Tired of posting collateral? Take a holiday, say banks to US corporates

Some big, highly rated US companies have in the last few months begun to negotiate 'holidays' from their credit support annexes - the arrangements with banks that protect both sides when they engage in derivatives transactions.

  • By Ross Lancaster
  • 11 Apr 2019
Since the financial crisis, many more companies now post collateral against mark-to-market movements in their derivatives contracts. This protects the bank against the risk that the company defaults on its end of the bargain. The collateral is adjusted regularly, depending on how much each party to the contract ...

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