Lehman Brothers Financial SA (LEHNQ)

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Got to Love Page 9.
Title Due from Affiliates.
From reporting
QUARTERLY FINANCIAL REPORT

AS OF DECEMBER 31, 2023

Quarterly Financial Report as of December 31, 2023 (Unaudited)


Note 2 – Due from Non-Controlled Affiliates

The following table presents, on an aggregate basis for LBHI and LBHI-Controlled Affiliates, admitted or agreed filed claims against Non-Controlled Affiliates, Collections To Date, aggregate Maximum Potential Recovery, and aggregate remaining Estimated Recoveries:

$ in millions
Local
Currency

Admitted or
Agreed Claims
in Local
Currency Collections
To Date in
Local
Currency Admitted or
Agreed Claims
in USD Collections To
Date in USD
Maximum
Potential
Recovery in
USD (1)


Estimated
Recoveries in
USD (2)

Europe


LBH PLC - Subordinated Debt and Related Agreements (3)

GBP 1,061 (15 ) 1,350 (19 ) Not included (2)
Lehman Brothers Finance S.A.

CHF 11,092 (2,308 ) 13,189 (2,745 )
LBH PLC - Senior (4)

GBP 402 (308 ) 512 (392 )
Thayer Properties Limited

GBP 172 (103 ) 219 (132 )
LB (PTG) Ltd

GBP 171 (94 ) 217 (119 )
Lehman Brothers Limited (4)

GBP 155 (131 ) 197 (167 )


Europe - All Other (4)

14,334 (3,555 ) 219


Total Europe

15,685 (3,574 ) 1,624 219


Asia


LB Commercial Corp. Asia Limited

HKD 19,479 (12,114 ) 2,494 (1,551 )
LB Asia Pacific (Singapore) PTE

SGD 936 (563 ) 709 (427 )
LB Investments PTE Ltd

SGD 805 (522 ) 610 (395 )
Lehman Brothers Australia Ltd

AUD 114 (85 ) 76 (56 )
Other

80 (71 )



Total Asia

3,969 (2,500 ) 47 5










Total

$ 19,654 $ (6,074 ) $1,672 $224




https://www.sec.gov/Archives/edgar/data/806085/000119312524081676/d803638dex991.htm

ALL IN OR NOTHING.

COULD BE THAT THE AFFILIATES ARE IN BK THEMSELVES.!!!
And the outlook is negative.