LTP Trade Finance IndexÖ - November performance update

The LTP Trade Finance IndexÖ reflects further credit problems in November.

The LTP Trade Finance IndexÖ - the independent total return index covering the trade finance asset class - reflected further credit problems in November, driven principally by the slow-motion sovereign default taking place in Argentina. Another sharp hike in Argentine credit spreads - coupled with a slight increase in USD LIBOR - generated a capital loss for the month, the first in 2001. Overall, Trade Finance credit spreads are at their highest for the year.

Argentina's steady economic deterioration...

To continue reading, please login or register for free

Click for more on: ltp | trade | finance | indexö | november | performance | update

Print Edition

FinanceAsia Print Edition

CONFERENCES