HSBC shifts part of US precious metal trades to UK

US subsidiary transfers all related market risk to headquarters

HSBC moved to consolidate precious metal trading under one roof in the third quarter, transferring all associated market risk, and part of its physical assets, from its US subsidiary to the non-ringfenced UK unit.

HSBC USA Inc sold around $900 million worth of physical inventory to HSBC Bank Plc during the quarter, part of a decision to refer all stateside precious metal financing and trading clients to the London desk going forward.

!function(e,n,i,s){var d="InfogramEmbeds";var o=e

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here