DOCSLIB.ORG

Liquidity Funds Semi Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Liquidity Funds Semi Annual Report Unaudited Semi-Annual Report JPMorgan Liquidity Funds Société d’Investissement à Capital Variable, Luxembourg (R.C.S. No. B 25 148) 31 May 2021 Report for the attention of Swiss Investors JPMorgan Liquidity Funds Unaudited Semi-Annual Report As at 31 May 2021 Contents Board of Directors 1 Management and Administration 2 Unaudited Financial Statements and Statistical Information Combined Statement of Net Assets 3 Combined Statement of Operations and Changes in Net Assets 6 Statement of Changes in the Number of Shares 9 Statistical Information 12 Notes to the Unaudited Financial Statements 16 Schedule of Investments Credit Sub-Funds JPMorgan Liquidity Funds - AUD Liquidity LVNAV Fund 22 JPMorgan Liquidity Funds - EUR Liquidity LVNAV Fund 24 JPMorgan Liquidity Funds - EUR Liquidity VNAV Fund 28 JPMorgan Liquidity Funds - EUR Standard Money Market VNAV Fund 31 JPMorgan Liquidity Funds - SGD Liquidity LVNAV Fund 35 JPMorgan Liquidity Funds - GBP Liquidity LVNAV Fund 36 JPMorgan Liquidity Funds - GBP Liquidity VNAV Fund 39 JPMorgan Liquidity Funds - USD Liquidity LVNAV Fund 42 JPMorgan Liquidity Funds - USD Liquidity VNAV Fund 48 Government Sub-Funds JPMorgan Liquidity Funds - USD Government LVNAV Fund 51 JPMorgan Liquidity Funds - USD Treasury CNAV Fund 52 JPMorgan Liquidity Funds - USD Treasury VNAV Fund 53 Appendix - Unaudited Additional Disclosures 1. Total Expense Ratios 54 2. Summary of Investment Objectives of the Sub-Funds 58 3. Performance and Volatility 58 4. Interest Rates Received/(Charged) on Bank Accounts 61 5. Portfolio Turnover Ratio 61 6. Calculation Method of the Risk Exposure 61 7. Collateral Received 62 8. Securities Financing Transactions 64 9. UCITS Remuneration Disclosures 68 For additional information please consult www.jpmgloballiquidity.com. No subscriptions can be received solely on the basis of this report. Subscriptions are only valid if made on the basis of the current Prospectus, the current Key Investor Information Documents, supplemented by the latest audited annual report and, if published thereafter, the latest unaudited semi-annual report. The current Prospectus, the current Key Investor Information Documents, the unaudited semi-annual report, as well as the audited annual report can be obtained free of charge from the registered office of the SICAV and from local paying agents. Details of the Investment Manager(s) for the individual Sub-Funds are available within the Prospectus and from the Management Company at its registered office, or from www.jpmgloballiquidity.com. JPMorgan Liquidity Funds Board of Directors Chairman Iain O.S. Saunders Duine, Ardfern Argyll PA31 8QN United Kingdom Directors Jacques Elvinger Peter Thomas Schwicht Elvinger Hoss Prussen, société anonyme Humboldtstraße 17 2, place Winston Churchill D-60318 Frankfurt am Main B.P. 425, L-2014 Luxembourg Germany Grand Duchy of Luxembourg Massimo Greco Susanne van Dootingh JPMorgan Asset Management (UK) Limited Nekkedelle 6 60 Victoria Embankment B-3090 Overijse London EC4Y 0JP Belgium United Kingdom John Li How Cheong Marion Mulvey (from 30 April 2021) The Directors’ Office JPMorgan Asset Management (UK) Limited 19, rue de Bitbourg 60 Victoria Embankement L-1273 Luxembourg London EC4Y 0JP Grand Duchy of Luxembourg United Kingdom Martin Porter Daniel Watkins Thornhill, Hammerwood Road JP Morgan Asset Management (Asia Pacific) Limited Ashurst Wood 21st Floor, Chater House West Sussex RH19 3SL 8 Connaught Road United Kingdom Central Hong Kong 99077 Registered Office 6, route de Trèves L-2633 Senningerberg Grand Duchy of Luxembourg 1 JPMorgan Liquidity Funds Management and Administration Management Company, Registrar and Transfer Agent, Global Distributor and Domiciliary Agent JPMorgan Asset Management (Europe) S.