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Old 04-06-2011, 03:28 AM   #1
panankx123
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Default Windows 7 32bit ICE Starts Accepting Gold As Initi

Repeat just after us: gold is simply not a currency. But,Cheap Windows 7, just in case we're incorrect,Microsoft Office Pro Plus 2007, pretty quickly one particular may possibly see it accepted as pseudo legal,Office 2010 Sale, non-federal reserve note equivalent just about everywhere you go. To start with: the ICE, the place "Gold bullion will likely be permitted for original margin only and can be accepted by the clearing home by electronic transfer in increments of one troy ounce, and will be priced every day working with the London Gold Repairing Cost in US Dollars." To put it differently, the ICE will gladly get your gold. Time period.In the ICE Apparent EuropeICE Apparent Europe Announces Acceptance of Gold Bullion Collateral; Adds Triparty Collateral Management Services to boost Protection and FlexibilityLondon (8 November 2010) – IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that ICE Obvious Europe will accept gold bullion as collateral for all energy and credit default swaps (CDS) transactions beginning 22 November. Acceptable collateral for ICE Apparent Europe currently includes cash and government securities. Gold bullion will likely be permitted for first margin only and will be accepted by the clearing residence by digital transfer in increments of one troy ounce, and will be priced day by day employing the London Gold Correcting Total price in US Dollars. In addition, ICE Obvious Europe recently introduced a triparty collateral management arrangement with Euroclear Bank, the international central securities depository, through which European government bonds could be used as collateral to fulfill preliminary margin requirements. Both the addition of gold bullion collateral and the availability of collateral via Euroclear Bank are intended to enhance the stability and flexibility of the clearing residence, particularly during periods of intensive economic stress, while providing alternatives to customers.“We are pleased to offer these enhancements as the first of all clearing house in Europe to permit gold bullion as collateral,” said Paul Swann,Windows 7 Ultimate Key, President of ICE Clear Europe. “By working closely with members, we're continually searching for ways to lead in enhancing risk management practices. Particularly in times of economic change or uncertainty, the addition of gold and Euroclear Bank’s triparty collateral management services bring additional flexibility and protection to the markets we serve globally.”Yves Poullet, Chief Executive Officer of Euroclear Bank, said: ”As the market continues to move from unsecured to secured transactions, accessing and efficiently managing collateral is becoming increasingly important. Helping clients optimize use of their collateral held with Euroclear Bank is precisely our objective,Windows 7 32bit, which is easily achieved when collateralizing margin calls from ICE Apparent Europe. We are delighted to be of services.” ht Abandon Ship
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