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AIG posts $1.5 bln collateral for ETF funds

Posted on 22 October 2008

From Reuters: British based ETF Securities said on Tuesday AIG had posted around $1.5 billion of collateral to cover its contracts linked to its exchange traded commodity (ETC) products.

Trading in more than 100 of the company’s AIG-linked exchange traded commodity funds were briefly suspended on the London Stock Exchange in September due to problems with liquidity, as many banks and brokerages cut exposure to American International Group….. Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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