à r.l. 6, route de Trèves L-2633 Senningerberg Grand Duchy of Luxembourg Investment Managers JPMorgan Asset Management (UK) Limited 60 Victoria Embankment London EC4Y 0JP United Kingdom J.P. Morgan Investment Management Inc. 383 Madison Avenue New York, NY 10179 United States of America JP Morgan Asset Management (Asia Pacific) Limited 21st Floor, Chater House 8 Connaught Road Central Hong Kong Depositary, Corporate, Administrative and Listing Agent J.P. Morgan Bank Luxembourg S.A. 6, route de Trèves L-2633 Senningerberg Grand Duchy of Luxembourg Auditor PricewaterhouseCoopers, Société coopérative 2, rue Gerhard Mercator B.P. 1443, L-1014 Luxembourg Grand Duchy of Luxembourg Luxembourg Legal Adviser Elvinger Hoss Prussen, société anonyme 2, place Winston Churchill B.P. 425, L-2014 Luxembourg Grand Duchy of Luxembourg 2 JPMorgan Liquidity Funds Combined Statement of Net Assets As at 31 May 2021 JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - AUD Liquidity EUR Liquidity Combined LVNAV Fund LVNAV Fund USD AUD EUR Assets Investments in securities at cost 143,797,874,965 436,122,575 10,371,405,389 Unrealised gain/(loss) 11,097,425 4,829 327,941 Investments in securities at market value 143,808,972,390 436,127,404 10,371,733,330 Cash at bank and at brokers 3,488,937,191 47,767,174 344,470,626 Time deposits 34,157,789,613 135,000,000 1,725,000,000 Receivables on subscriptions 269 - - Receivables on reverse repurchase agreements 21,324,411,673 128,000,000 4,384,503,143 Interest receivable 33,728,813 2,973,728 - Fee waiver receivable* 198,648 5,322 19,780 Unrealised gain on forward currency exchange contracts 330,072 - - Total assets 202,814,368,669 749,873,628 16,825,726,879 Liabilities Payables on investments purchased 3,401,480,611 - 1,450,221,944 Interest payable 160,065 - 117,204 Dividend distributions payable 2,619,122 5,138 - Management and advisory fees payable 15,142,522 32,056 852,535 Unrealised loss on forward currency exchange contracts 163,052 - - Other liabilities** 6,973,717 33,057 282,360 Total liabilities 3,426,539,089 70,251 1,451,474,043 Total net assets 199,387,829,580 749,803,377 15,374,252,836 * Please refer to Notes 4a), 4b) and 4c). To the extent that actual operating costs exceed the capped percentage, the amount borne by the Management Company will be separately disclosed as a “Fee Waiver” in the Combined Statement of Net Assets and the Combined Statement of Operations and Changes in Net Assets. ** Other liabilities are principally comprised of Directors’ fees, audit and tax related fees and expenses, registration, publication, mailing, printing, legal and marketing expenses. The accompanying notes form an integral part of these Financial Statements. 3 JPMorgan Liquidity Funds Combined Statement of Net Assets (continued) As at 31 May 2021 JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - EUR Liquidity EUR Standard Money Market SGD Liquidity GBP Liquidity GBP Liquidity VNAV Fund VNAV Fund LVNAV Fund LVNAV Fund VNAV Fund EUR EUR SGD GBP GBP 877,591,401 224,326,678 619,765,120 8,526,588,033 432,742,427 50,882 127,719 52,762 (18,696) (5,102) 877,642,283 224,454,397 619,817,882 8,526,569,337 432,737,325 18,396,835 19,414,933 65,016,220 232,872,557 31,032,783 150,000,000 29,000,000 215,000,000 935,000,000 120,000,000 --355-- 220,000,000 20,000,000 70,000,000 3,423,494,177 72,000,000 - 495,836 168,554 1,709,855 83,569 18,266 23,468 14,062 4,348 10,515 - 270,451 - - - 1,266,057,384 293,659,085 970,017,073 