Morgan Stanley back trading in Platts oil window
Platts has confirmed that Morgan Stanley has resumed trading in its Asia oil window for the first time since September, indicating that credit issues surrounding the bank, and the wider markets, may be improving.
“Following a complete withdrawal of some players from the market place only one or two months ago, companies are now happier to trade if deals are properly securitized,” says Jorge Montepeque, global director of market reports at Platts.
In the current market place, large holders of physical materials are still not confident enough to grant open credit but activity is returning through pre-pay agreements, he adds.
“The $180 million credit line, created by the Federal Reserve [on September 18]
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