Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Bond portfolio in run-off<br />
(EUR bn)<br />
Public sector<br />
Sovereigns<br />
Banks<br />
Covered bonds<br />
ABS<br />
MBS<br />
Other<br />
Total (nominal bef. protection)<br />
(Data as of June 30th, 2010)<br />
Diversified mix of assets<br />
Bond portfolio in run-off p – View per sector and per rating<br />
AAA AA A BBB NIG Total<br />
2.2 14.0 9.1 3.8 1.1 30.2<br />
1.1 6.7 1.3 8.5 0.2 17.7<br />
3.8 4.8 12.8 3.8 1.3 26.5<br />
7.4 4.6 0.2 0.0 0.0 12.2<br />
7.8 2.4 1.2 0.4 1.0 12.9<br />
7.5 2.7 0.6 0.5 0.9 12.2<br />
0.3 0.1 3.8 8.0 1.2 13.5<br />
30.3 35.2 29.0 25.1 5.7 125.2<br />
EUR 22.7 bn bonds wrapped by monolines and EUR 3.5 bn protected by Negative Basis Trade<br />
(o/w more than 2/3 with banks rated A-)<br />
Slight decrease in average rating since end of 2008 due to impact of deleverage and, to a lesser<br />
extent, downgrade of sovereign exposures<br />
Stock of impairments as of June 2010: EUR 938 m<br />
38
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