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Haircuts will be determined at a later date and will reflect the riskiness of the assets provided as collateral.
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The European bank also upped the value of assets that the banks must provide as collateral to keep receiving aid, putting the banks in an even more precarious position.
This is because of high risk and for not having adequate resources to provide as collateral.
In Organic IT, laptops are not provided as a corporate asset but as a personal asset.
Another person briefed on the discussions said American was not having a problem raising financing, because it has enough assets to offer as collateral.
Garment workshops often operate from leased premises and lack fixed assets to provide collateral for loans, she added.
Innovation and intangible assets must become as attractive as collateral as bricks and mortar.
In addition investigators want to ascertain whether assets pledged as collateral were manipulated.
Edison had to pledge $61 million in assets last fall as collateral for a loan of only $20 million.
As Rajen Shah, head of collateral management at Citigroup, explains, under this system assets used as collateral sit with a third party.
This may involve higher margin payments or a bigger "haircut" shaved off the value of assets pledged as collateral.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com