -121242024.4 2205528534
SWEDISH MATCH AB SWM GR -121242024.4 2205528534
SWEDISH MATCH AB SWMAUSD EU -121242024.4 2205528534
SWEDISH MATCH AB SWMAEUR EU -121242024.4 2205528534
SWEDISH MATCH AB SWMA QX -121242024.4 2205528534
SWEDISH MATCH AB SWMA SW -121242024.4 2205528534
SWEDISH MATCH AB SWMAGBP EO -121242024.4 2205528534
SWEDISH MATCH- B SWMWF US -121242024.4 2205528534
SWEDISH MATCH-B 3033P US -121242024.4 2205528534
SWIFT TECHNICAL 4287133Z LN -30630787.54 151146426.5
SWISS NATIONBANK SN SW -4267161939 5.52E+11
T BANK TBANK GA -46224213.41 3486115450
T BANK TBANK EO -46224213.41 3486115450
T BANK ASPT EU -46224213.41 3486115450
T BANK ASPT GA -46224213.41 3486115450
T BANK TBANK EU -46224213.41 3486115450
T BANK ASPT EO -46224213.41 3486115450
T BANK ASPT PZ -46224213.41 3486115450
TA TRIUMPH-A-RTS 1018916Z GR -124531131.9 313411495.3
TA TRIUMPH-ACQ TWNA GR -124531131.9 313411495.3
TA TRIUMPH-ACQ TWNA EU -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 0292922D GR -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN EU -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN PZ -124531131.9 313411495.3
TA TRIUMPH-ADLER TTZAF US -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
TABASA INFRAESTR 3747640Z SM -174949990 118045845.5
TABLEROS DE FI-N TFI/N SM -3977144.266 206497154.6
TABLEROS DE FI-R TFI/D SM -3977144.266 206497154.6
TABLEROS DE FIBR TRFSF US -3977144.266 206497154.6
TAFISA TFI SM -3977144.266 206497154.6
TAKEDA IRELAND L 4506443Z ID -223676175.6 345943597.1
TAKEDA PHARMA IR 4460049Z ID -553964898.1 178556098.5
TAKKER EUROPA AP 3972332Z DC -83653640.05 206327420.9
TALISMAN ENERGY 3641763Z NO -331083562.7 2451136755
TAP SGPS TAP PL -502548349 2178435425
TATA CHEMICALS 1626874Z LN -6488265.073 183288170.1
TATA CMMNCTNS UK 2534722Z LN -75280704 149990416
TAVEX - RTS ASA/D SM -10622070.67 655950832
TAVEX ALGODO-RTS 613781Q SM -10622070.67 655950832
TAVEX ALGODO-RTS 2773473Q SM -10622070.67 655950832
TAVEX ALGODON-NE ASA/N SM -10622070.67 655950832
TAVEX ALGODONERA ASA PZ -10622070.67 655950832
TAVEX ALGODONERA ASA EU -10622070.67 655950832
TAVEX ALGODONERA ASA EO -10622070.67 655950832
TAVEX ALGODONERA ASA SM -10622070.67 655950832
TEAM PARTNER-RTS 633323Q FP -13557467.93 129831049
TEAM PARTNER-RTS 2841653Q FP -13557467.93 129831049
TEAM PARTNERS TIP PZ -13557467.93 129831049
TEAM PARTNERS 2347985Q EO -13557467.93 129831049
TEAM PARTNERS 2347981Q EU -13557467.93 129831049
TEAM PARTNERS TIP FP -13557467.93 129831049
TEAM PARTNERS TPTRF US -13557467.93 129831049
TEAM PARTNERS TPGY IX -13557467.93 129831049
TEAM PARTNERS GR TIPA EO -13557467.93 129831049
TEAM PARTNERS GR TIPA EU -13557467.93 129831049
TEAM PARTNERS GR TIPNV FP -13557467.93 129831049
TEAM PARTNERS GR TIPA FP -13557467.93 129831049
TEAM PARTNERS GR TIPDS FP -13557467.93 129831049
TEAM PARTNERS GR TPGP IX -13557467.93 129831049
TEAM PARTNERS GR TPGP PZ -13557467.93 129831049
TEAM PARTNERS-N TIPN FP -13557467.93 129831049
TECNODIFF ITALIA 0965585D GR -89894162.82 152045757.5
TECNODIFF ITALIA TDIFF US -89894162.82 152045757.5
TECNODIFF ITALIA TDI NM -89894162.82 152045757.5
TECNODIFF ITALIA TDI IM -89894162.82 152045757.5
TECNODIFF-RTS TDIAOW NM -89894162.82 152045757.5
TECNODIFFUSIONE TDIAAW IM -89894162.82 152045757.5
TEL IT MEDIA-RTS TMERAA IM -84834143.26 355814760.1
TELECOM IT-RTS TMEAA IM -84834143.26 355814760.1
