Hints and tips:
...“The flow of securitisation and other disposals, net of the major one-off operations, is still rather slow”, said Lorenzo Codogno, founder of LC Macro Advisors....
...Bloomberg) COMMENTS & CURIOS Philippines: Grim toll rises amid ruin and chaos (WSJ) The French as “gun-slinging frogs” (Financial Times) The massive political potential of Help to Buy (Financial Times) Jack...
...In particular, traders said that “letters of credit” (LCs) – debt instruments commonly used to finance trading – were becoming more readily available in China....
...For example, 1,000 tonnes of copper bought using a 180-day LC means the companies don’t have to pay the bank issuing the LC for 180 days after the shipment arrives in China....
...Initially via a letter of credit and then by using deferred payment LC, they create a borrowing vehicle....
...Jack has already written “lc” for “lost cause” on Ahmad’s folder, but he does not give up on him....
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