US physical clearing firm gets credit support from CSFB

The CSFB-NECC agreement provides a foundation for the NECC physical energy credit risk management platform using structured credit products by CSFB, says Chicago-based NECC.

The move may be of reassurance to some who feel that NECC has yet to convince the energy markets of its reliability as a clearing entity.

“Buyers and sellers enter into a loan agreement with us that is backed by the CSFB facility,” explains Becky Kilbourne, head of marketing and business development at NECC. “CSFB thus

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