TELECOM ITAL RSP TMERM S2 -84834143.26 355814760.1
TELECOM ITAL RSP TMER EO -84834143.26 355814760.1
TELECOM ITAL RSP TMER PZ -84834143.26 355814760.1
TELECOM ITAL RSP TMERM L3 -84834143.26 355814760.1
TELECOM ITAL RSP TMERM B3 -84834143.26 355814760.1
TELECOM ITAL RSP TMER EU -84834143.26 355814760.1
TELECOM ITAL RSP TMER TQ -84834143.26 355814760.1
TELECOM ITAL RSP TMER IM -84834143.26 355814760.1
TELECOM ITAL RSP TCMN IX -84834143.26 355814760.1
TELECOM ITAL RSP TIAZF US -84834143.26 355814760.1
TELECOM ITAL-ADR TIAMY US -84834143.26 355814760.1
TELECOM ITAL-RTS TMIDS FP -84834143.26 355814760.1
TELECOM ITALIA M TME IX -84834143.26 355814760.1
TELECOM ITALIA M TME EU -84834143.26 355814760.1
TELECOM ITALIA M TCM IX -84834143.26 355814760.1
TELECOM ITALIA M TME TQ -84834143.26 355814760.1
TELECOM ITALIA M TME S1 -84834143.26 355814760.1
TELECOM ITALIA M TME QM -84834143.26 355814760.1
TELECOM ITALIA M PGA VX -84834143.26 355814760.1
TELECOM ITALIA M PGA GR -84834143.26 355814760.1
TELECOM ITALIA M TME EB -84834143.26 355814760.1
TELECOM ITALIA M TMEM S2 -84834143.26 355814760.1
TELECOM ITALIA M TMEM B3 -84834143.26 355814760.1
TELECOM ITALIA M TME NR -84834143.26 355814760.1
TELECOM ITALIA M TME IM -84834143.26 355814760.1
TELECOM ITALIA M TMI FP -84834143.26 355814760.1
TELECOM ITALIA M TME PZ -84834143.26 355814760.1
TELECOM ITALIA M TME EO -84834143.26 355814760.1
TELECOM ITALIA M TMEM L3 -84834143.26 355814760.1
TELECOM ITALIA M TMEGBX EO -84834143.26 355814760.1
TELECOM ITALIA M TCLM LN -84834143.26 355814760.1
TELECOM ITALIA M TME BQ -84834143.26 355814760.1
TELECOM ITALIA M PGA1 GR -84834143.26 355814760.1
TELECOM ITALIA M TIAMF US -84834143.26 355814760.1
TELECOM ITALIA M TME NQ -84834143.26 355814760.1
TELECOM ITALIA M PGA2 GR -84834143.26 355814760.1
TELECOM ITALIA M TMEAZA IM -84834143.26 355814760.1
TELEFONICA CABLE 4374649Z SM -13714272.04 108786240.3
TELENET GRP HLDG TNET PZ -1963967252 4661718482
TELENET GRP HLDG TNET SW -1963967252 4661718482
TELENET GRP HLDG TNETB S2 -1963967252 4661718482
TELENET GRP HLDG TNETB B3 -1963967252 4661718482
TELENET GRP HLDG TNET BQ -1963967252 4661718482
TELENET GRP HLDG TNET QX -1963967252 4661718482
TELENET GRP HLDG TNET EU -1963967252 4661718482
TELENET GRP HLDG TNET TQ -1963967252 4661718482
TELENET GRP HLDG TNET GK -1963967252 4661718482
TELENET GRP HLDG TNETUSD EU -1963967252 4661718482
TELENET GRP HLDG TNETGBX EO -1963967252 4661718482
TELENET GRP HLDG T4I TH -1963967252 4661718482
TELENET GRP HLDG TNET IX -1963967252 4661718482
TELENET GRP HLDG TNETGBX EU -1963967252 4661718482
TELENET GRP HLDG TNETUSD EO -1963967252 4661718482
TELENET GRP HLDG TNET EO -1963967252 4661718482
TELENET GRP HLDG TNETGBP EO -1963967252 4661718482
TELENET GRP HLDG TNETB L3 -1963967252 4661718482
TELENET GRP HLDG TNET S1 -1963967252 4661718482
TELENET GRP HLDG 3218105Q IX -1963967252 4661718482
TELENET GRP HLDG T4I GR -1963967252 4661718482
TELENET GRP HLDG TNET EB -1963967252 4661718482
TELENET GRP HLDG TNET MT -1963967252 4661718482
TELENET GRP HLDG TNET QM -1963967252 4661718482
TELENET GRP HLDG TNET BB -1963967252 4661718482
TELENET GRP HLDG TNET NQ -1963967252 4661718482
TELENET GRP HLDG TLGHF US -1963967252 4661718482
TELENET GRP HLDG TNET LI -1963967252 4661718482
TELENET-STRP TNETS BB -1963967252 4661718482
TELENET-UNS ADR TLGHY US -1963967252 4661718482
