Discrete Dynamics in Nature and Society / 2011 / Article / Tab 1

Research Article

Profit and Risk under Subprime Mortgage Securitization

Table 1

Global CDO issuance ($millions); source: [22].

Global CDO issuance ($millions)
Total issuance Structured finance Cash flow and hybrid Synthetic funded Arbitrage Balance sheet

Q1:04 24 982.5 NA 18 807.8 6 174.7 23 157.5 1 825.0
Q2:04 42 864.6 NA 25 786.7 17 074.9 39 715.5 3 146.1
Q3:04 42 864.6 NA 36 106.9 5 329.7 38 207.7 3 878.8
Q4:04 47 487.8 NA 38 829.9 8 657.9 45 917.8 1 569.9
2004 Tot. 157 418.5 NA 119 531.3 37 237.2 146 998.5 10 419.8
% of Tot. 75.9% 23.7% 93.4% 6.6%

Q1:05 49 610.2 28 171.1 40 843.9 8 766.3 43 758.8 5 851.4
Q2:05 71 450.5 46 720.3 49 524.6 21 695.9 62 050.5 9 400.0
Q3:05 52 007.2 34 517.5 44 253.1 7 754.1 49 636.7 2 370.5
Q4:05 98 735.4 67 224.2 71 604.3 26 741.1 71 957.6 26 777.8
2005 Tot. 271 803.3 176 639.1 206 225.9 64 957.4 227 403.6 44 399.7
% of Tot. 65.0% 75.9% 23.9% 83.7% 16.3%

Q1:06 108 012.7 66 220.2 83 790.1 24 222.6 101 153.6 6 859.1
Q2:06 124 977.9 65 019.6 97 260.3 24 808.4 102 564.6 22 413.3
Q3:06 138 628.7 89 190.2 102 167.4 14 703.8 125 945.2 12 683.5
Q4:06 180 090.3 93 663.2 131 525.1 25 307.9 142 534.3 37 556.0
2006 Tot. 551 709.6 314 093.2 414 742.9 89 042.7 472 197.7 79 511.9
% of Tot. 56.9% 75.2% 16.1% 85.6% 14.4%

Q1:07 186 467.6 101 074.9 140 319.1 27 426.2 156 792.0 29 675.6
Q2:07 175 939.4 98 744.1 135 021.4 8 403.0 153 385.4 22 554.0
Q3:07 93 063.6 40 136.8 56 053.3 5 198.9 86 331.4 6 732.2
Q4:07 47 508.2 23 500.1 31 257.9 5 202.3 39 593.7 7 914.5
2007 Tot. 502 978.8 263 455.9 362 651.7 46 230.4 436 102.5 66 8769.3
% of Tot. 52.4% 72.1% 9.1% 86.8% 13.3%

Q1:08 12 846.4 12 771.0 75.4 18 607.1 1 294.6
Q2:08 16 924.9 15 809.7 1 115.2 15 431.1 6 561.4
Q3:08 11 875.0 11 875.0 10 078.4 4 255.0
Q4:08 3 290.1 3 140.1 150.0 3 821.4 1 837.8
2008 Tot. 44 936.4 43 595.8 1 340.6 47 938.0 13 948.8
% of Tot. 32.4% 91.2.1% 1.6% 89.4% 10.6%

Q1:09 296.3 196.8 99.5 658.7 99.5
Q2:09 1 345.5 1 345.5 1 886.4
Q3:09 442.9 337.6 105.3 208.7 363.5
Q4:09 730.5 681.0 49.5 689.5 429.7
2009 Tot. 2 815.2 2 560.9 254.3 3 443.3 892.7
% of Tot. 40.4% 91.2.1% 1.6% 89.4% 10.6%

Q1:10 2 420.8 2 378.5 42.3 2 420.7
Q2:10 1 655.8 1 655.8 598.1 1 378.9
Q3:10 2 002.7 2 002.7 2002.7
Q4:10
2010 Tot. 6 079.3 6 037.0 42.3 2 600.8 3 799.6
% of Tot. 44.1% 91.2.1% 1.6% 89.4% 10.6%

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