Under a full moon
Jun 18, 2013
Why treasurers must learn from the "Shibor Shock"
Treasurers must understand how China's credit spike in June could have hurt their cash flow. Because it will happen again...
June was an unnerving month for Chinese banks looking for loans from their counterparts. Overnight interest rates briefly spiked to a heart-stopping 30% (more normalised rates sit at around 2.5%) and while the event appears a short-lived one, its impact and the reason it came about must not be forgotten.
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