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Royal Bank of Scotland's biggest trading customers face negative rates

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Chris Powell

GATA

Published : August 20th, 2016

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FOLLOW : Cash London Rbs Royal Bank Of Scotland Trader

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Category : GoldWire


	By Tim Wallace The Telegraph, London Friday, August 19, 2016 Royal Bank of Scotland will impose negative interest rates on some of its biggest customers from Monday, as central banks’ sub-zero policies start to bite. The 70 largest companies that are heavily involved in financial trading, including other banks and pension funds, will face the charge when trading options and futures. Traders have to post collateral with clearing houses -- funds that cover the cost of transactions if the trader is unable to pay the bills. If the institutions put cash on deposit as collateral, they will now face a negative charge. ... ... For the remainder of the report: http://www.telegraph.co.uk/business/2016/08/1...ustomers-fac...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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