CDOs/CLOs

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues JP Morgan 10,765.7 1 15.9 22 Citigroup 10,080.4 2 14.9 17 Wachovia Corp 9,764.8 3 14.2 16 Barclays Capital 6,578.7 4 9.7 10 Deutsche Bank AG 5,934.7 5 8.8 14 Banc of America Securities LLC 4,438.3 6 6.6 8 Credit Suisse 4,066.8 7 6.0 8 Royal Bank of Scotland Group 3,644.0 8 5.4 8 HSBC Holdings PLC 3,227.9 9 4.8 4 Goldman Sachs & Co 2,872.7 10 4.2 5 Industry Total 68,969.0 - 100.0 76 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 Merrill Lynch & Co Inc 35,427.1 1 13.4 50 Citigroup 29,656.9 2 11.2 52 Deutsche Bank AG 24,881.0 3 9.4 51 UBS 22,068.1 4 8.4 57 Credit Suisse 18,207.8 5 6.9 27 Banc of America Securities LLC 16,565.1 6 6.3 35 Wachovia Corp 16,268.4 7 6.2 39 Bear Stearns & Co Inc 14,487.7 8 5.5 29 Morgan Stanley 13,961.5 9 5.3 57 JP Morgan 12,849.1 10 4.9 33 Industry Total 263,848.4 - 100.0 526 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 Banc of America Securities LLC 17,095.6 1 29.2 25 Citigroup 10,982.0 2 18.7 16 JP Morgan 9,874.7 3 16.8 22 Morgan Stanley 4,055.3 4 6.9 5 Deutsche Bank AG 3,924.9 5 6.7 12 Barclays Capital 3,373.8 6 5.8 8 Credit Suisse 2,285.0 7 3.9 10 HSBC Holdings PLC 1,999.9 8 3.4 2 Merrill Lynch & Co Inc 1,375.0 9 2.4 5 Goldman Sachs & Co 1,100.0 10 1.9 4 Industry Total 58,623.8 - 100.0 88 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 Deutsche Bank AG 1,750.0 1 16.6 3 Banc of America Securities LLC 1,554.5 2 14.7 3 Barclays Capital 1,409.5 3 13.3 2 ABN AMRO 1,250.0 4* 11.8 2 Lehman Brothers 1,250.0 4* 11.8 2 JP Morgan 1,125.0 6 10.7 2 Royal Bank of Scotland Group 1,000.0 7 9.5 2 Merrill Lynch & Co Inc 925.0 8 8.8 2 Citigroup 300.0 9 2.8 1 Industry Total 10,564.0 - 100.0 9 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 Lehman Brothers 60,259.0 1 11.8 133 Countrywide Securities Corp 49,152.7 2 9.7 83 Royal Bank of Scotland Group 45,530.3 3 9.0 102 Citigroup 36,423.9 4 7.2 84 Credit Suisse 35,692.0 5 7.0 84 Deutsche Bank AG 33,296.3 6 6.5 80 Morgan Stanley 30,248.8 7 5.9 32 Merrill Lynch & Co Inc 29,355.2 8 5.8 49 Bear Stearns & Co Inc 28,185.5 9 5.5 85 Goldman Sachs & Co 26,965.8 10 5.3 65 Industry Total 508,837.3 - 100.0 976 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 10,609.6 1 19.3 12 Deutsche Bank AG 7,642.2 2 13.9 11 Credit Suisse 5,627.8 3 10.3 9 Banc of America Securities LLC 4,720.6 4 8.6 6 Wachovia Corp 3,951.6 5 7.2 3 Lehman Brothers 3,873.7 6 7.1 3 Merrill Lynch & Co Inc 3,819.9 7 7.0 4 Goldman Sachs & Co 3,809.3 8 6.9 5 Morgan Stanley 3,328.1 9 6.1 5 RBC Capital Markets 2,179.0 10 4.0 4 Industry Total 54,911.4 - 100.0 40 Source: Thomson Financial

auto ABS 11% credit card ABS 8% enterprise finance 0% equipment ABS 2% real estate ABS 69% structured settlements 0% student loan ABS 8% trade receivables 1% utilities ABS 0%

Subprime mortgage lender New Century Financial Corp. tapped Taj Bindra, Washington Mutual's executive vice president of mortgage banking, capital markets and servicing operations to replace Patti Dodge, its chief financial officer. Bindra's new role as CFO of New Century is effective Nov. 15. Dodge announced, following the second quarter, that she planned to leave her post as CFO, in exchange for a position as executive vice president of investor relations at the Irvine, Calif.-based lender. New Century also hired Ralph Melbourne, formerly director of strategic initiatives at Washington Mutual, as senior vice president, consumer direct division for its retail lending subsidiary Home123 Corp.

More than 3,000 industry attendants are expected at the JW Marriott/Ritz Carlton Grande Lakes Resort, for this week's Information Management Network twelfth annual ABS East conference. Participants are expected to grapple with industry conundrums that range from the cyclical, such as concerns about disruptions in the housing market, to best practices for dealing with emerging asset classes like covered bonds. Among the registered attendees, IMN estimates that some 1,300 are issuers and investors.

As expected, CDO managers feasted on the recent bout of asset-backed credit default swap spread widening - producing a two-fold effect of reeling spreads back in and pushing the burgeoning CDO pipeline out.