EFTA Document EFTA01462183

CLO Issuance from 1999 to 2007 • Consolidation and regulatory change throughout the 1990's and 2000's caused the loan market to shift from a bank dominated market to a market where CLOs play a key role. CLO Issuance from 1999 - 2007 120 10O 6° 3 N 40 20 0 1999 2000 2001 2002 2003 2004 2006 2006 2007 Deutsche Bank Corporate Banking & Securities Source: SSP LCD CLO Adivki as of Feb 2014. SSP CLO Databank as of Feb 2014 CLO issuance for March 2008 excludes 3 Market Value vehi