Xs0309121449 merrill lynch 31 lg 12 tv eu

arturo14 · 02-11-08, 18:10

Non riesco a trovare informazioni in merito all'obbligazione in oggetto .
Qualcuno riesce ad aiutarmi ????
temo sia una strutturata .
Grazieeeeee

cricket72 · 02-11-08, 19:19

ciao
è una emissione quotata al london stock exchange
è una emissione illiquida di soli 15milioni di euro

MERRILL LYNCH & CO INCORPORATED
EUR 15,231,000 6.05%/Equity Index Out-Performance (XS0309121449)
Linked Coupon Notes due 31/07/2012
fully paid
(Represented by notes to bearer of
EUR1,000 each)

coloanto · 02-11-08, 19:25

cosa ne dite della merril lync scadenza 31/10/09 sarei tentato per portarla ascadenza
le banche usa non dovrebbero piu farle fallire ditemi lati negativi
grazie

cricket72 · 02-11-08, 20:08

la situazione non è delle più allegre
la merrill lynch ha annunciato perdite trimestrali e non certo utili
inoltre speriamo bene per la fusione con BOA
se hai tutto il tuo patrimonio in merrill lynch potresti valutare un alleggerimento
se invece hai rispettato la regola della diversificazione (massimo 5% per emittente) puoi mantenere l'investimento
ti allego una DBRS

Bank of America Corporation and Merrill Lynch & Co.
DBRS Places Bank of America UR – Neg. and Merrill Lynch UR – Dev. Following Merger Announcement

Date Of Release: Sep 15, 2008 09:36

DBRS has today placed all ratings of Bank of America Corporation (Bank of America or the Company), its lead bank, Bank of America, N.A., and related entities Under Review with Negative Implications. Bank of America’s Issuer & Senior Debt rating is AA (low).

This rating action follows an announcement by the Company that it has agreed to acquire Merrill Lynch & Co. (Merrill) in an all-stock transaction valued at approximately $50 billion or 1.8 times tangible book value. The transaction is expected to close in the first quarter of 2009. While this acquisition may yield substantial strategic benefits to Bank of America over the long term, it also involves significant risks.

In light of this action, DBRS has today placed all ratings for Merrill and related entities, including Merrill’s Issuer & Senior Debt rating of A (high) and its short-term rating of R-1 (middle), Under Review with Developing Implications.

Bank of America’s Under Review with Negative Implications status reflects the view of DBRS that the risks inherent in the Merrill acquisition make a downgrade possible over the near term, given the pressures from the disruptions in the financial markets. Underpinning Bank of America’s current ratings are its strong franchise and robust recurring earnings power. Bank of America’s strong liquidity from its powerful deposit franchise and its sound capitalization also support its ratings.

By acquiring Merrill, Bank of America is paying a premium over book value to gain a valuable franchise. Merrill’s Global Wealth Management, Investment Banking, Rates and Currencies, Commodities, and Global Markets Financing and Services are all performing well, with several business lines producing record revenues. However, the Company will not likely be able to realize the full benefits of this transaction until financial markets stabilize. DBRS does not expect this recovery to occur in the short term.

At the same time, Merrill’s significant exposure to asset-backed securities, collateralized debt obligations, CVAs to hedges with financial guarantors, residential real estate and leveraged finance entails the risk of potentially large further losses. In addition, Merrill may also face material costs of legal disputes and may be subject to regulatory inquiries that could impact its business.

It is these embedded risks that are likely to generate negative results for Bank of America in the short term. Moreover, DBRS notes that the scale of this integration may be challenging for the Company while still digesting the Countrywide Financial Corporation and Lasalle Bank Corp. acquisitions. The rating action reflects the view of DBRS that the Merrill acquisition poses additional demands on Bank of America’s resources at a time when the Company faces other challenges.

cricket72 · 02-11-08, 20:22

anche la federal reserve da sostegno al settore bancario americano e anche a merrill lynch

Merrill Lynch & Co., Inc.
DBRS Comments on Q3 Earnings of Merrill Lynch – Senior at A (high)

Date Of Release: Oct 16, 2008 22:11

DBRS commented today on the Q3 2008 earnings of Merrill Lynch & Co., Inc. (Merrill or the Company). DBRS rates the Issuer & Senior Debt at A (high). All ratings remain Under Review with Developing Implications. Merrill today reported a substantial net loss of $5.2 billion for the quarter, following a $4.7 billion net loss in the prior quarter and a net loss of $2.2 billion for the year-ago quarter.

