LTP Trade Finance IndexÖ - November 2002 performance update

The LTP Trade Finance IndexÖ showed that, overall, trade finance assets delivered negative capital returns for the month of November as LIBOR rose against a background of stable credit margins.

 As a result, November was the second lowest monthly return for 2002.

LTP Trade Finance IndexÖ

  

29-Nov-02

MoM Change

YTD Change

Total Return

1,189.06

0.12%

4.34%

Av Spread bps

207.14

7.94

10.80

LATAM

1,161.35

0.28%

4.06%

Av Spread bps

456.27

10.87

167.90

EMEA

1,230.67

0.01%

5.62%

Av Spread bps

174.34

16.19

97.14

ASIA

1,179.15

0.08%

3.69%

Av Spread bps

57.97

0.03

25.77

In total the LTP Trade Finance IndexÖ rose by 0.12% in November. The small positive result was due to a gain of 0.28% from interest accrual on the month which was offset by a capital loss of 0.16%. The capital loss arose from an increase in LIBOR of 0.09%...

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