Business & Finance
Business and Finance
Business and Finance 
Tue, November 24, 2009
[ Tue, Nov 24th 2009
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[ Tue, Nov 24th 2009
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[ Tue, Nov 24th 2009
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Mon, November 23, 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
] - WOPRAI
[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
] - WOPRAI
[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
] - WOPRAI
[ Mon, Nov 23rd 2009
] - WOPRAI
[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
] - WOPRAI
[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
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[ Mon, Nov 23rd 2009
] - WOPRAI
Subsequent to this default and based on the recovery realized, the subordination levels (attachment points) and detachment points of the affected exposures of the portfolios D2, D3, E2, E3, F2 and F3, have been lowered by 0.31875%. As a result, the number of additional defaults Global DIGIT may sustain before being affected was reduced. Global DIGIT will not suffer a loss due to this default. The new subordination levels (attachment points) and detachment points, taking into account all prior defaults, are detailed in the table below:
------------------------------------------------------------------------- As at November 20, At Inception 2009 Subordina- Subordina- Corporate tion tion Debt (Attachment Detachment (Attachment Detachment Portfolio Exposure Point) Point Point) Point ------------------------------------------------------------------------- D 1 5.89% 7.34% 9.55% 11.00% 2 7.45% 9.45% 11.00% 13.00% 3 6.85% 8.85% 11.00% 13.00% 4 5.43% 7.13% 7.85% 9.55% 5 6.85% 8.30% 9.55% 11.00% ------------------------------------------------------------------------- E 1 7.34% 9.34% 11.00% 13.00% 2 6.00% 7.45% 9.55% 11.00% 3 3.70% 5.40% 7.85% 9.55% 4 7.13% 8.58% 9.55% 11.00% 5 8.30% 10.30% 11.00% 13.00% ------------------------------------------------------------------------- F 1 7.34% 9.34% 11.00% 13.00% 2 7.45% 9.45% 11.00% 13.00% 3 5.40% 6.85% 9.55% 11.00% 4 7.13% 8.58% 9.55% 11.00% 5 5.15% 6.85% 7.85% 9.55% -------------------------------------------------------------------------
About Global DIGIT
Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of corporate CDO exposures, mortgage-backed securities and asset-backed securities.