Entity: AXA SA (AXA) Exposure: Less than EUR100 million Date of disclosure: Dec. 15 Notes: n/a Entity: Banco Bilbao Vizcaya Argentina SA (BBV) Exposure: EUR300 million Date of disclosure: Dec. 15 Notes: BBV reiterated it doesn't have direct exposure to Madoff, but would face losses of EUR300 million if Madoff funds were found not to exist. Entity: Banco Espanol de Credito SA (BTO.MC) Exposure: EUR2 million Date of disclosure: Dec. 15 Notes: Banesto said the EUR2 million is included in the EUR2.33 billion already disclosed by its parent company, Banco Santander SA (STD). Of the EUR2 million, EUR400,000 corresponds to hedge fund customers and EUR1.6 million corresponds to structured deposit customers. Entity: Banque Benedict Hentsch Exposure: CHF56 million ($48.8 million) Date of disclosure: Dec. 15 Notes: Banque Benedict Hentsch bought back its capital from Fairfield Greenwich after disclosing its exposure. The deal unwinds a three-month partnership. Entity: Barclays PLC (BCS) Exposure: "minimal" Date of disclosure: Dec. 15 Notes: Barclay's exposure is "fully collateralized." Entity: Bramdean Alternatives Exposure: 9% of portfolio invested in Madoff funds Date of disclosure: Dec. 15 Notes: Investments were in Madoff's Defender and Rye Select Broad Market XL Portfolio. Entity: Clal Insurance Enterprises Holdings Ltd. (CLIS.TV) Exposure: ILS12 million, or $3.1 million Date of disclosure: Dec. 15 Notes: n/a Entity: CNP Assurances (12022.FR) Exposure: No direct exposure; indirect exposure of EUR3 million via a fund of funds Date of disclosure: Dec. 15 Notes: n/a 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: Credit Suisse is 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: Fortis (NL) NV (30086.AE) Exposure: Up to EUR1 billion Date of disclosure: Dec. 15 Notes: n/a Entity: Groupama S.A. 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 unit Date of disclosure: Dec. 15 Notes: n/a

Publié le 26 Décembre 2008 Copyright © 2008 Dowjones