TELEWEST COM-ADR TWT$ LN -3702338522 7581233764
TELEWEST COM-ADR 940767Q GR -3702338522 7581233764
TELEWEST COM-ADR TWSTD US -3702338522 7581233764
TELEWEST COM-ADR TWSTY US -3702338522 7581233764
TELEWEST COMM TWT VX -3702338522 7581233764
TELEWEST COMM 604296Q GR -3702338522 7581233764
TELEWEST COMM TWSTF US -3702338522 7581233764
TELEWEST COMM 715382Q LN -3702338522 7581233764
TELEWEST COMMUNI 1608194Z LN -231755458.9 7589121370
TELEWEST COMMUNI 2188148Z LN -134462644.3 131792459.5
TELEWEST COMMUNI 1646328Z LN -411234443 843091340.2
TEMENOS UK LTD 1510258Z LN -45594601.76 174643741.6
TF1 VIDEO SASU 4516855Z FP -18656465.65 113026097.4
THALES CORPORATE 4633289Z FP -7172516.727 191896690.5
THALES CORPORATE 1083706Z LN -214805320.8 1108687019
THALES RAIL SIGN 2812334Z LN -63902524.27 110625885.3
THALES SECURITY 4701729Z FP -426153529.7 822653430.4
THALES TRANSPORT 1163839Z LN -10173988.72 253071459.5
THARISA PLC THA SJ -71816000 369281984
THEMELIODOMI THEME GA -55751173.78 232036822.6
THEMELIODOMI-AUC THEMEE GA -55751173.78 232036822.6
THEMELIODOMI-RTS THEMED GA -55751173.78 232036822.6
THEMELIODOMI-RTS THEMER GA -55751173.78 232036822.6
THOMSON REUTERS 4777193Z NO -130942490.2 119378624.6
THORN EMI PLC THNE FP -2265973885 2950096964
THORN EMI-ADR THN$ LN -2265973885 2950096964
THORN EMI-ADR TORNY US -2265973885 2950096964
THORN EMI-CDR THN NA -2265973885 2950096964
THORN EMI-REGD 1772Q GR -2265973885 2950096964
TISCALI - RTS TISAAW IM -195929423.4 324115820.8
TISCALI - RTS TIQA GR -195929423.4 324115820.8
TISCALI SPA TISN FP -195929423.4 324115820.8
TISCALI SPA TISM L3 -195929423.4 324115820.8
TISCALI SPA TISGBX EU -195929423.4 324115820.8
TISCALI SPA TIS BQ -195929423.4 324115820.8
TISCALI SPA TISM IX -195929423.4 324115820.8
TISCALI SPA TIS IX -195929423.4 324115820.8
TISCALI SPA TIS NQ -195929423.4 324115820.8
TISCALI SPA TIS VX -195929423.4 324115820.8
TISCALI SPA TIS NR -195929423.4 324115820.8
TISCALI SPA TISM B3 -195929423.4 324115820.8
TISCALI SPA TIQ1 GR -195929423.4 324115820.8
TISCALI SPA TISN NA -195929423.4 324115820.8
TISCALI SPA TIS EO -195929423.4 324115820.8
TISCALI SPA TIS IM -195929423.4 324115820.8
TISCALI SPA TISGBP EO -195929423.4 324115820.8
TISCALI SPA TISM S2 -195929423.4 324115820.8
TISCALI SPA TISN VX -195929423.4 324115820.8
TISCALI SPA TISN IM -195929423.4 324115820.8
TISCALI SPA TIQ GR -195929423.4 324115820.8
TISCALI SPA TSCXF US -195929423.4 324115820.8
TISCALI SPA TISGBX EO -195929423.4 324115820.8
TISCALI SPA TIS EB -195929423.4 324115820.8
TISCALI SPA TIS1 S1 -195929423.4 324115820.8
TISCALI SPA TISN IX -195929423.4 324115820.8
TISCALI SPA TIS NA -195929423.4 324115820.8
TISCALI SPA TIS TQ -195929423.4 324115820.8
TISCALI SPA TIS PZ -195929423.4 324115820.8
TISCALI SPA TIS EU -195929423.4 324115820.8
TISCALI SPA TIS FP -195929423.4 324115820.8
TISCALI SPA TIS QM -195929423.4 324115820.8
TISCALI SPA TIQG IX -195929423.4 324115820.8
TISCALI SPA- RTS TISAXA IM -195929423.4 324115820.8
TISCALI SPA- RTS 3391621Q GR -195929423.4 324115820.8
TIUTA PLC 3814936Z LN -56307814.14 182365274.9
TNT NV TNT TQ -837827974.3 3354049722
TNT NV TNTCHF EU -837827974.3 3354049722
TNT NV TNT EO -837827974.3 3354049722
TNT NV TNTUSD EU -837827974.3 3354049722
TNT NV TNTPLN EO -837827974.3 3354049722
TNT NV TNT EU -837827974.3 3354049722
