eTrade 2002 Annual Report Download - page 130

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Trust 2001-1 and $29.2 million issued by Conseco Financial Securitizations Corporation. These securities are backed by loans and receivables
from multiple underlying obligors and are not direct obligations of Metris Companies or Conseco Incorporated. As of December31, 2002 the
market values of these securities were $4.7 million and $21.3 million, respectively. The Company performed a detailed credit and cash flow
analysis of the underlying assets in each of these securities and does not believe this decline in market value represents an other-than-temporary
impairment. The Company intends to hold these securities for the foreseeable future and continues to monitor any developments related to the
cash flows associated with these securities.
93
2003. EDGAR Online, Inc.