Igår florererede et rygte om at Siemens havde flyttet 4-6 mia Euro! fra en fransk bank over til ECB. Det er ret skræmmende, med dagens meddelelse om at Kina stopper FX Swaps med udvalgte banker, så ligner det starten på noget grimt ihvertfald for nogen banker.
Øvelsen må være at kigge på eksponering af europæiske statsobligationer og gå langt uden om de banker med stor eksponering.
Blandt de banker der kan være mulige er Soc. Gen. BNP afviste igår at de var banken.
Øvelsen må være at kigge på eksponering af europæiske statsobligationer og gå langt uden om de banker med stor eksponering.
Blandt de banker der kan være mulige er Soc. Gen. BNP afviste igår at de var banken.
http://www.reuters.com/article/2011/09/20/idUSB9E7K102K20110920
Her linket. De banker der er i spil udover Soc. Gen er Credit Agricole og BNP Paribas
Her linket. De banker der er i spil udover Soc. Gen er Credit Agricole og BNP Paribas
20/9 2011 14:14 Kristensen 0
46516 Hvis det er sandt, kan det sende endnu et gys gennem de i forvejen halv frosne pengemarkeder. Hertil kommer downgrade af Italien, og prisen for at konkursforsikre sig mod en italiensk statsbankerot (CDS) har aldrig været højere og endda i samme niveau, som da Grækenland i foråret 2010 kastede håndklædet i ringen og bad EU, Den Europæiske Centralbank og IMF om hjælp. Dog har Italien nok en bedre produktivitet end Grækenland, hvorfor de måske kan klare lidt mere. Men vi er i den grad i modvind.
Siemens er en ud af max 5 virksomheder, der er store nok til at kunne det og de tager nok ikke indskud under en milliard Euro. Iøvrigt giver ecb bedre rente end bankerne p.t.
Siemens Shelters Up to $8 Billion at ECB
Published: Tuesday, 20 Sep 2011 ' 12:46 AM ET
Siemens withdrew more than half-a-billion euros in cash deposits from a large French bank two weeks ago and transferred it to the European Central Bank, in a sign of how companies are seeking havens amid Europe's sovereign debt crisis.
The German industrial group withdrew the money partly because of concerns about the future financial health of the bank and partly to benefit from higher interest rates paid by the ECB, a person with direct knowledge of the matter told the Financial Times.
In total, Siemens has parked between 4 billion euros ($5.4 billion) and 6 billion euros at the ECB's facilities, mostly through one-week deposits, this person said. Only a handful of large companies have the banking licences that allow them to deposit cash directly with the ECB.
Siemens' move demonstrates the impact of the eurozone's deepening sovereign debt crisis on confidence in European banks.
It was not clear from which bank Siemens withdrew its deposits. A person familiar with BNP Paribas said, however, that it was not the bank involved.
Siemens and the ECB declined to comment.
The company's move came almost a year after Europe's largest engineering conglomerate prepared itself for a future financial crisis by launching its own bank, an unusual move for an industrial group outside the car sector, where companies run big car financing and leasing businesses.
In an interview last December, Roland Châlons-Browne, chief executive of Siemens' financial services unit, said its banking business would enable the group to tap the central bank for liquidity and deposit cash at the ECB.
"In the case of another financial crisis, we will be able to broaden our flexibility and take out risk with our own bank," Mr Châlons-Browne said at the time.
Siemens does not only use the ECB as a haven; it also gets paid a slightly higher interest rate than it would get from a commercial bank.
The ECB paid an average interest rate last week of 1.01 percent for its regular offers of one-week deposits, under which it withdraws from the financial system an amount of liquidity equivalent to the amount it has spent on eurozone government bonds.
That compares with an average overnight interest rate paid by eurozone banks of 0.95 percent.
Published: Tuesday, 20 Sep 2011 ' 12:46 AM ET
Siemens withdrew more than half-a-billion euros in cash deposits from a large French bank two weeks ago and transferred it to the European Central Bank, in a sign of how companies are seeking havens amid Europe's sovereign debt crisis.
The German industrial group withdrew the money partly because of concerns about the future financial health of the bank and partly to benefit from higher interest rates paid by the ECB, a person with direct knowledge of the matter told the Financial Times.
In total, Siemens has parked between 4 billion euros ($5.4 billion) and 6 billion euros at the ECB's facilities, mostly through one-week deposits, this person said. Only a handful of large companies have the banking licences that allow them to deposit cash directly with the ECB.
Siemens' move demonstrates the impact of the eurozone's deepening sovereign debt crisis on confidence in European banks.
It was not clear from which bank Siemens withdrew its deposits. A person familiar with BNP Paribas said, however, that it was not the bank involved.
Siemens and the ECB declined to comment.
The company's move came almost a year after Europe's largest engineering conglomerate prepared itself for a future financial crisis by launching its own bank, an unusual move for an industrial group outside the car sector, where companies run big car financing and leasing businesses.
In an interview last December, Roland Châlons-Browne, chief executive of Siemens' financial services unit, said its banking business would enable the group to tap the central bank for liquidity and deposit cash at the ECB.
"In the case of another financial crisis, we will be able to broaden our flexibility and take out risk with our own bank," Mr Châlons-Browne said at the time.
Siemens does not only use the ECB as a haven; it also gets paid a slightly higher interest rate than it would get from a commercial bank.
The ECB paid an average interest rate last week of 1.01 percent for its regular offers of one-week deposits, under which it withdraws from the financial system an amount of liquidity equivalent to the amount it has spent on eurozone government bonds.
That compares with an average overnight interest rate paid by eurozone banks of 0.95 percent.
23/9 2011 09:16 turin 046633 Jeg må åbenbart revurdere min opfattelse af hvad en centralbank er. Normalt er det kun finansielle virksomheder, der kan åbne en konto i en centralbank.
- turin
- turin
