金融市场

Oil supply chain: spiralling margin calls elevate risk of Lehman moment
Lex专栏:石油供应链可能遭遇“雷曼时刻”

The industry has a racy reputation and a patchy record, but these are exceptional times
追加保证金的压力,加上流动性的蒸发,正令能源交易商陷于困境,由央行向该行业提供支持也许是可取的做法。

Central banks are by definition lenders of last resort. At first blush, oil traders appear optimistic in asking for help from this source. The health of globe-trotting, private sector businesses such as Vitol and Glencore is not generally seen as crucial to financial stability.

从定义上讲,央行是最后贷款人。乍一看,对于寻求央行的帮助,石油交易商似乎抱着乐观的态度。通常情况下,像维多(Vitol)和嘉能可(Glencore)这样业务遍布manbetx app苹果 的私企状况是否良好,不会被视为对金融稳定至关重要。

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