TNT NV TNT EB -837827974.3 3354049722
TNT NV TPG NA -837827974.3 3354049722
TNT NV TPG VX -837827974.3 3354049722
TNT NV TPG GR -837827974.3 3354049722
TNT NV TNT GK -837827974.3 3354049722
TNT NV TNT VX -837827974.3 3354049722
TNT NV TNT S1 -837827974.3 3354049722
TNT NV TNT NQ -837827974.3 3354049722
TNT NV TNT BQ -837827974.3 3354049722
TNT NV TNTP IX -837827974.3 3354049722
TNT NV TNT QM -837827974.3 3354049722
TNT NV TNT NA -837827974.3 3354049722
TNT NV TNTGBX EU -837827974.3 3354049722
TNT NV TNTGBP EO -837827974.3 3354049722
TNT NV TNTAUD EU -837827974.3 3354049722
TNT NV TPGNF US -837827974.3 3354049722
TNT NV TNTPLN EU -837827974.3 3354049722
TNT NV TNT GR -837827974.3 3354049722
TNT NV TPG LN -837827974.3 3354049722
TNT NV TNTGBX EO -837827974.3 3354049722
TNT NV TPG LI -837827974.3 3354049722
TNT NV TNTAUD EO -837827974.3 3354049722
TNT NV TNTNOK EU -837827974.3 3354049722
TNT NV TNTCHF EO -837827974.3 3354049722
TNT NV TNTUSD EO -837827974.3 3354049722
TNT NV TNTNOK EO -837827974.3 3354049722
TNT NV-ADR TP US -837827974.3 3354049722
TNT NV-ADR TNT US -837827974.3 3354049722
TNT NV-ADR TPGA GR -837827974.3 3354049722
TNT POST GRP-STK TPGS NA -837827974.3 3354049722
TOORA 2916661Q EO -288811.9236 147001663
TOORA TOR PW -288811.9236 147001663
TOORA TOR PZ -288811.9236 147001663
TOORA 2916665Q EU -288811.9236 147001663
TOORA-ALLOT CERT 1025366D PW -288811.9236 147001663
TOPAZ ENERGY GRO 4508643Z ID -61682466.52 512166489.3
TOPLAND PORTFOLI 1939134Z LN -70350009.57 188623384.4
TOPPS TILES PLC TPT LN -8870544.083 142382125.3
TOPPS TILES PLC TPT6 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT S1 -8870544.083 142382125.3
TOPPS TILES PLC TPTEUR EO -8870544.083 142382125.3
TOPPS TILES PLC TPT3 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT7 EO -8870544.083 142382125.3
TOPPS TILES PLC TPTL L3 -8870544.083 142382125.3
TOPPS TILES PLC TPTGBP EO -8870544.083 142382125.3
TOPPS TILES PLC TPTJY US -8870544.083 142382125.3
TOPPS TILES PLC TPTEUR EU -8870544.083 142382125.3
TOPPS TILES PLC TPT PO -8870544.083 142382125.3
TOPPS TILES PLC TPT EB -8870544.083 142382125.3
TOPPS TILES PLC TPT9 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT EO -8870544.083 142382125.3
TOPPS TILES PLC TPTJF US -8870544.083 142382125.3
TOPPS TILES PLC TPT PZ -8870544.083 142382125.3
TOPPS TILES PLC TPT2 EO -8870544.083 142382125.3
TOPPS TILES PLC TPTL S2 -8870544.083 142382125.3
TOPPS TILES PLC TPT BQ -8870544.083 142382125.3
TOPPS TILES PLC TPT IX -8870544.083 142382125.3
TOPPS TILES PLC TPT4 EO -8870544.083 142382125.3
TOPPS TILES PLC TPTL B3 -8870544.083 142382125.3
TOPPS TILES PLC TPT5 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT TQ -8870544.083 142382125.3
TOPPS TILES PLC TPT1 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT VX -8870544.083 142382125.3
TOPPS TILES PLC TPT EU -8870544.083 142382125.3
TOPPS TILES PLC TPT10 EO -8870544.083 142382125.3
TOPPS TILES PLC TPT8 EO -8870544.083 142382125.3
TOPPS TILES-NEW TPTN LN -8870544.083 142382125.3
TORM A/S TORM PZ -103200000 1720099968
TORM A/S TORM S1 -103200000 1720099968
TORM A/S TORMEUR EO -103200000 1720099968
TORM A/S DSKBF US -103200000 1720099968
TORM A/S TORMC S2 -103200000 1720099968
TORM A/S TORM BY -103200000 1720099968
TORM A/S TORMGBP EO -103200000 1720099968
TORM A/S TORM EB -103200000 1720099968
TORM A/S TORMC L3 -103200000 1720099968