13,119,650,274 655,864,192 22,015,386 3,017,237 14,977,500 765,905,193 2,995,817 11,545 2,403 - - - - - 43,605 13,917 - 81,751 10,596 125,731 616,481 26,463 - 133,600 - - - 72,419 65,478 53,195 3,284,142 198,958 22,181,101 3,229,314 15,200,031 769,819,733 3,221,238 1,243,876,283 290,429,771 954,817,042 12,349,830,541 652,642,954 4 JPMorgan Liquidity Funds Combined Statement of Net Assets (continued) As at 31 May 2021 JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - USD Liquidity USD Liquidity USD Government USD Treasury USD Treasury LVNAV Fund VNAV Fund LVNAV Fund CNAV Fund VNAV Fund USD USD USD USD USD 73,897,520,209 7,478,152,670 1,136,976,345 33,478,848,244 299,319,286 9,373,200 1,075,145 4,582 - 16,359 73,906,893,409 7,479,227,815 1,136,980,927 33,478,848,244 299,335,645 700,000,798 100,000,351 100,287,186 1,641,898,615 20,000,474 27,715,698,000 2,355,955,000 - - - ----- - - 895,695,000 9,429,914,587 248,667,000 20,171,872 2,323,470 698,306 4,865,562 93,551 3,263 22,568 14,659 5,816 41,444 ----- 102,342,767,342 9,937,529,204 2,133,676,078 44,555,532,824 568,138,114 499,918,256 ---- ----- 2,184,858 - 14,929 362,642 - 11,411,571 1,023,989 - 522,602 - ----- 818,030 273,659 42,390 271,530 52,809 514,332,715 1,297,648 57,319 1,156,774 52,809 101,828,434,627 9,936,231,556 2,133,618,759 44,554,376,050 568,085,305 5 JPMorgan Liquidity Funds Combined Statement of Operations and Changes in Net Assets For the Period from 1 December 2020 to 31 May 2021 JPMorgan Liquidity Funds - JPMorgan Liquidity Funds - AUD Liquidity EUR Liquidity Combined LVNAV Fund LVNAV Fund USD AUD EUR Net assets at the beginning of the period* 211,064,345,165 817,094,228 15,921,273,516 Income Interest income from investments, net of withholding taxes 76,647,132 481,575 (45,060,335) Bank interest 1,002,128 - - Total income 77,649,260 481,575 (45,060,335) Expenses Management and advisory fees 106,996,675 260,943 5,194,593 Depositary, corporate, administration and domiciliary agency fees 10,064,865 117,867 1,479,961 Registrar and transfer agency fees 2,552,905 60,583 107,609 Taxe d’abonnement 1,307,082 5,740 15,401 Bank and other interest expenses 6,322 937 274 Other expenses**
Load more

Recommended publications
  • Participant List
    Participant list GC SecLend Select Select Participant Country City Repo Market HQLAx Pooling CCP Invest Finance Aareal Bank AG D Wiesbaden x x ABANCA Corporaction Bancaria S.A E Betanzos x ABN AMRO Bank N.V. NL Amsterdam x x ABN AMRO Clearing Bank N.V. NL Amsterdam x x x Airbus Group SE NL Leiden x x Allgemeine Sparkasse Oberösterreich Bank AG A Linz x x ASR Levensverzekering N.V. NL Utrecht x x ASR Schadeverzekering N.V. NL Utrecht x x Augsburger Aktienbank AG D Augsburg x x B. Metzler seel. Sohn & Co. KGaA D Frankfurt x x Baader Bank AG D Unterschleissheim x x Banco Bilbao Vizcaya Argentaria, S.A. E Madrid x x Banco Cooperativo Español, S.A. E Madrid x x Banco de Investimento Global, S.A. PT Lisbon x x Banco de Sabadell S.A. E Alicante x x Banco Santander S.A. E Madrid x x Bank für Sozialwirtschaft AG D Cologne x x Bank für Tirol und Vorarlberg AG A Innsbruck x x Bankhaus Lampe KG D Dusseldorf x x Bankia S.A. E Madrid x x Banque Centrale du Luxembourg L Luxembourg x x Banque Lombard Odier & Cie SA CH Geneva x x Banque Pictet & Cie AG CH Geneva x x Banque Internationale à Luxembourg L Luxembourg x x x Bantleon Bank AG CH Zug x Barclays Bank PLC GB London x x Barclays Bank Ireland Plc IRL Dublin x x BAWAG P.S.K. A Vienna x x Bayerische Landesbank D Munich x x Belfius Bank B Brussels x x Berlin Hyp AG D Berlin x x BGL BNP Paribas L Luxembourg x x BKS Bank AG A Klagenfurt x x BNP Paribas Fortis SA/NV B Brussels x x BNP Paribas S.A.
