Sempra completes $1bn credit facility

Connecticut-based Sempra Energy Trading, the energy-trading unit of Sempra Energy, has completed a two-year committed credit facility for $1 billion to help finance the company’s global operations.

The line of credit, extended by a consortium of 12 major financial institutions, allows for borrowing-base loans and letters of credit of up to $1 billion, secured by certain trading company assets.

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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