It doesn't come to LBHI like a transfer from LBIE <-> LBI. I've been trying to politely inform you LBIE is consolidated into the balance sheet of LBHI. Thus if LBIE is doing a Repo 105 transaction where assets were transferred from LBI (US) per the opinion of the UK Linklaters legal stipulations on Repo 105 and that transfer of US-based LBI assets are then sold by LBIE to a Counterparty, they disappear from LBHI's books as soon as LBIE books relinquish control to the counterparty to hold the asset for 7-10 days. Immediately the cash that the counterparty sends to LBIE is automatically on the asset side of the LBHI balance sheet - because it's in the LBIE books and LBIE's book is consolidated in LBHI's balance sheet. This is in every report made by LBHI to the SEC. Now, the rest of Repo 105 need not be explained to make this point.
If "19M ECAPS (distributions from the Administration of LBH PLC) ended up in LBHI's quarterly report," you must grasp that LBHI is not holding the money itself nor is it "transferred" - the report you're looking at is money consolidated from the books of one of the two UK admin subsidiaries and then consolidated as part of LBHI's balance sheet. The "money" you talk about is not yet disbursed from LBH PLC to the shareholders managed by the Joint Administrators appointed to the LBH PLC administration. There is specific documentation from what you're describing that the "money excluded from the cash available to disburse to Class 10A ECAPS I II and III claims in LBHI PT distribution notices is because they are investing that cash in short term investment grade products like Treasuries to gain interest on the total amount of cash they have before the appointed joint administrators are ready to disburse cash from LBH PLC's ECAPS I II and III bond holders. Just like ongoing litigation with potential recoveries from LBIE v AGFP, that amount of cash is not yet in LBIE's possession until they win an appeal, in the same instance - though it is not disbursed like the cash you call excluded, as soon as LBIE receives the cash in potential winning the appeal and ending the litigation > it is also on the balance sheet of LBHI and would show in any sort of notice of distributions as cash for whomever the CH 11 class is set to pay out in order of the consolidated LBH PLC ECAPS claims Class 10A or perhaps to the LBH Capital Trust III, IV, V, and VI issued TruPS (LEHNQ and the three others) to start paying their 10.334B in eligible claims. You also point out my explanation of what the LBH PLC money not yet ready for joint administrators to disburse to ECAPS I II III bondholders (Class 10 A) is doing in the LBHI balance sheet's specified accounting which consolidates both LBH PLC and LBIE's broker-dealer book in it's balance sheet. The growth is from the very investment I described to you that they put that cash not ready for PwC UK's appointed joint admin to dsitribute yet to Class 10A claims so the total amount of money for that class is now 57M USD being invested in short term investment grade things like AAA rated US Treasuries.
The 142M number you have you must be more specific, and the 179M USD for the distribution if you mean LBHI PT 28th distribution on April 4th could be for US subsidiaries issued assets or inter-company lending from LBHI to its subsidiaries in the US to Europe - it could be for the LBH PLC Tier X and Tier Y money to pay ECAPS holders something like 94% of the Tier X round money allocated for that distribution and the 6% to LBHI from LBH PLC's intercompany lending from it's parent it still had not yet paid back because of the order of the overall LBHI PT Classes and who gets paid first. However what you need to understand is that nothing "moves to LBHI"... If LBH PLC issued ECAPS I II and III and since they are not reg with DTCC, the claims are made by a deadline by any of their individual ECAPS bond holders. Then 2 months from that notice the LBH PLC distributions to ECAPS and LBHI in "Tier X" (Y, etc) LBHI will have the money it receives from the distribution already consolidated in it's balance sheet and then be able to distribute or hold on to it for it's own distributions. The money distributed to the ECAPS holders who filed claims before the deadline get their cash and the money ultimately under LBHI balance sheet which was held in the UK (never moved to "LBHI") is removed from the LBHI balance sheet as it is also paid out not from LBHI and transferred from new york but rather just paid out and transferred to whichever brokerage account of bank the claimant filed with his ECAPS claim.
You don't grasp the fact that while the money may leave from the books of LBIE or be distributed from LBH PLC issued ECAPS bonds and claims on LBH PLC both of their financials are rolled into ever LBHI report to the SEC from the parent. By paying down what is owed from a subsidiary administration to a subsidiary issued bond that is consolidated into the parent LBHI balance sheet, LBHI the ultimate parent holdco of these UK administrations, LBI's books etc - LBHI also pays down it's own liabilities by counting the money distributed to ECAPS holders as part of LBHI's % paid toward Class 10A claims eligible for these distributions.
It's not separate. The is a non-bank financial institution so there's no "account transfer" going on, this is merely book keeping in fact you can probably find the different banks being used or even where the invested cash not yet ready to be distributed is being held wherever the money for LBH PLC distributions thru LBIE's books makes a purchase of gilts in the UK or in the US where any cash LBHI has not ready for disbursement to claims is invested in Treasuries and held in account at somewhere like BNY or JPMorgan Chase Manhattan Bank, N.A.
I'm giving you a general idea of what a consolidated balance sheet you're seeing in these LBHI PT SEC filings/distribution notices include and that nothing is transferred "to LBHI" from the UK subsidiaries, rather what is in eithers books, etc is immediately rolled up into the LBHI balance sheet you are looking at.
Please stop trying to say everyone is dumb and you are 100% right. This is a simple explanation for your benefit. I am not doing this to "win" - I just want you to quit spamming trying to prove how "Right" you are.
Who the hell cares?
Just clarifying 336 pages of Examiner reports on how LBHI as the global parent rolls up it's subsidiaries books into its own balance sheet and SEC reports. Now enough of your crusade and anger. Please stop teaching something that no one is asking you to prove.
