| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| CDOs | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch & Co Inc | 23,876.8 | 1 | 11.9 | 38 |
| Citigroup | 23,630.7 | 2 | 11.8 | 40 |
| Deutsche Bank AG | 18,933.0 | 3 | 9.4 | 27 |
| Credit Suisse | 13,572.0 | 4 | 6.8 | 21 |
| Bear Stearns & Co Inc | 12,863.1 | 5 | 6.4 | 25 |
| Wachovia Corp | 12,578.7 | 6 | 6.3 | 31 |
| Banc of America Securities LLC | 12,209.6 | 7 | 6.1 | 28 |
| Morgan Stanley | 11,341.8 | 8 | 5.6 | 38 |
| UBS | 10,006.1 | 9 | 5.0 | 43 |
| JP Morgan | 9,647.6 | 10 | 4.8 | 25 |
| Industry Total | 200,847.1 | – | 100.0 | 377 |
| Source: Thomson Financial | ||||
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The class A1A notes have credit enhancement levels of 30.00% on the A1A notes; 26.40% on the A1B and A1 notes; 18.65% and 12.75% on the A2 and A3 notes, which accounts for the credit enhancements on the senior notes.
