These are internal communications of employees of American International Group, Inc. (AIG) during the Global Financial Crisis

Forster, Andrew

Fredman, Sheara

Riggs, Tom

Stanley, Michael

Wright, Neil

Yale University

Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale YPFS Documents Browse by Media Type 3-1-2008 AIG Forster Email to Neil Wright re AIG Collateral Posting Andrew Forster Neil Wright Michael Stanley Tom Riggs Sheara Fredman Follow this and additional works at: https://elischolar.library.yale.edu/ypfs-documents Recommended Citation Forster, Andrew; Wright, Neil; Stanley, Michael; Riggs, Tom; and Fredman, Sheara, "AIG Forster Email to Neil Wright re AIG Collateral Posting" (2008). YPFS Documents. 4138. https://elischolar.library.yale.edu/ypfs-documents/4138 This Document is brought to you for free and open access by the Browse by Media Type at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in YPFS Documents by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact elischolar@yale.edu. From: Sent: To: Cc: Subjecl: Fredman. Sheara Tuesday. March 25.20DB 1230 PM Riggs, Tom; Stanley. Michael; Wright. Nell; Simpson. Mlchael Shewood. Michael S; Schwartz Harvey. Davilman. Andrew; Harrop. Thomas: McNeila, Joseoh: Lehman. David A: Sparks. Daniel L: Sundaram. Ram: Aliredha; Yusut Mulkn. ~ i a l d j  SalarneF~ablo RE: AIG -Collateral Posting v i n i a r   poke with Bensinger l a t e  Thursday and proposed s p l i t t i n g  t h e  cu r ren t  dispute of $4a. AS a go forward we would continue t o  s p l i t  rhe margin c a l l s  50/5o. This would not impact t h e  $3B they have already posted. Bensinger has agreed t o  come back t o  Viniar. R e  is o u t  of t h e  o f f i c e  re turning tomorrow (Wednesday) and David hopes t o  hea r  from himlreach out hy Thursday. W i l l  post  add i t iona l  d e t a i l s  a s  avai lable .  ..... or ig ina l  Message----- Prom: Riggs, Tom s e n t :  Tuesday, March 25, 2008 10:31 AM To: Stanley,  Michasl; Wright, Neil; Simpson, Michael Cc: Sherwoad, Michael S; Schwartz, Harvey; Davilman, Andrew; Marrop, Thomas: McNeila, Joseph; Lehman, David A . ;  Sparks. Daniel L; Sundaram. Ram; Aliredha, Yusuf; Mullen, Donald; Salame. Pablo; €redman. Sheara sub jec t :  Re: A I Q  - C o l l a t e r a l  Posting I th ink David is s t i l l  discussing with them. Mike Simpson: any update from David? --.-- Oris inal  Message -----  From: Stanley, Michail To: Wright. Neil; Simpson, Michael CC: Sherwood. Michael 5: Riggs, Tom; Schwartz, Harvey; Davilman, mdreu;  Harrop, Thomas; McNeila. Josenh: Lehman. David A.: Sosrks. Daniel I,: Sundaram. Ram: Aliredha. Yusuf: s e n t i &  Mar i s  10:~6130 2008 subject :  ~ e :  RIG - Col la t e ra l  Posting Have they agreed t o  t h e  language of t h e  dealer  pol l?  ... Alternat ively ,  i f  they wouldn't agree t o  a jointly-administered po l l ,  maybe we do a p o l l  ourselves as an ind ica t ion  oE "market c l ea r ing  p r i ce"  f o r  these  t rades?  ---.-- Original  Message------ From: Wright, Nei l  TO: Stanley,  Michael To: Simpson. Michael CC: Sherwood, Michael S Cc: Tom Riggs CC: Schwartz, Harvey Cc: Davilman, Andrew CC: Rarrop, Thomas Cc: Joseph McNeila Cc: Lehman, David A. Cc: Sparks, Daniel L CC: Ram Sundaram Cc: Aliredha, Yusuf Cc: Donald Mullen Sent: M a r  17. 2 D D 8  15:ll Subject:  RE:  A I G  - Col la t e ra l  Posting they a r e  still disput ing t h e  remainder of the  c o l l a t e r a l  c a l l  we a r e  preparing the  dea le r  p o l l  docs-. .  CONFIDENTIAL TREATMENT REQUESTED BY GOLDMAN, SACHS 8 CO. Confidential Proprietary Business Information Produced Pursuant to Senate Confidentiality RulesFrom: Stanley. Michael Sent: 17 March 2008 19:07 TO: Wright, Neil; Simpnon, Michael CC: Sherwood. Michael S; Riggs. Tom; Schwartz. Harvey; Davilman, Andrew; ~ a r r o ~ ,  ~homes; mcweila, Joseph; Lehman, David A.; Sparks. Daniel L; Sundaram, Ram; miredha, yusuf; Mullen, Donald Subject: RE: AIG - collateral posting Did they give any timeframe for remaining -3.5-4 bn? mom: Wright, Neil Sent: Monday. March 17. 2008 2 : 2 5  PM . ~ TO: Simpson, Michael CC: Shemood, Michael 9;  Riggs. Tan; Schwartz. Harvey; Stanley, Michael; Davilman, Andrew; Harrop. Thomas; McNcila. Joseph; Lehman. David A.; Sparks, Daniel L; Sundaram, Ram; Aliredha, Yusuf subject: AIG - Collateral Posting fyi From: Forster@aigfpc.com [mailto:ForsterBaigfpc.coml Sent: 17 March 2008 18:20 To: Wright, Neil Cc: Cassanw3aigfpc.com; William.ShirleyBaigfpc.com subject: Collateral Posting Neil, Just to let you h o w ,  that as I helieve was agreed on Friday night by our two respective institutions, we will today be posting the amount of collateral we believe to be undisputed. This amount totals 51.007.679.756. This differs very slightly fi-om the spreadsheet total we sent you because of the following adjustments: We have removed Hout Bay since there is still no business agreement on the collateral mechanism for that trade. .----- Original Message Truncated------ CONFIDENTIAL TREATMENT REQUESTED BY GOLDMAN, SACHS & CO. Confidential Proprietary Business Information Produced Pursuant to Senate Confidentiality Rules

AIG Forster Email to Neil Wright re AIG Collateral Posting

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AIG Forster Email to Neil Wright re AIG Collateral Posting

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