Replies to post #2608 on Lehman Brothers Financial SA (LEHNQ)

[linda1]

I will have to compare it with the Lehman Plan to say for sure but I think you may be close.

[linda1]

I have some new figures and calculations for you now -




TOTAL ESTIMATED ALLOWED CLAIMS IN LEHMAN PLAN - $339,680,000,000


TOTAL ESTIMATED ALLOWED CLAIMS IN CREDITORS' PLAN - $291,236,000,000




NEW CREDITORS' PLAN REDUCES TOTAL ESTIMATED ALLOWED CLAIMS BY $ 48,444,000,000.




CLASS 6 OF LBHI - AND CLASS 4 OF SUBS - INTERCOMPANY CLAIMS - $ 27,459,000,000 - LESS CLAIMS


CLASS 7 - THIRD-PARTY GUARANTEE CLAIMS - $ 21,515,000,000 - LESS CLAIMS


CLASS 8 - AFFILIATE GUARANTEE CLAIMS - $ 530,000,000 - MORE CLAIMS



$27,459,000,000 + $21,515,000,000 = $48,974,000,000 - $530,000,000 = $48,444,000,000




INTERCOMPANY CLAIMS ARE REDUCED BY $27,459,000,000


THIRD-PARTY GUARANTEE CLAIMS ARE REDUCED BY $21,515,000,000


AFFILIATE GUARANTEE CLAIMS ARE INCREASED BY $530,000,000

[linda1]

I am sorry - I made an error - in reviewing further Exhibits and footnotes I find that the Third-Party Guarantee Claims - Class 7 - has actually increased a little in claim amounts and the Affiliate Guarantee Claims - Class 8 - has been eliminated.



My confusion was Class 13A-N - which is for " Designated Non-Debtor Affiliate Third-Party Guarantee Claims"


I wasn't sure if the above was Affiliate Guarantee Claims or Third-Party Guarantee Claims.



Here are the corrections -





I have some new figures and calculations for you now -




TOTAL ESTIMATED ALLOWED CLAIMS IN LEHMAN PLAN - $339,680,000,000


TOTAL ESTIMATED ALLOWED CLAIMS IN CREDITORS' PLAN - $291,236,000,000




NEW CREDITORS' PLAN REDUCES TOTAL ESTIMATED ALLOWED CLAIMS BY $ 48,444,000,000.




CLASS 6 OF LBHI - AND CLASS 4 OF SUBS - INTERCOMPANY CLAIMS - $ 27,459,000,000 - LESS CLAIMS


CLASS 7 - THIRD-PARTY GUARANTEE CLAIMS - $ 201,000,000 - MORE CLAIMS


CLASS 8 - AFFILIATE GUARANTEE CLAIMS - $21,186,000,000 - LESS CLAIMS - ELIMINATED




$27,459,000,000 + $21,186,000,000 = $48,645,000,000 - $201,000,000 = $48,444,000,000