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return to the Euromoney Trade Finance survey 2011: Results index |
For example, Indian banks might have been charged 80 basis points for 90-day funding before the crisis, 6% at the height of the crisis and below 1% now. A US regional bank might have paid as little as 30bp before the crisis, had no access to the market at the height of the crisis, and now pays more than 1%. The differential in pricing is not based on conventional assessments of risk such as credit ratings, according to John Ahearn, global head of trade finance at Citi.
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