    [Show full text]
  • Succès De L'émission De L'obligation « Senior
    COMMUNIQUE DE PRESSE Paris, le 15 juin 2020 La Banque Postale : succès de l’émission de l’obligation « Senior Non Préférée » de 750 M€ Dans le contexte de crise sanitaire et économique, La Banque Postale a émis avec succès une obligation « Senior Non Préférée » pour un montant de 750 M€. La maturité de 6 ans est assortie d’un coupon fixe de 0,50 % sur 5 ans, puis d'un coupon variable en cas de non exercice de l'option de rappel à l'année 5. Cette émission est conforme à la stratégie de La Banque Postale de renforcer ses ressources éligibles au MREL 1. Le carnet d’ordres final de la transaction atteint 2,5 Md€ (soit un taux de souscription de 3,3 fois par plus de 137 investisseurs différents), grâce à une forte demande des gestionnaires d’actifs. La répartition géographique du carnet d’ordres est bien diversifiée pour cette émission : France 40 %, Allemagne, Suisse & Autriche 22 %, Benelux 12 %, Angleterre & Irlande 10 %, Europe du Sud 9 %, Europe du Nord 6 %. La transaction, notée BBB+ par Fitch et BBB par S&P présente un spread final resserré à MS + 88 bp. La Banque Postale, BNP Paribas, Commerzbank, Citigroup, UBS Europe et UniCredit ont été mandatés par La Banque Postale en tant que co-chefs de file sur cette opération. 1 Minimum Requirement for own funds and eligible liabilities A propos de La Banque Postale La Banque Postale, forme avec ses filiales dont CNP Assurances, un grand groupe de bancassurance, filiale du Groupe La Poste, présent sur les marchés de la banque de détail, de l’assurance, de la banque de financement et de la gestion d’actifs.
    [Show full text]
  • INVITATION Governor of the Banque De France, President of the Federal
    INVITATION March 3, 2015 Governor of the Banque de France, President of the Federal Reserve Bank of Cleveland and more to Discuss Monetary Policy, Growth and Investment What: New Policies for the Post Crisis Era This full-day, public conference will explore monetary policy, Euro growth and investment, capital markets, and central banking in Europe through a series of sessions featuring premier international leaders in the economic and finance industry. When: March 23, 2015, from 8:30 a.m. to 3:45 p.m. Who: This event will feature Christian Noyer, governor of the Banque de France, Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland, Catherine Mann, chief economist of the Organisation for Economic Co-operation and Development, and Katarzyna Zajdel-Kurowska, member of the Board of the National Bank of Poland, as well as the following leaders and policymakers in finance and academia: • Filippo di Mauro, senior advisor of the research department, European Central Bank; • Daniel Fermon, head of cross asset thematic research, Societe Generale; • Patrick Foley, chief economist, Lloyds Banking Group; • Herve Goulletquer, head of strategy, La Banque Postale Asset Management; • David Kotok, CIO of Cumberland Advisors; • Steve Malin, director, U.S. investment strategist, Allianz Global Investors; • Gilles Noblet, deputy director-general of European and international relations, European Central Bank; • Debora Revoltella, director of the economics department, European Investment Bank; • Steve Sexauer, advisor to Allianz Global
    [Show full text]
  • European Banks: IFRS 9 Impact on Bankfocus Research 17 June 2019 Bank Financials Is Manageable Irakli Pipia Xian (Peter) Li
    European banks: IFRS 9 impact on BankFocus Research 17 June 2019 bank financials is manageable Irakli Pipia Xian (Peter) Li Leading European banks1 absorbed anticipated negative impact from the adoption of IFRS 9 without significant impact on their financials. In fact, asset quality and total provisioning coverage ratios improved across the board, despite contrary expectations. The negative impact from the adoption of IFRS 9 on regulatory CET 1 capital was most prominent for Spanish and Italian banks, but manageable for other European entities. • European banks adopted IFRS 9 accounting standards on 1 Impaired loans / Gross customer January 2018 which requires earlier recognition of credit loans & advances, YE 2018 vs losses compared to the existing IAS 39 accounting standards. YE 2017 (%) • Impaired loan (Stage 3) ratios improved under IFRS 9 compared to the same category as per IAS 39 standards for Company Name 2018 2017 Change almost all surveyed European banks (see exhibit). UniCredit 8.1 11.1 -3.0 Bankia 6.3 8.8 -2.5 • Consequently, the total provisioning coverage of impaired Caixa 4.8 6.2 -1.4 loans improved, while specific provisioning (Stage 3 Expected Sabadell 4.4 5.4 -1.0 Credit Losses vs Stage 3 loans) at 45% remains adequate as KBC 4.4 6.3 -1.9 at end-2018. BNP 4.3 5.0 -0.7 • Contrary to the original expectations, Loan loss reserves as BBVA 4.2 5.0 -0.8 percentage of Gross loans declined under IFRS 9, with the Intesa Sanpaolo 4.2 12.9 -8.7 accounting impact absorbed by banks’ regulatory capital.
