JPMORGAN said yesterday that GOLD will be an acceptable pledge of collateral, even in repo operations. This revelation isn’t new as the CME GROUP and other clearing entities arranged for this last year.
JPMORGAN said yesterday that GOLD will be an acceptable pledge of collateral, even in repo operations. This revelation isn’t new as the CME GROUP and other clearing entities arranged for this last year.
Tags:3-Year Treasury, Bernanke, bonds, CME Group, ECB, equity, Fed, Gold, Gold-backed bonds, IMF, JPMorgan, PIIGS, QE2, vaults
Posted in Debt Market, Federal Reserve, Gold | 1 Comment »