China’s Council for the Promotion of International Trade (CCPIT) has issued a record number of force majeure certificates, now at 1,615, covering $15.7 billion in transactions. An expansion of the coronavirus or merely fears about the virus, and more force majeure decisions around the world, would mean a new set of demand requirements for collateral markets.
This content requires free registration (unlocked content) or a Finadium subscription. Log in or get access today by signing up here.