Up to $2.35bn of LOCs that collateralised Vesttoo cells ‘invalid’
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • X
  • LinkedIn
  • Email
  • Print
  • Request free trial
  • Get pricing
  • Log in

Up to $2.35bn of LOCs that collateralised Vesttoo cells ‘invalid’

vesttoo logo red question.jpg

White Rock has said that around $2.35bn of letters of credit (LOCs) that Vesttoo “purported to procure” to collateralise its segregated accounts “were invalid”, according to court records.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Gift this article