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Below the road surfaces lies a warren of water mains, electrical lines and gas conduits, which the agency says is one of the densest in the nation.
In the report, State Street explains why it has not taken any write-off on those conduits, which contain $28.8 billion in what the bank believes to be high-quality assets.
Alliance & Leicester disclosed recently that it had invested more than £1.1 billion in structured-investment funds and conduits which hold, among other things, securities backed by risky mortgage loans.Two main worries are emerging.
Reprints Related items The credit squeeze: Abandon shipAug 2nd 2007 American mortgages: Bleak housesFeb 15th 2007Concerns are focused on investment vehicles, known as conduits, which are mostly kept off banks' balance sheets and are funded in the asset-backed commercial-paper (ABCP) market.
A pullback among pension funds and conduits, which formerly securitized commercial mortgages, has made loans tougher to find.
Local measurements typically ignore fractures, faults, and high velocity conduits which are abundant at the basin scale.
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The wires must be contained in conduit, which is either metal or plastic tubing, to protect against damage and reduce the possibility of fire in the case of accidental overloading of the wires.
Rendina et al. [3] described the use of an autologous pericardial conduit, which is widely used.
Editor's note: Ben Lang is community manager at Wibiya and Conduit, which is hosting Conduit Corner at SXSW.
His most recent company was social gaming outfit Conduit, which became Zynga Boston after it was acquired.
(The remaining part of Conduit, which offers an app building platform among other things, continues as a standalone business).
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