The major drivers of the overall loss were write-downs, credit value adjustments (CVAs) and various one-time items, including expenses, which amounted to approximately $15.6 billion, on a before-tax basis, partly offset by a net benefit of $7.1 billion, related to credit spread widening on the Company’s long-term debt liabilities and a gain on the Bloomberg sale. Merrill incurred $5.7 billion in net write-downs on the sale of super senior ABS CDOs and the termination and potential settlement with monoline guarantor counterparties; $3.8 billion in net write-downs from severe market dislocations in September, including real estate-related assets and losses related to certain government sponsored entities and major U.S. broker-dealers; $2.6 billion in losses from planned mortgage asset sales; a $2.5 billion expense payment to Temasek related to the July common stock offering; $425 million in expenses related to auction rate securities; and $550 million in net write-downs on other legacy exposures. These large losses were only partially offset by a pre-tax gain of $4.3 billion from the sale of Merrill’s stake in Bloomberg, L.P. and net gains of $2.8 billion due to the widening of credit spreads on the Company’s own long-term debt liabilities. Core franchise revenues were $5.7 billion, down 24% from $7.5 billion in Q2 2008 and down 31% on a comparable basis from Q3 2007. As a result, net revenues amounted to just $16 million for the quarter.

With revenues down, Merrill’s core franchise is being challenged by the difficult market environment, although some areas are showing resilience. Rates and Currencies produced record results for both the quarter and year-to-date. Global Equity Linked Products grew 14% year-over-year. Advisory revenues outperformed the market. Global Wealth Management performance remained solid, providing a consistent source of earnings for Merrill.

During the quarter, Merrill agreed to be acquired by Bank of America Corporation (Bank of America) in an all-stock transaction that is expected to close by the end of the calendar year. With this acquisition, Merrill will become a part of an organization with a large diverse banking franchise. In addition, Merrill will benefit from Bank of America’s strong liquidity, given its well-positioned deposit franchise. Merrill has made substantial progress in reducing its exposure to problematic assets, and that progress is expected to continue, as well as generally deleveraging its balance sheet prior to the closing of the Bank of America deal.

DBRS continues to view Merrill’s liquidity as appropriately enhanced, with an excess liquidity pool of approximately $77 billion, as of Q3 2008. In addition, Merrill continues to have temporary access to the Federal Reserve discount window, can issue up to $40 billion of FDIC-insured long-term debt and can participate in the government-sponsored commercial paper program as additional sources of liquidity. Following various actions, Merrill has also enhanced its capital position. Pro forma capital ratios, inclusive of the $10 billion non-voting preferred stock to be issued to the U.S. Treasury under the TARP plan, are estimated to be 12% for Tier 1 capital and 19% for total capital.

DBRS expects that the Merrill transaction with Bank of America will be completed in a timely manner. Conversely, if the deal is not completed as expected, there would likely be negative ratings implications.

Merrill Lynch, based in New York City, NY, reported total assets of $966 billion as of June 30, 2008.

arturo14 · 02-11-08, 20:51

Citazione:

Originalmente inviato da cricket72

ciao
è una emissione quotata al london stock exchange
è una emissione illiquida di soli 15milioni di euro

MERRILL LYNCH & CO INCORPORATED
EUR 15,231,000 6.05%/Equity Index Out-Performance (XS0309121449)
Linked Coupon Notes due 31/07/2012
fully paid
(Represented by notes to bearer of
EUR1,000 each)

grazie cricket72 non hi dea di dove si possa trovare il regolamento ???

cricket72 · 03-11-08, 10:17

Citazione:

Originalmente inviato da arturo14

grazie cricket72 non hi dea di dove si possa trovare il regolamento ???

ciao
ho provato a vedere sul sito della merrill lynch italia ma niente
http://www.mlinvest.ml.com/It/Discla...2fDefault.aspx
ho provato a vedere all'investor relation della merrill lynch ma non son riuscito a trovare niente http://ir.ml.com/debtprofile.cfm
data l'esiguità della emissione puoi fare tu o far fare alla tua banca una richiesta all'investor relation della merrill lynch o anche possono vedere se su bloomberg risulta il titolo e il prospetto allegato

arturo14 · 03-11-08, 14:56

Citazione:

Originalmente inviato da cricket72

ciao
ho provato a vedere sul sito della merrill lynch italia ma niente
http://www.mlinvest.ml.com/It/Discla...2fDefault.aspx
ho provato a vedere all'investor relation della merrill lynch ma non son riuscito a trovare niente http://ir.ml.com/debtprofile.cfm
data l'esiguità della emissione puoi fare tu o far fare alla tua banca una richiesta all'investor relation della merrill lynch o anche possono vedere se su bloomberg risulta il titolo e il prospetto allegato

ok ricevuto

arturo14 · 03-12-08, 20:06

in merito all'obbligazione sono riuscito a trovare solo le caratteristiche generali :
tasso interesse 4,50 lordo per il primo anno
2°,3°,4° e 5° si applica la seguente formula :

MAX ( 2% ; 74% * CSM EUR 30 Y )

c'è qualcuno che ne capisce qualche cosa ???
dove posso trovare i dati "CSM EUR 30 Y"
grazie come sempre

arturo14 · 03-12-08, 20:35

non riesco ad effettuare il calcolo della formula :

MAX ( 2% ; 74% * CSM EUR 30 Y )

in particolare non capisco il ; come debba interpretarsi ???