TORM A/S TORM NQ -103200000 1720099968
TORM A/S TORM DC -103200000 1720099968
TORM A/S TORM IX -103200000 1720099968
TORM A/S TORMUSD EO -103200000 1720099968
TORM A/S TORM BQ -103200000 1720099968
TORM A/S TORM QM -103200000 1720099968
TORM A/S TORM EO -103200000 1720099968
TORM A/S TORMUSD EU -103200000 1720099968
TORM A/S TORMC B3 -103200000 1720099968
TORM A/S TORMEUR EU -103200000 1720099968
TORM A/S TORMCHF EU -103200000 1720099968
TORM A/S TORM TQ -103200000 1720099968
TORM A/S D8D GR -103200000 1720099968
TORM A/S TORM EU -103200000 1720099968
TORM A/S TORMCHF EO -103200000 1720099968
TORM A/S-ADR TRMD US -103200000 1720099968
TORM A/S-ADR D8DA GR -103200000 1720099968
TORM A/S-ADR D8DB GR -103200000 1720099968
TOUGHER'S OIL DI 3807844Z ID -36877649 104267886.6
TOWER GROUP A/S TOWER EU -31099624.83 338785645.1
TOWER GROUP A/S TOWEREUR EO -31099624.83 338785645.1
TOWER GROUP A/S TOWEREUR EU -31099624.83 338785645.1
TOWER GROUP A/S TOWER BY -31099624.83 338785645.1
TOWER GROUP A/S TOWER DC -31099624.83 338785645.1
TOWER GROUP A/S SICC IX -31099624.83 338785645.1
TOWER GROUP A/S TOWER EO -31099624.83 338785645.1
TOWER GROUP A/S TOWER PZ -31099624.83 338785645.1
TOWER GROUP-NEW TOWERN DC -31099624.83 338785645.1
TOWER GROUP-RTS 3536132Q DC -31099624.83 338785645.1
TOWER GROUP-RTS TOWERT DC -31099624.83 338785645.1
TPG NV TNT LN -837827974.3 3354049722
TRADER MEDIA COR 1809857Z LN -68377500.77 1067600712
TRANSGAS SA 3794668Z PL -13556500.82 194101307.5
TRANSPORT D-NEW TNLN FP -1572304.543 109252407
TRANSPORT D-RTS TNLR FP -1572304.543 109252407
TRAVELEX HOLDING 2917958Z LN -1199322153 2381975765
TRINITY MIRROR P 1511258Z LN -132394036.6 576545175.1
TROUVAY CAUVIN ETEC FP -396977.8818 133986439.7
TROUVAY CAUVIN TVYCF US -396977.8818 133986439.7
TUBE LINES FINAN 1241207Z LN -2914999.962 2408518672
TUI UK LTD 1653824Z LN -207142395 3158921524
TUILERIES FINANC 4701769Z FP -3956981.588 125941142.6
TURKINGTON HOLDI 3801364Z LN -15589164.43 119397179.6
TUTUNBANK TUT TI -948074542.1 622746433.4
TYCZKA TOTALGAZ 4167649Z GR -19820668.04 135795251
ULSTERBUS LTD 3820392Z LN -10764138.12 304076265.4
UMBRO INTERNATIO UMBROZ HK -23446865.21 108386366.5
UNEDIC 220055Z FP -13751596343 9133559737
UNILEVER UK CENT 1273034Z LN -2756213843 12331717140
UNITEC UNION TIE 3801344Z SM -23208240.29 131217999.9
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 UPCEF US -5505478850 5112616630
UNITED PAN-EUROP UPCOF US -5505478850 5112616630
UNITED PAN-EUROP UPC VX -5505478850 5112616630
UNITED PAN-EUROP UPE1 GR -5505478850 5112616630
UNITED TEXTILES NML1 GR -163112562.6 286535432.7
UNITED TEXTILES UTEX GA -163112562.6 286535432.7
UNITED TEXTILES UTEX EU -163112562.6 286535432.7
UNITED TEXTILES NAOYK GA -163112562.6 286535432.7
UNITED TEXTILES UTEX PZ -163112562.6 286535432.7
UNITED TEXTILES NAOSF US -163112562.6 286535432.7
UNITED TEXTILES UTEX EO -163112562.6 286535432.7
UNIVEG BELGIUM 3734462Z BB -11873866.5 120521250.8
UNIVERSAL LEASIN 2581586Z LN -28689717.99 155124932.2
UNIVERSAL PICTUR 1083202Z LN -2532348.67 192370246.4
UPC HOLDING BV 3590264Z NA -14797906248 15074616529
UPP NOTTINGHAM L 1958934Z LN -41006312.76 172101149.9
URBAN SPLASH GRO 4286109Z LN -54469749.91 294837811
URBAS GRUPO FINA UBS EB -53065589.57 121242544.8
URBAS GRUPO FINA UBS S1 -53065589.57 121242544.8
