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Over the next week or so, the exchange decided to raise collateral requirements even higher, in four more steps that would kick in every couple of days.
Russian oligarchs aren't as heavily leveraged as they were two years ago, so they would have less need to raise collateral in a hurry by selling shares.
Andrea Schlaepfer, a spokeswoman for LCH.Clearnet, the big European clearing house that trades in bonds, said the spread between the yield on Italian bonds and the yield on a basket of AAA-rated bonds is one factor the company would consider before deciding to raise collateral requirements.
In the final phase, lenders raise collateral requirements.
Son's bankers declined to comment, but Son insists MAC is under no pressure to raise collateral or speed loan repayments, as some investors fear.
Similar(55)
While Mr. Dimon admits raising collateral requirements, he denies causing the demise of Lehman or Merrill.
Mr. Dimon subsequently came under fire for allegedly putting Lehman Brothers out of business and driving Merrill Lynch into the arms of Bank of America by raising collateral on loans that the two institutions had with JPMorgan Chase.
Today my son can farm 1,000 acres with one man.Agriculture in the developing world could also be transformed by this existing technology, but there needs to be fewer and bigger farms to make use of large equipment and to raise the collateral to invest.
So, might you be tempted to buy back your own horse in a bidding match with a confederate to raise its collateral value?
But on Wednesday investors swept past those firebreaks, dumping Italian debt after one of Europe's big bond-trading clearinghouses raised the collateral it requires because of the increased riskiness of the debt.
Greek banks, which shut their doors for three weeks because the European Central Bank capped their emergency funding and raised its collateral requirements, will have to apply, like Telephus, to the central bank to help rescue them when they resume full operation again.
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