02-11-08, 18:10	#1 (permalink)
arturo14 Member Data registrazione: Jan 2008 Messaggi: 387 Popolarità: 5646861	Xs0309121449 merrill lynch 31 lg 12 tv eu Non riesco a trovare informazioni in merito all'obbligazione in oggetto . Qualcuno riesce ad aiutarmi ???? temo sia una strutturata . Grazieeeeee

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02-11-08, 19:19	#2 (permalink)
cricket72 a difesa del gregge Data registrazione: Feb 2007 Messaggi: 8,628 Popolarità: 42949678	ciao è una emissione quotata al london stock exchange è una emissione illiquida di soli 15milioni di euro MERRILL LYNCH & CO INCORPORATED EUR 15,231,000 6.05%/Equity Index Out-Performance (XS0309121449) Linked Coupon Notes due 31/07/2012 fully paid (Represented by notes to bearer of EUR1,000 each)

02-11-08, 19:25	#3 (permalink)
coloanto Member Data registrazione: Dec 2000 Messaggi: 14 Popolarità: 12	cosa ne dite della merril lync scadenza 31/10/09 sarei tentato per portarla ascadenza le banche usa non dovrebbero piu farle fallire ditemi lati negativi grazie

02-11-08, 20:08	#4 (permalink)
cricket72 a difesa del gregge Data registrazione: Feb 2007 Messaggi: 8,628 Popolarità: 42949678	la situazione non è delle più allegre la merrill lynch ha annunciato perdite trimestrali e non certo utili inoltre speriamo bene per la fusione con BOA se hai tutto il tuo patrimonio in merrill lynch potresti valutare un alleggerimento se invece hai rispettato la regola della diversificazione (massimo 5% per emittente) puoi mantenere l'investimento ti allego una DBRS Bank of America Corporation and Merrill Lynch & Co. DBRS Places Bank of America UR – Neg. and Merrill Lynch UR – Dev. Following Merger Announcement Date Of Release: Sep 15, 2008 09:36 DBRS has today placed all ratings of Bank of America Corporation (Bank of America or the Company), its lead bank, Bank of America, N.A., and related entities Under Review with Negative Implications. Bank of America’s Issuer & Senior Debt rating is AA (low). This rating action follows an announcement by the Company that it has agreed to acquire Merrill Lynch & Co. (Merrill) in an all-stock transaction valued at approximately $50 billion or 1.8 times tangible book value. The transaction is expected to close in the first quarter of 2009. While this acquisition may yield substantial strategic benefits to Bank of America over the long term, it also involves significant risks. In light of this action, DBRS has today placed all ratings for Merrill and related entities, including Merrill’s Issuer & Senior Debt rating of A (high) and its short-term rating of R-1 (middle), Under Review with Developing Implications. Bank of America’s Under Review with Negative Implications status reflects the view of DBRS that the risks inherent in the Merrill acquisition make a downgrade possible over the near term, given the pressures from the disruptions in the financial markets. Underpinning Bank of America’s current ratings are its strong franchise and robust recurring earnings power. Bank of America’s strong liquidity from its powerful deposit franchise and its sound capitalization also support its ratings. By acquiring Merrill, Bank of America is paying a premium over book value to gain a valuable franchise. Merrill’s Global Wealth Management, Investment Banking, Rates and Currencies, Commodities, and Global Markets Financing and Services are all performing well, with several business lines producing record revenues. However, the Company will not likely be able to realize the full benefits of this transaction until financial markets stabilize. DBRS does not expect this recovery to occur in the short term. At the same time, Merrill’s significant exposure to asset-backed securities, collateralized debt obligations, CVAs to hedges with financial guarantors, residential real estate and leveraged finance entails the risk of potentially large further losses. In addition, Merrill may also face material costs of legal disputes and may be subject to regulatory inquiries that could impact its business. It is these embedded risks that are likely to generate negative results for Bank of America in the short term. Moreover, DBRS notes that the scale of this integration may be challenging for the Company while still digesting the Countrywide Financial Corporation and Lasalle Bank Corp. acquisitions. The rating action reflects the view of DBRS that the Merrill acquisition poses additional demands on Bank of America’s resources at a time when the Company faces other challenges.