URBAS GRUPO FINA UBS EO -53065589.57 121242544.8
URBAS GRUPO FINA UZY GR -53065589.57 121242544.8
URBAS GRUPO FINA UBSE B3 -53065589.57 121242544.8
URBAS GRUPO FINA UBS NR -53065589.57 121242544.8
URBAS GRUPO FINA UBSE L3 -53065589.57 121242544.8
URBAS GRUPO FINA UBS TQ -53065589.57 121242544.8
URBAS GRUPO FINA UBS EU -53065589.57 121242544.8
URBAS GRUPO FINA UBS SM -53065589.57 121242544.8
URBAS GRUPO FINA UBSE S2 -53065589.57 121242544.8
URBAS GRUPO FINA UBS IX -53065589.57 121242544.8
URBAS GUADAHERMO URBZF US -53065589.57 121242544.8
URBAS GUADAHERMO UBSS PZ -53065589.57 121242544.8
URBAS SA - RT UBS/D SM -53065589.57 121242544.8
US JUNCTION LTD 4448681Z LN -34382425.75 143550635.9
USINES CHAUSSO-B USCH FP -23067631.26 249374198.4
USINES CHAUSSON USCS FP -23067631.26 249374198.4
UTC GROUP UGR LN -11904731.18 203553741.8
UTKILEN SHIPPING 4446161Z NO -1914233.387 153603650.5
VALE DO LOBO - R 4764257Z PL -77564257.57 440086474.5
VECTURA AS 4414505Z NO -7960396.671 246417342.6
VEOLIA ES LANDFI 1377362Z LN -21590467.78 361889226.2
VEOLIA TRANSPORT 4030437Z NA -12976610.13 100639002.5
VERNEUIL PARTICI VRNL S1 -1572304.543 109252407
VERNEUIL PARTICI VRNL EB -1572304.543 109252407
VERNEUIL PARTICI VRNL IX -1572304.543 109252407
VERNEUIL PARTICI TCNP IX -1572304.543 109252407
VERNEUIL PARTICI VRNLP B3 -1572304.543 109252407
VERNEUIL PARTICI VEPA FP -1572304.543 109252407
VERNEUIL PARTICI VRNL PZ -1572304.543 109252407
VERNEUIL PARTICI VRNLP L3 -1572304.543 109252407
VERNEUIL PARTICI VRNL EU -1572304.543 109252407
VERNEUIL PARTICI VRNL FP -1572304.543 109252407
VERNEUIL PARTICI VRNL TQ -1572304.543 109252407
VERNEUIL PARTICI VRNL EO -1572304.543 109252407
VERNEUIL PARTICI VRNLP S2 -1572304.543 109252407
VESTAS TECHNOLOG 1665752Z LN -9443098.721 125412602
VETERIN - RIGHTS VETR GA -1446551773 135183840.6
VIA CAVOUR SRL 3997892Z IM -1947582.88 168856438.8
VIALTIS 4730449Z FP -2969942.626 141404113.3
VINK HOLDINGS LT 4380233Z LN -13477512.44 132006628.3
VION FOOD GROUP 661873Z NA -34576140.07 2937603388
VION HOLDING NV 3899346Z NA -34576140.07 2937603388
VIOTER VIOTF US -9837036.58 184426179.8
VIOTER S.A.-RTS BIOTR GA -9837036.58 184426179.8
VIOTER SA-AUCTIO BIOTE GA -9837036.58 184426179.8
VIRGIN HOTELS GR 4288389Z LN -30191617.1 109996972.6
VIRGIN MOB-ASSD VMOC LN -392176531.7 166074713.7
VIRGIN MOB-ASSD VMOA LN -392176531.7 166074713.7
VIRGIN MOBILE VMOB PO -392176531.7 166074713.7
VIRGIN MOBILE VGMHF US -392176531.7 166074713.7
VIRGIN MOBILE UEM GR -392176531.7 166074713.7
VIRGIN MOBILE VMOB VX -392176531.7 166074713.7
VIRGIN MOBILE HO VMOB LN -392176531.7 166074713.7
VIRIDOR WASTE EX 1428546Z LN -22087452.25 120614872.4
VNG NORGE AS 4513147Z NO -87651824.24 256963958.9
VOLGOGAZ-BRD VLGG RU -7710563.18 198473012.5
VOLGOGAZ-BRD VLGG* RU -7710563.18 198473012.5
VOLGOGRAD - PFD VGSBP RU -23680279.45 368752507.8
VOLGOGRAD - PFD VGSBP RM -23680279.45 368752507.8
VOLGOGRAD - PFD VGSBP* RU -23680279.45 368752507.8
VOLGOGRAD - PFD VGSBPG RU -23680279.45 368752507.8
VOLGOGRAD ENERGO VGSB RU -23680279.45 368752507.8
VOLGOGRAD ENERGO VGSB RM -23680279.45 368752507.8
VOLGOGRAD ENERGO VGSB* RU -23680279.45 368752507.8
VOLGOGRAD ENERGO VGSBG RU -23680279.45 368752507.8
VOLGOGRAD KHIM VHIM RU -126558518.8 153595253.5
VOLGOGRAD KHIM VHIM* RU -126558518.8 153595253.5
VOLKERWESSELS BO 4062101Z NA -47509.2001 172069084.8
