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	Direct access: Annual and quarterly financial statements Assets EMTN program Contacts
Activities of Dexia MA Assets and liabilities Interest rate risk Controls and rating Balance sheet and net income - Financial statements Home		- Assets are of excellent quality: loans to States, local governments and public sector entities (regions, departments, municipalities, public hospitals, ...)and loans wholly guaranteed by States or local governments, More absence of mortgages and negligible credit enhanced assets, More the default rate is extremely low: 0.01% per year of outstanding commitments, the rate of early repayment is very low: < 2% of outstanding commitments (and often with actuarial penalties - statistics Dexia MA - 2005). - Liabilities include two categories of debt: debt benefiting from the Privilège, principally obligations foncières, a single debt which does not benefit from the Privilège and is therefore subordinated, i.e. an account opened at Dexia Crédit Local, governed by an agreement which cannot be canceled. More Dexia Crédit Local issued a "declaration of financial support" of Dexia MA, which is contained in issue prospectuses and in the annual report. More
The financial report for the 1st half of 2010 is now available online.