Greek swaps contract drama continues

Ongoing controls mean some end-user payments are more than a month overdue

Greek end-users still barred from making payments

End-users in Greece are still unable to make cross-border payments on derivatives contracts more than a month after the country's capital controls were first imposed.

While Greek banks reopened their doors on July 20 after a three-week closure, the capital controls still prevent them making cross-border payments in certain scenarios. The act setting out these controls allows an exemption for banks