Oct 2008 Financial News

CCFG and CCMB - No exposure to the failed institutions in the US

Oct 09, 2008

CCFG and CCMB
October 9, 2008

Capital & Credit Financial Group and Capital Credit Merchant Bank have advised that the companies do not have any exposure to any of the failed institutions in the United States. Also, the companies do not expect to have any losses or impairment in capital as a result of exposures to the failed institutions.

CCFG and CCMB current USD investment portfolios comprise primarily sovereign bonds issued by the United States Government (U.S. Treasury Bills and Notes) and Government of Jamaica (GOJ Globals) that are funded primarily by Oppenheimer, Deutsche Bank and Capital & Credit International Inc.


Source:
Jamaica Stock Exchange
October 9, 2008

http://www.jamstockex.com/controller.php?action=readnews&ContentID=9903