The Traderszone Network

Published in TZ Latest News 14 June, 2014 by The TZ Newswire Staff

China’s Collateral Rehypothecation Fraud Is Systemic

It’s official – everyone’s involved! According to the 21st Century Business Herald, at least 17 financial institutions involved in copper, aluminum and other nonferrous metals financing business face losses of almost 15 billion Yuan (not including the contagious rehypothecated collateral chains involved) due to the over-invoicing of the Qingdao port. Crucially, it appears that the evaporation of collateral (i.e.

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