Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

How many times this question will be asked?

Cts are indeed a preferred vehicle and therefore part of OBS.

The claim 10-B is in fact, a debt claim (creditor claim) by the trust that will be discharged because there is no money to pay it.

There is no money to pay it because the asset is short of many billions to pay the more senior creditors in full.

(This is the most basic explanation I can do).