    [Show full text]
  • Breaking up with Bad Banks
    BREAKING UP WITH BAD BANKS How Wall Street Makes It Hard to Leave Them – and How We Say Goodbye May 2021 1 Contents Introduction ..................................................................................................................................................... 2 Ideas for Change ............................................................................................................................................. 4 The Move Your Money Movement .............................................................................................................. 5 Obstacles to Moving Your Money ................................................................................................................ 6 Individuals ............................................................................................................................................ 7 Municipalities ....................................................................................................................................... 9 Making the Switch – ..................................................................................................................................... 12 Alternatives to Big Banks ..................................................................................................................... 12 How to Move Your Money ................................................................................................................... 15 Policy Changes to Remove Barriers to Switching Financial Institutions .............................................
    [Show full text]
  • Major Eurozone Banks Start the Implementation Phase of a New Unified Payment Scheme and Solution, the European Payment Initiative (EPI)
    Internal EPI: The European Payments Initiative Press release Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payment Initiative (EPI) Amsterdam, Berlin, Brussels, Frankfurt, Madrid, Munich, Paris, Valencia – 2 July 2020 Today, a group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI). The ambition of EPI is to create a unified pan-European payment solution leveraging Instant Payments/SEPA Instant Credit Transfer (SCT Inst), offering a card for consumers and merchants across Europe, a digital wallet and P2P payments. The solution aims to become a new standard means of payment for European consumers and merchants in all types of transactions including in-store, online, cash withdrawal and “peer-to-peer” in addition to existing international payment scheme solutions. A pan-European payment solution to bring concrete benefits to European merchants and consumers EPI’s objective is to offer a digital payment solution that can be used anywhere in Europe and to supersede the fragmented landscape that currently still exists. In doing so, EPI founders are responding to merchant and consumer communities that have been calling for payment initiatives to take a more pan-European approach. EPI will first and foremost benefit European citizens, possibly boosting innovation in the world of payments. More than 50% of retail payment transactions in Europe are still done by cash today. The EPI solution will also bring tangible benefits to European merchants, by offering them a seamless, competitive and unified payment solution for the whole of Europe that is also available to all European consumers.
