CCP Evergrande Is Officially In Default - Expected to Affect Western Markets Also - The Great Awakening

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CCP Evergrande Is Officially In Default - Expected to Affect Western Markets Also (halturnerradioshow.com) N C S W I C

posted 2 years ago by RealCleanUpPhilly 2 years ago by RealCleanUpPhilly +174 / -1

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– NeoDragoon 6 points 2 years ago +6 / -0

They've been getting a pass to keep the bonds listed as defaulted, but Citibank who is a prime broker has finally declared that one of them is in default. This means that due to the clause in all their bonds that if one fails, they all fail, that all should be rated as defaulted, and no longer of use for use as leverage or collateral in the case of using margin.

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