The LTP Trade Finance IndexÖ - the independent total return index covering the trade finance asset class - delivered a steady performance in July amidst the turmoil afflicting the global equity markets. Trade finance investments have not escaped completely unscathed aggregate credit margins edged wider last month, but the asset class has once again provided compelling evidence of its stability in crisis situations.
The Index credit margin increased by 12 basis points to stand at 191 basis points over LIBOR in July, but the overall total return remained steady at 0.43% for the month. US Dollar LIBOR eased slightly as the markets began to recognise that - with the Dow Jones hard hit and the...
