LTP Trade Finance IndexÖ - September performance update

LTP Trade Finance IndexÖ for September indicates strongest monthly performance since January.

The LTP Trade Finance Index - the independent total return index covering the trade finance asset class - was like all financial indices dominated in the month of September by the consequences of the US crisis. Renewed fears of global recession prompted two half point cuts in short-term US interest rates, of which 92 basis points were reflected in US$ LIBOR rates during the calendar month. This decisive move in interest rates generated a monthly capital gain of 0.87%,...

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