The Barclays transaction included $2.5B in securities to be assumed by Barclays "intended as compensation to ex-Lehman employees who went to employment at Barclays relating to the transaction."
Would anyone happen to know what securities these would be?
If the Barclays payment was $1.7B & assumed $2.5B is Lehman issued securities, the Lehman Balance Sheet could change differently.
However, I'm not sure from the statements I've read that the $2.5B in securities can be moved from the Lehman Balance Sheet as Shareholder Equity or that they are moved from the Lehman Balance Sheet as Current Assets.
Is there a reason we cannot believe these securities include the $1.2B CTs?
If they are the CTs, it could explain why they are considered "not to be a part of the Bankruptcy."
But, I don't know why Barclays could keep them without paying them.
Lastly, I would have to re-think the NOL contribution if they are related to the CTs trading.
Market Data 
Markets 
AI
