BNP Paribas global exposure to the Lehman Brothers group amounts to around 400 million:
– Net derivative claims: around 200 million
– Bank loan: $250mn, ie 180 million
– Letters of credit: around 25 million
– Securities issued by the Lehman Brothers group negligible
The net derivative claims above take into account netting and collateral agreements when appropriate. Close-out netting process is very well advanced. Final figures may differ to some extent.
D.C.