Swiss commodity house Trafigura is racking up record oil trading volumes as it taps into price volatility but warns that merchants have to be more vigilant in the face of potential defaults
and bankruptcies of credit-stressed producers.
While there are clear signs of improving asset quality matrixes analysts and rating agencies see restructured loans and potential defaults
on these loans as a key source or risk.
But Moody's Investors Service said in a June report that the subprime auto-lending market resembled the early 1990s ramp-up in subprime mortgages, with the similar characteristics of easy credit and potential defaults
5% to enable domestic banks to better prepare for potential defaults
, with the new rate reportedly to become effective by the end of 2013 at the earliest, additional provisions set aside by banks estimated to be NT$67 billion (US$2.
Previously a subscription service, the improved version, now known as Life of Loan Association Surveillance (LOLAS[TM]), is a valuable safe guard when originating loans or modifying existing mortgages by virtue of warning servicers of potential defaults
before mortgage payments are actually missed.
Late last year, Watergate had sued Pavarini for fraud, charging that it failed to obtain insurance coverage for potential defaults
by subcontractors, even though it claimed that it did and had charged Waterscape some $200,000 in insurance premiums.
Last week banking group Credit Suisse said that there is a further chance that Dubai will still need to restructure debt but that fears over potential defaults
In a report that details Dubai's total indebtedness, Credit Suisse said that potential defaults
of Dubai World and Dubai Holding, considered to be Dubai's biggest debtors, are receding.
The emirate has demonstrated "very strong" capacity to service its debt obligations as implied by its AA/A-1+ ratings taking prompt action to counter economic cycles and cushioning its financial industry against potential defaults
Regulators in the country are apprehensive about potential defaults
6billion at the end of last year, even after it more than doubled the amount of money set aside to meet potential defaults
in its corporate bond portfolio.
Last year, HSBC had to drastically increase its provisions for potential defaults
, in part because of personal bankruptcies in Hong Kong, which thereby reduced the amount of capital HSBC had to lend.