由于一再使用抵押品、引发调查以及UBS等银行遭受重大损失,破产的汽车零件制造商First Brands可能缺少数十亿资产。 Billions in assets may be missing from bankrupt auto parts maker First Brands due to repeated use of collateral, sparking investigations and major losses for banks like UBS.

破产汽车零件供应商First Brands的债权人说,由于广泛重新抵押,抵押品被多次作为贷款担保再利用,因此可能已经消失了数十亿美元。 Creditors of bankrupt auto parts supplier First Brands say billions of dollars may have disappeared due to widespread rehypothecation, where collateral was reused multiple times as loan security. 该公司提出破产申请,负债为10B-50B美元,资产为1B-10B美元,在杠杆贷款债务和大量资产负债表外融资方面有5.8B美元。 The company, which filed for bankruptcy with $10B–$50B in liabilities and $1B–$10B in assets, had $5.8B in leveraged loan debt and extensive off-balance-sheet financing. 调查正在调查应收款和库存是否反复认捐,造成重叠索赔。 Investigations are probing whether receivables and inventory were pledged repeatedly, creating overlapping claims. UBS O'Connor和千年管理等主要公司蒙受了重大损失,UBS报告接触量超过5亿美元。 Major firms like UBS O'Connor and Millennium Management suffered significant losses, with UBS reporting over $500M in exposure. 这一崩溃凸显了复杂信贷结构的系统性风险。 The collapse underscores systemic risks in complex credit structures.