Sunday, May 19, 2024 4:08:21 PM
There's Lots of Good Stuff in Here;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174449125
Also, From Note 13' ... ya gotta luv this stuff' ... "the WMB Notes, equal the Euro Covered Bond Program" ... LOL' ... $20,000,000,000.00 ... LOL' ... that's a lot of cabbage' LOL' ...
https://www.sec.gov/Archives/edgar/data/933136/000000000008022550/filename1.pdf
11. We refer to the Company’s 20 billion Euro Covered Bond Program under which
the Company has outstanding 7.74 billion Euros of covered bonds as of December
31, 2007. We note the Covered Bond Program is structured as follows:
• The Euro-denominated Covered Bonds are issued by a nonaffiliated statutory
trust.
• The Covered Bonds are secured by floating rate US dollar-denominated
mortgage bonds issued by the Company to the statutory trust.
• The mortgage bonds are secured by the Company’s portfolio of residential
mortgage loans.
• The statutory trust is not consolidated in the financial statements as stated in
the “Liquidity Risk and Capital Management, Liquidity Risk” section on
page 69.
ol' cactus has been' ... "Dug In", ... "Like a Tic on a Mule Deer" ... LOL'
=================
it's all good ... just ... ~ Watch Your Six ~ ... is all ... and most importantly, ... know this,
and there's always' been these' ...
just sayin'
AZ
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