Five-Year Credit-Default Swap Levels (March 20, 2002)

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Five-Year Credit-Default Swap Levels (March 20, 2002)

Name Bid Offer
U.S.
Bank of America 25 35
Caterpillar 35 50
Citigroup 25 35
Delphi Auto 105 125
Disney 60 80
Federated Dept. Stores 70 90
Ford 186 200
General Electric Cap Corp. 52 62
GMAC 129 159
Goldman Sachs 43 57
Heinz 30 46
Hewlett Packard 80 100
IBM 43 55
Lehman Brothers 57 73
Merrill Lynch 44 58
Wal-Mart 12 22
Wells Fargo 20 30
Europe
ABN AMRO 13 19
Akzo Nobel 17 27
Aventis 22 33
BAE Systems 43 51
Carrefour 21 29
Credit Lyonnais 20 26
DaimlerChrysler 125 135
Deutsche Telekom 165 175
Dixons 41 49
Fiat 235 265
France Telecom 250 260
Halifax 14 20
Iberdrola 30 36
Marks & Spencer 35 45
Siemens 36 46
UBS 12 18
Vodafone 55 65
Asia Ex-Japan
Amcor 50 66
AMP Bank 30 40
Australia 3 7
BHP Billiton 44 52
China 45 55
CSR 56 68
Fosters 50 60
Hutchison Whampoa Finance 122 138
Korea 50 60
Malaysia 90 105
Philippines 350 400
Qantas Airways 75 105
Singapore 10 20
Southcorp 60 76
Telstra 32 42
Thailand 80 95
WMC 53 73


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