SEB's exposure towards HQ Bank fully collateralised
(Thomson Reuters ONE) -
In a difficult situation for HQ Bank and its customers, SEB is assisting the
bank and its customers following today's petition to the District Court of
Stockholm to liquidate HQ Bank. As custodian and clearing bank, SEB is settling
all securities transactions in an orderly manner.
SEB has a credit exposure towards HQ Bank of SEK 141m, securities lending
amounting to a nominal value of SEK 600m and settlement guarantees of SEK 307m.
SEB's engagement does not pose a loss risk for the bank as collateral in the
form of cash, bonds and shares with ample margin exceeds this claim.
For further information, please Press contact
contact Viveka Hirdman-Ryrberg, Head of Corporate
Communications
Ulf Grunnesjö, Head of Investor +46-8-763 85 77, +46 70-550 35 00
Relations
+46 8-763 85 01, +46 70-763 85 01
--------------------------------------------------------------------------------
SEB is a North European financial group serving some 400,000 corporate customers
and institutions and five million private individuals. SEB offers universal
banking services in Sweden and the Baltic countries - Estonia, Latvia and
Lithuania. It also has local presence in the other Nordic countries and in
Germany and a global presence through its international network in major
financial centres. On 30 June 2010, the Group's total assets amounted to SEK
2,318bn while its assets under management totalled SEK 1,328bn. The Group has
about 20,000 employees. Read more about SEB at www.sebgroup.com.
[HUG#1441261]
Press Release:
http://hugin.info/1208/R/1441261/385577.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SEB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2010 - 13:07 Uhr
Sprache: Deutsch
News-ID 40473
Anzahl Zeichen: 0
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SEB's exposure towards HQ Bank fully collateralised"
steht unter der journalistisch-redaktionellen Verantwortung von
SEB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