    [Show full text]
  • Signatories to the Principles for Responsible Banking
    Signatories to the Principles for Responsible Banking (Updated on: 07.09.2020) # SIGNATORY BANKS COUNTRY DATE SIGNED Egypt 1 AAIB (Arab African International Bank) Sep-19 Spain 2 ABANCA Corporación Bancaria Sep-19 Netherlands 3 ABN AMRO Bank N.V. Sep-19 South Africa 4 Absa Bank Ltd. Sep-19 Nigeria 5 Access Bank Plc Sep-19 Bahrain 6 Ahli United Bank B.S.C Jan-20 Ireland 7 AIB Group (Allied Irish Banks) Sep-19 Bahrain 8 Al Baraka Banking Group B.S.C. Oct-19 Finland 9 Ålandsbanken Plc. (Bank of Åland) Nov-19 Egypt 10 ALEXBANK (Bank of Alexandria) Sep-19 Greece 11 Alpha Bank Sep-19 USA 12 Amalgamated Bank Sep-19 Australia 13 ANZ (Australia and New Zealand Banking Group) Sep-19 Iceland 14 Arion Bank Sep-19 Denmark 15 Aurskorg Sparebank Feb-20 Italy 16 Banca MPS (Banca Monte dei Paschi di Siena) Sep-19 Ecuador 17 Banco Bolivariano Dec-19 Brazil 18 Banco Bradesco S.A. Sep-19 Brazil 19 Banco da Amazônia Jan-20 Argentina 20 Banco de Galicia y Buenos Aires SA Sep-19 Ecuador 21 Banco de la Produccion S.A Produbanco Sep-19 Ecuador 22 Banco de Machala S.A. Sep-19 Mexico 23 Banco del Bajio, S.A. Aug-20 Ecuador 24 Banco Diners Club del Ecuador S.A. Nov-19 Nicaragua 25 Banco Grupo Promerica Nicaragua Sep-19 Ecuador 26 Banco Guayaquil Sep-19 El Salvador 27 Banco Hipotecario de El Salvador S.A. Sep-19 Ecuador 28 Banco Pichincha Sep-19 Dominican Republic 29 Banco Popular Dominicano Sep-19 Costa Rica 30 Banco Promerica Costa Rica Sep-19 Paraguay 31 Banco Regional Jul-20 Spain 32 Banco Sabadell Sep-19 Ecuador 33 Banco Solidario Nov-19 Colombia 34 Bancolombia
    [Show full text]
  • Banques : Des Engagements Climats À Prendre Au 4 Degré
    1 | Banques : des engagements climats à prendre au 4e degré Rédaction : Alexandre Poidatz (Oxfam France). Relecture : Cécile Duflot, Noélie Coudurier, Nicolas Vercken, Armelle Le Comte (Oxfam France), Louis Vidal, Léo Garnier (LITA), Lorette Phillipot (les Amis de la Terre France), Wojtek Kalinowski, Julien Hallak (Institut Veblen), des membres de l’équipe Carbon4 Finance. Les données unitaires sur l’empreinte carbone des banques françaises ont été fournies par la société Carbon4 Finance et font partie de leur offre Carbon Impact Analytics. Carbon4 Finance ne peut être tenu responsable des positions prises dans ce document. Conception graphique sur logiciels libres : Figures Libres Octobre 2020 – © Oxfam France | @oxfamfrance Les informations contenues dans ce document étaient correctes au moment de la mise sous presse. OXFAM FRANCE : 62 bis, avenue Parmentier, 75011 Paris Tél : 01 56 98 24 40 / [email protected] Oxfam France @oxfamfrance Banques : des engagements climats à prendre au 4e degré | 2 RÉSUMÉ EXÉCUTIF lors que s’ouvre les Climate Finance Days à Paris le 29 octobre 2020, Oxfam France lève le voile sur l'empreinte carbone colossale des banques françaises, qui repré- sente près de 8 fois les émissions de gaz à effet de serre de la France entière1. Les A émissions de gaz à effet de serre issues des activités de financement et d’investis- sement des six principales banques françaises – BNP Paribas, Crédit Agricole, Société Géné- rale, BPCE2, Crédit Mutuel et la Banque Postale – atteignent 3,3 milliards de tonnes équivalent CO2 par an. Chacune des deux premières banques françaises a, à elle seule, une empreinte car- bone deux fois supérieure à celle du territoire français.
