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Reuters
rapporte que JP Morgan acceptera désormais l’or comme gage pour
des prêts.
Bonne
chance à ceux qui essaieront de le récupérer.
Chris Powell
------
JPMorgan Will Take Gold as Collateral with Inflation in
Focus
By Amanda Cooper
Reuters
Monday, February 7, 2010
http://www.reuters.com/article/2011/02/07/us-...dUSTRE7162SG...
LONDON -- J.P. Morgan Chase said on Monday it would
accept physical gold as collateral with its counterparties as a growing
number of clients look to use bullion as a hedge against inflation.
The bank, which is one of the custodians of physical
metals for some of the world's largest precious-metal backed exchange-traded
funds, said it would take gold as collateral to satisfy securities lending
and repurchase obligations with counterparties.
"Many clients are holding gold on their balance
sheets as an inflation hedge and are looking to make these assets work for
them as collateral," said John Rivett,
collateral management executive for J.P. Morgan Worldwide Securities
Services.
"By combining our collateral management and
vaulting capabilities, we provide clients with greater flexibility in how
they mobilize collateral." The spot gold price, which has fallen by some
4 percent so far this year to around $1,350 an ounce, rose by 30 percent last
year, in large part thanks to investors seeking protection against rising
inflation pressures in both developed and emerging economies.
JPMorgan, which owns vaulting facilities for storing
precious metals around the world, said the initiative would allow its clients
to mobilize collateral across borders and trading activities,
"regardless of the underlying obligation, to extract maximum value and
manage risk," it said.
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