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JPMorgan set to acquire RBS Sempra

27 January 2010

JPMorgan looks set to acquire base metals trader and broker RBS Sempra Commodities as it negotiates a deal.

Read more: [RBS Sempra Commodities acquisiton] [base metals and energy trader JPMorgan]

JPMorgan looks set to acquire base metals and energy trader and broker RBS Sempra Commodities for an estimated $4 billion.

In additon to trading RBS Sempra also offers its client structured trade finance solutions, most notably in the energy sector (Trade Finance 01/02/08). ...


Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%