Budapest - September 26, 2002 David Suetens Senior Vice President, Risk Management Wholesale Tel 31-20-383-22-08 E-Mai

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Plan. What is collateralization - Business perspectiveIdentifying security law issues in EuropeCollateral DirectiveWay forward. Meaning of Collateralisation........ . a type of credit upgrade where money and securities are traded against the estimation of a subsidiaries portfolio. For Example................

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