NGX seeks increased credit security

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Natural Gas Exchange (NGX), the Calgary, Alberta-based electronic market-place, says it is to become a fully collateralised clearing house. The reasons for the move – which will be effective from July 1, 2002 – are partly down to what the exchange describes as “events last year that caused concern”.

As a result, the Canadian exchange is taking a tougher line on credit, and will require all parties to post collateral in the form of a cash margin or a letter of credit from an approved

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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