LTP Trade Finance IndexĂ– - September performance update

LTP Trade Finance IndexĂ– 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%, by far the highest recorded in 2001. Indeed, overall credit spreads on trade finance assets hardly moved, with a slight widening in Argentina and Brazil offset by tightening in Russia. The major South American economies...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222