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Announcement regarding Enron Corporation Inc

30 November 2001

The Commonwealth Bank advises that it has credit exposure to Enron Corporation Inc in two categories:

  • 1) AUD44 million fully covered by a matching transaction with another bank in respect of which the Commonwealth Bank does not expect any loss, and
  • 2) A contingent exposure of less than the equivalent of AUD 100 million in respect of which no event has yet occurred to crystallise the exposure.