VOLUTION GROUP FANGBX EU -38034452.35 359782466.5
VOLUTION GROUP FANL EB -38034452.35 359782466.5
VOLUTION GROUP FANL S1 -38034452.35 359782466.5
VOLUTION GROUP VO1 GR -38034452.35 359782466.5
VOLUTION GROUP FANGBX EO -38034452.35 359782466.5
VOLUTION GROUP FANL IX -38034452.35 359782466.5
VOLUTION GROUP FAN LN -38034452.35 359782466.5
VOLUTION GROUP P 4453393Z LN -38034452.35 359782466.5
VORWERK & CO KG VORW GR -1423024.853 5009284697
VOYAGE GROUP LTD 4168725Z LN -89544630.84 572211682.5
VT SUPPORT SERVI 1761897Z LN -3791466.085 345328841.8
VUE ENTERTAINMEN 4514631Z LN -116156914 894935082.8
W2005 W2007 CARN 3824100Z NA -90774192.62 313655754.3
WARNER CHILCOT-A G3LA TH -427000000 3832000000
WARNER CHILCOT-A WCRX US -427000000 3832000000
WARNER CHILCOT-A G3L GR -427000000 3832000000
WARNER CHILCOT-A G3LA GR -427000000 3832000000
WARNER MUSIC GRO 3809048Z ID -104416.9967 209719016.9
WATERFORD - RTS WWWA GR -505729895.2 820803256
WATERFORD - RTS WWWB ID -505729895.2 820803256
WATERFORD - RTS 508523Q LN -505729895.2 820803256
WATERFORD - RTS WWWB GR -505729895.2 820803256
WATERFORD - RTS WWWA ID -505729895.2 820803256
WATERFORD - RTS 508519Q LN -505729895.2 820803256
WATERFORD CRYSTA 4459209Z ID -150437387.1 114109583.5
WATERFORD W-ADR WATWY US -505729895.2 820803256
WATERFORD WDGEWD WATFF US -505729895.2 820803256
WATERFORD WDGEWD WATWF US -505729895.2 820803256
WATERFORD WE-RTS WTFN ID -505729895.2 820803256
WATERFORD WE-RTS WTFF LN -505729895.2 820803256
WATERFORD WE-RTS WTFN VX -505729895.2 820803256
WATERFORD WE-RTS WTFN LN -505729895.2 820803256
WATERFORD WE-RTS WTFF ID -505729895.2 820803256
WATERFORD WED-RT WWWC ID -505729895.2 820803256
WATERFORD WED-RT WWWD ID -505729895.2 820803256
WATERFORD WED-RT WTFR LN -505729895.2 820803256
WATERFORD WED-RT WWWC GR -505729895.2 820803256
WATERFORD WED-RT WWWD GR -505729895.2 820803256
WATERFORD WED-RT 586552Q LN -505729895.2 820803256
WATERFORD WED-RT 586556Q LN -505729895.2 820803256
WATERFORD WED-UT WTFU LN -505729895.2 820803256
WATERFORD WED-UT WTFU IX -505729895.2 820803256
WATERFORD WED-UT WWWD PZ -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EU -505729895.2 820803256
WATERFORD WED-UT WTFU VX -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EO -505729895.2 820803256
WATERFORD WED-UT WWW GR -505729895.2 820803256
WATERFORD WED-UT WTFU EO -505729895.2 820803256
WATERFORD WED-UT WTFU ID -505729895.2 820803256
WATERFORD WED-UT WWW PO -505729895.2 820803256
WATERFORD WED-UT WTFU PO -505729895.2 820803256
WATERFORD WED-UT WTFU EU -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
WATSON & PHILIP WTSN LN -120493900 252232072.9
WEPA LILLE SAS 4752385Z FP -2548678.548 108654870.9
WESCOT TOPCO LTD 4007020Z LN -24133448.87 109740838.3
WEST HAM UNITED 1275834Z LN -180012199.9 135176063.9
WESTA INTERNATIO WESW S2 -58977000 246270000
WESTA INTERNATIO WESW L3 -58977000 246270000
WESTA INTERNATIO WESW B3 -58977000 246270000
WESTAISIC WESPLN EO -58977000 246270000
WESTAISIC WES PW -58977000 246270000
WHELCO HOLDINGS 2741744Z LN -1295294.241 100785295.7
WHITE HART LANE 2004631Z LN -1123372.612 151053464.8
WILLIAM HILL CRE 1068754Z LN -1909844.938 260315941.5
WILLIAM HILL-W/I 101001Q LN -59180694.37 1343662688
WILLIAM HILL-W/I 605547Q US -59180694.37 1343662688
WINCANTON PL-ADR WNCNY US -445194319.3 781800711.2
WINCANTON PLC WIN1USD EO -445194319.3 781800711.2