02-11-08, 20:22	#5 (permalink)
cricket72 a difesa del gregge Data registrazione: Feb 2007 Messaggi: 8,628 Popolarità: 42949678	anche la federal reserve da sostegno al settore bancario americano e anche a merrill lynch Merrill Lynch & Co., Inc. DBRS Comments on Q3 Earnings of Merrill Lynch – Senior at A (high) Date Of Release: Oct 16, 2008 22:11 DBRS commented today on the Q3 2008 earnings of Merrill Lynch & Co., Inc. (Merrill or the Company). DBRS rates the Issuer & Senior Debt at A (high). All ratings remain Under Review with Developing Implications. Merrill today reported a substantial net loss of $5.2 billion for the quarter, following a $4.7 billion net loss in the prior quarter and a net loss of $2.2 billion for the year-ago quarter. The major drivers of the overall loss were write-downs, credit value adjustments (CVAs) and various one-time items, including expenses, which amounted to approximately $15.6 billion, on a before-tax basis, partly offset by a net benefit of $7.1 billion, related to credit spread widening on the Company’s long-term debt liabilities and a gain on the Bloomberg sale. Merrill incurred $5.7 billion in net write-downs on the sale of super senior ABS CDOs and the termination and potential settlement with monoline guarantor counterparties; $3.8 billion in net write-downs from severe market dislocations in September, including real estate-related assets and losses related to certain government sponsored entities and major U.S. broker-dealers; $2.6 billion in losses from planned mortgage asset sales; a $2.5 billion expense payment to Temasek related to the July common stock offering; $425 million in expenses related to auction rate securities; and $550 million in net write-downs on other legacy exposures. These large losses were only partially offset by a pre-tax gain of $4.3 billion from the sale of Merrill’s stake in Bloomberg, L.P. and net gains of $2.8 billion due to the widening of credit spreads on the Company’s own long-term debt liabilities. Core franchise revenues were $5.7 billion, down 24% from $7.5 billion in Q2 2008 and down 31% on a comparable basis from Q3 2007. As a result, net revenues amounted to just $16 million for the quarter. With revenues down, Merrill’s core franchise is being challenged by the difficult market environment, although some areas are showing resilience. Rates and Currencies produced record results for both the quarter and year-to-date. Global Equity Linked Products grew 14% year-over-year. Advisory revenues outperformed the market. Global Wealth Management performance remained solid, providing a consistent source of earnings for Merrill. During the quarter, Merrill agreed to be acquired by Bank of America Corporation (Bank of America) in an all-stock transaction that is expected to close by the end of the calendar year. With this acquisition, Merrill will become a part of an organization with a large diverse banking franchise. In addition, Merrill will benefit from Bank of America’s strong liquidity, given its well-positioned deposit franchise. Merrill has made substantial progress in reducing its exposure to problematic assets, and that progress is expected to continue, as well as generally deleveraging its balance sheet prior to the closing of the Bank of America deal. DBRS continues to view Merrill’s liquidity as appropriately enhanced, with an excess liquidity pool of approximately $77 billion, as of Q3 2008. In addition, Merrill continues to have temporary access to the Federal Reserve discount window, can issue up to $40 billion of FDIC-insured long-term debt and can participate in the government-sponsored commercial paper program as additional sources of liquidity. Following various actions, Merrill has also enhanced its capital position. Pro forma capital ratios, inclusive of the $10 billion non-voting preferred stock to be issued to the U.S. Treasury under the TARP plan, are estimated to be 12% for Tier 1 capital and 19% for total capital. DBRS expects that the Merrill transaction with Bank of America will be completed in a timely manner. Conversely, if the deal is not completed as expected, there would likely be negative ratings implications. Merrill Lynch, based in New York City, NY, reported total assets of $966 billion as of June 30, 2008.

03-12-08, 20:06	#9 (permalink)
arturo14 Member Data registrazione: Jan 2008 Messaggi: 387 Popolarità: 5646861	in merito all'obbligazione sono riuscito a trovare solo le caratteristiche generali : tasso interesse 4,50 lordo per il primo anno 2°,3°,4° e 5° si applica la seguente formula : MAX ( 2% ; 74% * CSM EUR 30 Y ) c'è qualcuno che ne capisce qualche cosa ??? dove posso trovare i dati "CSM EUR 30 Y" grazie come sempre

03-12-08, 20:35	#10 (permalink)
arturo14 Member Data registrazione: Jan 2008 Messaggi: 387 Popolarità: 5646861	non riesco ad effettuare il calcolo della formula : MAX ( 2% ; 74% * CSM EUR 30 Y ) in particolare non capisco il ; come debba interpretarsi ???

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