Citigroup made news last December when it decided to consolidate about $49 billion in SIV assets onto its balance sheet. In its most recent 10-K filing, released on Feb. 22, Citigroup revealed that it had consolidated significant interests in CDO assets.

According to the company's 10-K, it consolidated about $25 billion in asset-backed commercial paper (ABCP) assets in December 2007, which were used to fund certain CDOs written between 2003 and 2006. The consolidation was an alternative to exercising liquidity puts for those ABCP conduits.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.