Company name Claris Limited
Headline Final Valuation and CDO Notional Write-down Notice


RNS Number : 5182F
Claris Limited
15 June 2012
 



Company Announcement

 

Claris Limited

(the "Issuer")

22 Grenville Street

St. Helier

Jersey JE4 8PX

 

 

Claris Limited Series 43/2005 Tranche 1 EUR 72,000,000 Voltaire Floating Rate Credit Linked Notes due 2012 (ISIN: XS0216368430)

 

 

(the "Notes")

 

Date: 15 June 2012

 

Final Valuation Notice and CDO Notional Write-down Notice

We refer to the Swap Agreement between the Issuer and Societe Generale (the "Protection Buyer") entered into in relation to the Notes, as evidenced by the confirmation in respect of the Notes.

Following receipt of a Credit Event Notice and the related Notice of Publicly Available Information in respect of the References Entity on the Event Determination Date, a Final Price was determined in accordance with the terms and conditions of the Swap Agreement, and is set out in the table below.

Notes

Reference Entity

CDO Reference Obligation/ Mezzanine Reference Obligation

Event Determination Date

Final Valuation Notice Date

Final Price (%)

Loss Amount (EUR)

CDO Notional Write-down Amount (EUR)

Cash Settlement  Amount (EUR)

Claris Series 43/2005

Residential Capital, LLC

1

23/05/12

15/06/12

17.625%

154,453,125

0

n.a.

4

23/05/12

15/06/12

17.625%

154,453,125

154,453,125

n.a.

5

23/05/12

15/06/12

17.625%

154,453,125

0

n.a.

6

23/05/12

15/06/12

17.625%

154,453,125

0

n.a.

OUTER

23/05/12

15/06/12

n.a.

154,453,125

n.a.

0

Capitalized terms used but not defined in this notice shall, as the context requires have the meanings given to them in the offering circular supplement relating to the Notes.

For further information please contact:

 

Claris Limited

22 Grenville Street

St. Helier

Jersey JE4 8PX

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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ISELLFVERRIELIF