CDOs/CLOs

Standard & Poor's has unveiled prototypes for its new benchmarking tool and has been collecting proprietary performance data from the residential mortgage servicing industry through the use of its Servicer Evaluation Analytical Model.

After unveiling plans in January to change the way it rates U.S. bank loans and bonds, last week Moody's Investors Service extended its 30-day comment period, which now ends March 31.

Year to date as of 03/02 Term (days) 02/24 02/27 02/28 03/01 03/02 1-week

Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market Managers Proceeds (mils) Rank Mkt. Share # of Issues Citigroup 3,665.5 1 39.7 5 JP Morgan 2,058.6 2 22.3 5 Wachovia Corp 939.0 3 10.2 2 Royal Bank of Scotland Group 781.9 4 8.5 1 Deutsche Bank AG 472.5 5 5.1 2 Merrill Lynch & Co Inc 450.0 6 4.9 1 Credit Suisse 450.0 6 4.9 1 Goldman Sachs & Co 411.2 8 4.5 1 Industry Total 9,228.7 - 100.0 10 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 UBS 3,995.5 1 21.8 4 Credit Suisse 3,107.4 2 17.0 4 Deutsche Bank AG 2,245.9 3 12.3 4 Morgan Stanley 2,007.5 4 11.0 10 Citigroup 1,839.0 5 10.0 3 Bear Stearns & Co Inc 1,488.3 6 8.1 4 Banc of America Securities LLC 1,453.4 7 7.9 4 Merrill Lynch & Co Inc 991.5 8 5.4 3 Goldman Sachs & Co 795.9 9 4.4 1 Lehman Brothers 300.0 10 1.6 1 Industry Total 18,316.3 - 100.0 39 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 2,700.0 1 29.1 5 Banc of America Securities LLC 2,198.3 2 23.7 3 Morgan Stanley 1,829.0 3 19.7 2 Deutsche Bank AG 1,250.0 4 13.5 3 JP Morgan 849.9 5 9.2 4 Wachovia Corp 249.9 6 2.7 1 Credit Suisse 200.0 7 2.2 1 Industry Total 9,277.1 - 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 - - - - - Industry Total - - - - 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 Credit Suisse 8,784.5 1 12.8 15 Lehman Brothers 8,551.0 2 12.4 16 Morgan Stanley 5,593.1 3 8.1 8 Bear Stearns & Co Inc 5,392.7 4 7.8 9 Barclays Capital 5,336.5 5 7.8 10 Deutsche Bank AG 4,894.0 6 7.1 8 Citigroup 4,209.7 7 6.1 11 UBS 4,163.5 8 6.1 14 JP Morgan 4,117.3 9 6.0 7 Banc of America Securities LLC 3,184.9 10 4.6 10 Industry Total 68,853.8 - 100.0 115 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 6,894.8 1 79.8 4 Banc of America Securities LLC 743.0 2 8.6 2 Deutsche Bank AG 500.0 3 5.8 1 Credit Suisse 500.0 3 5.8 1 Industry Total 8,637.8 - 100.0 6 Source: Thomson Financial

auto ABS 11% credit card ABS 10% equipment ABS 0% real estate ABS 70% student loan ABS 7%