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Strategies & Market Trends : Asia Forum

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To: tom who wrote (3602)	5/15/1998 9:52:00 AM
From: MikeM54321	Read Replies (2) of 9980

>Will HSBC/Citibank be that different? Citibank has 1,000,000 credit cards in Indonesia and will need to write off at least 80% of that< tom, You may know this already, but Indonesia and Japan were in talks last Friday, Saturday, and Sunday concerning corporate debt. They got nowhere except to say they would meet in a month to discuss it again. Sounds like this won't happen now. If my memory serves me correct the corporate debt, owned to Japan only, is 80 billion US$. Quite a bit for an already shaky financial system in Japan. Do you happen to recall the dollar figure Citibank has at risk in Indonesia? As I recall the entire US exposure in Indonesia wasn't that much. But I could be wrong. Seems like Germany and Japan had the highest exposure concerning corporate debt. Thanks, MikeM(From Florida)

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