Morgan Stanley 2009 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2009 Morgan Stanley annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 260

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260

The following tables show the Company’s percentage of credit exposure from its primary corporate loans and
lending commitments and OTC derivative products by country as of December 31, 2009 and December 31, 2008:
Corporate Lending Exposure
Country
At December 31,
2009
At December 31,
2008
United States ..................................................... 65% 68%
United Kingdom .................................................. 7 7
Germany ........................................................ 6 5
Other ........................................................... 22 20
Total ........................................................ 100% 100%
OTC Derivative Products
Country
At December 31,
2009
At December 31,
2008
United States ..................................................... 31% 35%
Cayman Islands ................................................... 14 10
United Kingdom .................................................. 8 9
Italy ............................................................ 7 6
Germany ........................................................ 4 3
France .......................................................... 3 3
Jersey ........................................................... 3 3
Ireland .......................................................... 3 2
Japan ........................................................... 2 3
Other ........................................................... 25 26
Total ........................................................ 100% 100%
Industry Exposure. The Company also monitors its credit exposure to individual industries for credit exposure
arising from corporate loans and lending commitments as discussed above and current exposure arising from the
Company’s OTC derivative contracts.
The following tables show the Company’s percentage of credit exposure from its primary corporate loans and
lending commitments and OTC derivative products by industry as of December 31, 2009 and December 31,
2008:
Corporate Lending Exposure
Industry
At December 31,
2009
At December 31,
2008
Utilities-related ................................................... 15% 13%
Consumer-related entities ........................................... 10 10
Financial institutions ............................................... 9 10
Telecommunications ............................................... 8 11
Media-related entities .............................................. 8 7
General industrials ................................................. 7 7
Technology-related industries ........................................ 6 8
Healthcare-related entities ........................................... 6 5
Energy-related entities .............................................. 6 5
Other ........................................................... 25 24
Total ........................................................ 100% 100%
108