WINCANTON PLC WINL S2 -445194319.3 781800711.2
WINCANTON PLC WIN1USD EU -445194319.3 781800711.2
WINCANTON PLC WIN1 BQ -445194319.3 781800711.2
WINCANTON PLC WIN1 EO -445194319.3 781800711.2
WINCANTON PLC WIN1EUR EO -445194319.3 781800711.2
WINCANTON PLC WNCNF US -445194319.3 781800711.2
WINCANTON PLC WIN IX -445194319.3 781800711.2
WINCANTON PLC WIN PZ -445194319.3 781800711.2
WINCANTON PLC WIN1 TQ -445194319.3 781800711.2
WINCANTON PLC WIN PO -445194319.3 781800711.2
WINCANTON PLC WIN VX -445194319.3 781800711.2
WINCANTON PLC WIN1 S1 -445194319.3 781800711.2
WINCANTON PLC WIN8 EO -445194319.3 781800711.2
WINCANTON PLC WIN10 EO -445194319.3 781800711.2
WINCANTON PLC WINL B3 -445194319.3 781800711.2
WINCANTON PLC WIN9 EO -445194319.3 781800711.2
WINCANTON PLC WIN7 EO -445194319.3 781800711.2
WINCANTON PLC WIN5 EO -445194319.3 781800711.2
WINCANTON PLC WIN1GBP EO -445194319.3 781800711.2
WINCANTON PLC WIN4 EO -445194319.3 781800711.2
WINCANTON PLC WIN1EUR EU -445194319.3 781800711.2
WINCANTON PLC WINL L3 -445194319.3 781800711.2
WINCANTON PLC WIN11 EO -445194319.3 781800711.2
WINCANTON PLC WIN1 NQ -445194319.3 781800711.2
WINCANTON PLC WIN1 QM -445194319.3 781800711.2
WINCANTON PLC WIN1 EU -445194319.3 781800711.2
WINCANTON PLC WIN LN -445194319.3 781800711.2
WINCANTON PLC WIN1 EB -445194319.3 781800711.2
WINCANTON PLC WIN6 EO -445194319.3 781800711.2
WINCANTON PLC WIN13 EO -445194319.3 781800711.2
WINCANTON PLC WIN12 EO -445194319.3 781800711.2
WINDSOR TELEVISI 1475394Z LN -285930662.4 328647122.1
XCHANGING UK LTD 1814130Z LN -63394768.74 447098103.7
XFERA MOVILE SA 1236Z SM -136161367.5 1448667759
XSTRATA SERVICES 1975918Z LN -2581782.821 151944610.4
YANG MING UK LTD 1756777Z LN -82951196.78 273789409.4
YASARBANK YABNK TI -948074542.1 622746433.4
YELL GROUP PLC YELL NQ -2257521127 2120614224
YELL GROUP PLC YELL PO -2257521127 2120614224
YELL GROUP PLC YELL VX -2257521127 2120614224
YELL GROUP PLC YELL PZ -2257521127 2120614224
YELL GROUP PLC YELL LN -2257521127 2120614224
YELL GROUP- SUB 3449192Z LN -2257521127 2120614224
YELL LTD 1941670Z LN -910931167.6 1175550564
YORK REFRIGERATI 1846666Z LN -33510192.51 1093012767
YPSO FRANCE SAS 711227Z FP -603437932.8 3840966218
YUASA BATTERY UK 1449090Z LN -7606058.565 109145700.5
ZERNOVAYA KOMPAN ONAST RU -27299614.73 611985879.9
ZIL AUTO PLANT ZILL$ RU -313328054.5 427801545.9
ZIL AUTO PLANT-P ZILLP* RU -313328054.5 427801545.9
ZIL AUTO PLANT-P ZILLP RU -313328054.5 427801545.9
ZIL AUTO PLANT-P ZILLP RM -313328054.5 427801545.9
ZINVEST FASHION 3775412Z NA -296493.9562 180637333.9
ZKD-BRD ZKRD RU -21744775.12 136822054.1
ZKD-BRD ZKRD* RU -21744775.12 136822054.1
ZURICH EMPLOYMEN 1292298Z LN -571647918 152143800.5
ZVON ENA HOLDING ZVHR PZ -304033160.5 774883403.9
ZVON ENA HOLDING ZVHR EU -304033160.5 774883403.9
ZVON ENA HOLDING ZVHR SV -304033160.5 774883403.9
ZVON ENA HOLDING ZVHR EO -304033160.5 774883403.9
ZWINGER OPCO 6 B 3821644Z NA -103722296.7 611138495.1
*********
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.
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., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2014. 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$775 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 Peter Chapman at 215-945-7000 or Nina Novak at
202-362-8552.
* * * End of Transmission * * *