One Year Ago In Derivatives Week
Juice concentrate manufacturer China Haisheng Juice Holdings Co. disputed collateral payments it owed on fx hedges to Morgan Stanley, claiming it was not advised that the trades could sour and leave it facing a loss. [The company settled the suit in January, agreeing to pay Morgan Stanley USD7 million, a fraction of the USD26 million the bank was seeking (DW, 1/6)].
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