CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Wachovia Corp 998.8 1 22.4 2 HSBC Holdings PLC 859.4 2 19.3 1 Banc of America Securities LLC 797.1 3 17.9 2 JP Morgan 704.8 4 15.8 2 Barclays Capital 598.8 5 13.5 1 Morgan Stanley 492.3 6 11.1 1 Industry Total 4,451.1 - 100.0 5 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Barclays Capital 2,323.0 1 27.5 1 Bear Stearns & Co Inc 1,485.8 2 17.6 3 JP Morgan 918.0 3 10.9 2 Citigroup 767.7 4 9.1 1 Morgan Stanley 675.0 5 8.0 2 Banc of America Securities LLC 669.0 6 7.9 1 Deutsche Bank AG 603.3 7 7.2 2 Goldman Sachs & Co 500.0 8* 5.9 1 Lehman Brothers 500.0 8* 5.9 1 Industry Total 8,441.7 - 100.0 14 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues JP Morgan 2,000.0 1 41.9 1 Banc of America Securities LLC 1,812.4 2 38.0 5 Wachovia Corp 962.5 3 20.2 3 Industry Total 4,774.9 - 100.0 8 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 4,881.5 1 14.8 8 Morgan Stanley 3,946.7 2 12.0 3 Merrill Lynch 3,666.8 3 11.1 4 Deutsche Bank AG 3,652.5 4 11.1 3 Lehman Brothers 2,981.8 5 9.0 7 Royal Bank of Scotland Group 2,669.7 6 8.1 4 Bear Stearns & Co Inc 1,979.1 7 6.0 5 Barclays Capital 1,766.8 8 5.4 6 Credit Suisse 1,668.0 9 5.1 2 UBS 1,351.5 10 4.1 2 Industry Total 32,987.0 - 100.0 47 Source: Thomson Financial

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Goldman Sachs & Co 1,380.7 1* 29.5 1 Lehman Brothers 1,380.7 1* 29.5 1 Banc of America Securities LLC 1,380.7 1* 29.5 1 JP Morgan 541.2 4 11.6 1 Industry Total 4,683.2 - 100.0 2 Source: Thomson Financial

auto ABS 10% credit card ABS 8% catatrophe bonds 0% enterprise finance 0% equipment ABS 2% real estate ABS 70% structured settlements 0% student loan ABS 8% trade receivables 1% utilities ABS 0%

Guy Carpenter & Co., a global risk and reinsurance specialist, appointed Chi Hum as global head of distribution for insurance-linked securities in its investment banking specialty practice. The move is a bid to strengthen the firm's capital markets investor contacts and place securities and derivatives with investors.

Las Vegas - The structured investment vehicle (SIV) market came up with several major developments in 2006, including two repeat sponsors that launched new vehicles, and a new type of sponsor, likely the Canadian Teacher's Fund. In the year ahead, expect to see U.S. pension funds take a closer look at participating in the sector, while some managers examine new possibilities for underlying assets, including structured finance paper, said industry professionals at the ASF 2007 in Las Vegas last week.

Although the rumor was running rampant throughout the industry last week, it appears as though Bank of America Corp. is not interested in acquiring or embarking on a joint venture with mortgage giant Countrywide Financial Corp. Analysts noted last week that it's highly unlikely BofA would consider buying a mortgage lender that seeks to finance itself through bank deposits. At most, they said, the bank might consider something along the lines of outsourcing its mortgage processing to Countrywide.