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Nordea (CPH:NDA) Following Monday's announcement from Lehman Brothers Holdings Inc. that the company has filed Chapter 11 bankruptcy petition, Nordea has decided to comment on its exposure to Lehman Brothers.
Nordea has no credit exposure in terms of bond holdings or credit facilities to Lehman Brothers.
In the capital market operations Nordea has traded with Lehman Brothers as counterparty in derivatives transactions. The net exposure in these transactions, net of collateral, is insignificant.
Nordea is replacing most of its derivative contracts currently held with Lehman Brothers with other counterparties. These replacement costs will be limited.
Nordea's strong funding and capital position is not affected.
For further information: Carl-Johan Granvik, Group Chief Risk Officer, +46 8 614 7811 Johan Ekwall, Head of Investor Relations, +46 8 614 7852
