LME Nikel in default wow! :
"Those with short positions in nickel falling prompt on Friday 18 August 2006, and on subsequent prompt dates until further notice, who are unable to effect physical delivery an/or unable to borrow metal at a backwardation of no more than $300.00 per tonne per day, shall be able to defer delivery for a day at a penalty of $300.00 per tonne. Those with long positions for prompt on those days who are subject to deferred delivery shall be entitled to compensation of $300.00 per tonne per day
Commenting on the announcement, Simon Heale, LME Chief Executive said:
"Nickel stocks are at historically low levels and we now have a genuine material shortage. Our first priority is to ensure that trading remains orderly and to prevent the risk of settlement defaults."
see:http://news.silverseek.com/TedButler/1156198042.php
LME Nikel in default wow! : "Those with short positions in...
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Last
$12,675 |
Change
0.000(0.00%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| $12,675 | $0.00 | $0.00 |