StanChart Seeking CDS For Trade Finance Loans

27 Nov 2008

Standard Chartered is struggling to find a seller of protection for a USD442.5 million unfunded mezzanine credit default swap, which references the bank’s trade finance portfolio.

--Daniel Flatt

Standard Chartered is struggling to find a seller of protection for a USD442.5 million unfunded mezzanine credit default swap, which references the bank’s trade finance portfolio.

The credit crisis has contracted the universe of protection sellers, with traditional counterparties such as MBIA and American International Group unwilling ...

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