Browse our archived media releases:
25 July 2008
Westpac confirms no earnings impact from CDOs
Westpac today confirmed that its small, high quality Collateralised Debt Obligation (CDO) portfolio has experienced no measurable impact on earnings.
The portfolio (which also includes Collateralised Loan Obligations [CLOs]) is held on balance sheet and is therefore accounted for on a fair value (marked to market) basis.
Westpac continues to manage its risk in a conservative and prudent manner.
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