    [Show full text]
  • List of Private Placements Identified in Markit Iboxx EUR Benchmark
    List of Private Placements identified in Markit iBoxx EUR Benchmark Currency ISIN BB Ticker Issuer Name Coupon Maturity Exclusion date EUR ES0370148001 AYTCED AyT Cedulas Cajas V Fondo de Titulizacion de Activos 4.500 12-Apr-2013 31-Dec-2003 EUR ES0347859003 IMCEDI IM Cedulas 2 4.500 11-Jun-2014 30-Nov-2006 EUR XS0315528850 ACAFP Credit Agricole SA/London 5.065 10-Aug-2022 31-Aug-2007 EUR XS0323922376 AXASA AXA SA 6.211 05-Oct-2017 31-Oct-2007 until 31-March-2008 ¹ EUR XS0338428302 ACAFP Credit Agricole SA/London 14.000 27-Dec-2017 31-Jan-2008 EUR FR0010564161 ACAFP Credit Agricole SA/London 7.625 27-Dec-2012 31-Jan-2008 EUR XS0353791345 MCD McDonald's Corp 5.000 26-Mar-2015 31-Mar-2008 EUR XS0348747865 GS Goldman Sachs Group Inc 4.050 31-Mar-2014 30-Apr-2008 EUR XS0372196062 SANTAN Santander International Debt SA 6.070 27-Jun-2011 30-Jun-2008 EUR XS0372196229 SANTAN Santander International Debt SA 6.010 30-Jun-2010 30-Jun-2008 EUR DE000BLB5KE1 BYLAN Bayerische Landesbank 5.000 10-Jun-2011 30-Jun-2008 EUR DE000BLB5KH4 BYLAN Bayerische Landesbank 5.750 11-Jun-2010 30-Jun-2008 EUR DE000LBW0YV2 LBBW Landesbank Baden-Wuerttemberg 5.750 10-Jun-2010 30-Jun-2008 EUR DE000HLB1MB6 HESLAN Landesbank Hessen-Thueringen Girozentrale 5.625 23-Jun-2011 30-Jun-2008 EUR DE000WLB8KX0 WESTLB WestLB AG 6.000 11-Mar-2010 30-Jun-2008 EUR DE000NLB4C30 NDB Norddeutsche Landesbank Girozentrale AG 5.750 11-Jun-2010 31-Jul-2008 EUR ES0316988007 CEDGBP Cedulas Grupo Banco Popular 4 5.750 25-Jun-2010 31-Jul-2008 EUR XS0364907641 CS Credit Suisse/London 4.000 30-Jun-2014
    [Show full text]
  • Dexia – Rise & Fall of a Banking Giant ______
    DEXIA – RISE & FALL OF A BANKING GIANT __________________________________________________ LES ETUDES DU CLUB N° 100 DECEMBRE 2013 DEXIA – RISE & FALL OF A BANKING GIANT __________________________________________________ LES ETUDES DU CLUB N° 100 DECEMBRE 2013 Etude réalisée par Monsieur Nicholas Whitbeck (HEC 2013) sous la direction de Monsieur Ulrich Hege Professeur à HEC Paris Introduction .................................................................................................................................................... 3 I. How Dexia conquered the world ............................................................................................................ 4 A. Marriage of convenience ............................................................................................................................................... 4 B. Consolidation .................................................................................................................................................................. 6 C. Expansion in all directions ........................................................................................................................................... 8 D. Kempen & Labouchère – Dexia’s first warnings ................................................................................................... 10 E. Short-term liabilities fuelled the expansion of Dexia’s balance sheet ................................................................. 11 F. Under the leadership of Axel Miller, Dexia continued
    [Show full text]
  • As of 10/31/2020
    Annual Report | October 31, 2020 Vanguard Total International Bond Index Fund See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. Important information about access to shareholder reports Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report. If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com. You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
    [Show full text]
  • IIGCC’S Membership Includes a Broad Range of Asset Owners and Asset Managers
    toggle menu Skip to content About us Our members Our board Our team Annual reports Vacancies Our work Policy programme Corporate programme Investor Practices programme Property programme Initiatives & collaborations Become a member Resources Events News Contact us Members login Our members Our board Our team Annual reports Vacancies Our members About Us Menu Our members Our board Our team Annual reports Vacancies 200+ Members 15 Countries represented €30tn in assets IIGCC’s membership includes a broad range of asset owners and asset managers. This includes many of the largest global and European institutional investors and asset managers. Reflecting the significance of climate change as an issue for the investor community and the impact of our work, our membership continues to grow. Click on the link below to find out more on the benefits of joining the IIGCC. Become a member Many of our members are based in Europe Investor members a. s. r. Asset Management Aberdeen Standard Investments ACTIAM NV Aegon NL Aeon Investments Limited AEW Allianz Global Investors Allianz Investment Management Amundi Asset Management AP Moller Capital AP Pension AP1 – Första AP-fonden AP2 – Andra AP-fonden AP3 – Tredje AP-fonden AP4 – Fjarde AP-fonden AP7 – Sjunde AP-fonden APG Asset Management Arisaig Partners (Asia) PTE Ltd Asper Investment Management Atlas Infrastructure ATP AustralianSuper Aviva Investors AXA Investment Managers Baillie Gifford & Co BBC Pension Trust Bedfordshire Pension Fund BlackRock BMO Global Asset Management (EMEA) BNP Paribas Asset
    [Show full text]