Posts tagged 'Titlos'

Eurostat isn’t happy with Greece and its Goldman swap

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| May 13 2011 10:27 | Comment |

Greece’s currency swaps with Goldman Sachs may have slipped your memory.

Luckily Eurostat, in a just-published review of its methodological visits to Greece in 2010, has a quick reminder. More importantly, it’s kind of the European statistic agency’s final word on the matter: Read more

Titlos and Greek currency swap titillation

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Feb 16 2010 10:45 | Comment |


You are looking at a page on the National Bank of Greece’s (NBG) website that once, presumably, would have held the prospectus for Titlos Plc — a special-purpose vehicle created in 2009 to securitise a now-infamous swap agreement between the Greek bank and the country’s government.

The prospectus for the deal, arranged by Goldman Sachs, has gone missing from the NBG website. But there’s a good summary of it here, and you can still take a look at its structure here. Read more