LME扞衛取消鎳交易決定 稱避免陷入200億美元死亡螺旋
港交所(00388.HK)旗下倫敦金屬交易所(LME)爲3月時取消數十億美元的鎳交易作出辯護,稱當時的決定是有必要的,因可以避免高達200億美元的追加保證金通知,否則會導致市場陷入死亡螺旋並威脅到LME的生存。
LME在一份文件中就Elliott及Jane Street的訴訟作出抗辯,LME稱,如果允許3月8日取消交易期間的鎳價格保持不變,鎳市場將面臨197.5億美元的追加保證金通知,是之前紀錄水平的10倍,至少有7個清算成員可能會違約,這場危機有可能最終演變成死亡螺旋。在這個情況下,LME Clear將蒙受26億美元的損失,並且需要向其餘清算成員尋求至少12.2億美元的資金,這反過來可能會導致另外5個清算成員違約,最終令LME無法再作爲有色金屬市場的交易所,並對更廣泛的市場構成重大系統性風險。
根據Elliott及Jane Street的訴訟,雙方正要求LME賠償合共近5億美元。LME發言人,Elliott及Jane Street的訴訟是毫無根據,是對於3月8日市場情況及LME作出的決定有根本性誤解。
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