Volta Finance Limited

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Publicatie datum 06 jul 2012 - 13:10

Statutaire naam Volta Finance Limited

Titel VOLTA FINANCE - CLASSIFICATION OF ASSETS

Bericht NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES ***** Guernsey, 6 July 2012 - Volta Finance Limited (the "Company", "Volta Finance" or "Volta") announces a revised classification of its assets in order to adapt its communications to current market practices and terminology and to be helpful to investors. Since Volta's inception, its assets have been classified in 4 categories: Corporate Credits, CDOs, ABS and Leveraged Loans. The new categories will be: Cash Corporate Credit, Synthetic Corporate Credit, CLO and ABS. CLO will be further subdivided into USD CLO Equity, USD CLO Debt, EUR CLO Equity and EUR CLO Debt, in recognition of the significant increase in Volta's CLO holdings over the past 3 years. Apart from CLOs, Volta also has exposure to corporate credit risk through cash or synthetic deals. The Company believes it makes sense to split those deals according to this distinction and to express clearly if a specific position has either (a) a subordination to defaults ("Debt" position), or is (b) a first loss position ("Equity" position). Amongst Synthetic Corporate Credit positions, recognizing the specifics of Bank Balance Sheet Transactions relative to other synthetic arbitrage deals should provide additional transparency to Volta's portfolio. The full list of assets and their previous and new classification is given below. Volta will take advantage of these changes in communication to update the way it presents geographical and currency exposure. The way assets are classified below gives a clearer picture of such issues. From the June 2012 monthly report, Volta will incorporate a table of currency exposures. For the sake of clarity, the Company does not propose any change to the primary underlying assets in which it invests. The Company will change the classification of its assets for investor reporting purposes only. The changes will have no effect on the categorisation of its assets for IFRS pur

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Datum laatste update: 18 december 2025