Entity: Credit Agricole S.A. (4507.FR) Exposure: Less than EUR10 million Date of disclosure: Dec. 15 Notes: n/a Entity: Credit Suisse (CS) Exposure: "No material direct exposure" Date of disclosure: Dec. 15 Notes: Reviewing if any client funds affected. Entity: Dexia S.A. (DEXB.BT) Exposure: No direct investments; private banking clients have EUR78 million exposure to funds primarily invested in Madoff funds. Dexia has gross EUR164 million indirect exposure through partially collateralized lending operations to funds exposed to Madoff funds. Date of disclosure: Dec. 15 Notes: If the value of the assets managed by Madoff Investment Securities were nil, the above mentioned lending operations could trigger an after tax loss of about EUR85 million for Dexia. Entity: EIM SA Exposure: $230 million Date of disclosure: Dec. 15 Notes: n/a Entity: Fairfield Greenwich Group Exposure: About $7.5 billion, mostly through the Fairfield Sentry hedge fund. Date of disclosure: Dec. 15 Notes: $7.5 billion is slightly more than half of total assets. Entity: Fortis (NL) NV (FORA.AE) Exposure: Up to EUR1 billion Date of disclosure: Dec. 15 Notes: n/a Entity: Groupama S.A. (GAN.YY) Exposure: Less than EUR10 million Date of disclosure: Dec. 15 Notes: n/a Entity: Harel Insurance Investments & Financial Services Ltd. (HARL.TV) Exposure: ILS55 million Date of disclosure: Dec. 15 Notes: n/a Entity: Jewish Community Foundation of Los Angeles Exposure: $18 million via Common Investment Pool Date of disclosure: Dec. 15 Notes: Investment represents less than 5% of foundation's assets. Entity: KBC group NV (KBC.BT) Exposure: No direct exposure; some indirect exposure through collateralized loans, but the exposure is very limited and immaterial to KBC's earnings. Date of disclosure: Dec. 15 Notes: KBC has also made some loan advances to institutional customers who have invested in funds managed by Madoff Investment Securities, but this shouldn't have any material impact either, the company said. Entity: Man Group PLC (EMG.LN) Exposure: $360 million Date of disclosure: Dec. 15 Notes: Invested in funds directly and indirectly sub-advised by Madoff Securities and for which Madoff acts as broker-dealer. Madoff investment represents 1.5% of the company's RMF fund-of-funds business's funds under management and 0.5% of funds under management for Man Group itself. Entity: Mediobanca SpA (MB.MI) Exposure: $671,000 via its Compagnie Monegasque de Banque Date of disclosure: Dec. 15 Notes: n/a Entity: Natixis (12068.FR) Exposure: Estimated indirect net maximum EUR450 million Date of disclosure: Dec. 15 Notes: Natixis says it didn't make direct investment in Madoff-managed funds; some investments made on behalf of customers could have ended up being managed by Madoff. Entity: Neue Privat Bank Exposure: Around $5 million invested in a certificate based on a hedge fund with exposure to Madoff. Date of disclosure: Dec. 15 Notes: n/a Entity: Nordea Bank AB (NDA.SK) Exposure: EUR48 million Date of disclosure: Dec. 15 Notes: Exposure is through Fairfield Greenwich's Fairfield Sentry; amount represents 0.2% of assets under management. Entity: Royal Bank of Scotland Group PLC (RBS) Exposure: GBP400 million Date of disclosure: Dec. 15 Notes: Exposure to Madoff is through trading, collateralized lending. Entity: Societe Generale SA (13110.FR) Exposure: Less than EUR10 million Date of disclosure: Dec. 15 Notes: n/a Entity: St. Galler Kantonalbank's (SGKN.EB) private Hyposwiss bank Exposure: Hyposwiss said $50 million, roughly 0.1% of its overall assets, was invested in Madoff products through managed accounts. Another $100 million is exposed through clients who chose to invest in Madoff funds. Date of disclosure: Dec. 15 Notes: St. Galler Kantonalbank said its financial situation and liquidity aren't hurt by Hyposwiss' exposure. Entity: UBS AG (UBS) Exposure: "No material exposure" Date of disclosure: Dec. 15 Notes: "Limited and insignificant counterparty exposure;" "Global asset management doesn't have material exposure."

Publié le 16 Décembre 2008 Copyright © 2008 Dowjones