Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
12 Mar 2020

Fitch: Coronavirus containment actions pose a material risk to global structured finance

Considering the global efforts to tame the negative implications of the coronavirus (COVID-19), global rating giant Fitch came out with further warnings at the start of Friday’s Asian session.

Key quotes

The asset performance of almost 90% of structured finance (SF) transactions globally have high or moderate vulnerability to disruptions as a result of the coronavirus and containment efforts, according to a recent report by Fitch Ratings. 

The report categorizes each sector's asset performance vulnerability to the effects of a temporary coronavirus disruption scenario, including travel restrictions, business and school closures, and a moratorium on large gatherings in major metropolitan areas in all countries around the globe.

Fitch recognizes the growing risk of a more severe and sustained scenario and is currently analyzing the asset performance and rating implications of more protracted scenarios that will be explored in upcoming research and commentary.

Market implications

Following the day of losses and magnified risk-off, the global markets seem to catch a breath amid a lack of major trading activity during the Asian session. Hence, the news fails to have a major impact on the trading, which ideally should have strengthened the risk aversion wave.

Mar 12, 2020

New Zealand Business NZ PMI came in at 53.2, above expectations (50.3) in February

New Zealand Business NZ PMI came in at 53.2, above expectations (50.3) in February
Read more Previous
Mar 12, 2020

New Zealand Food Price Index (MoM) below expectations (0.2%) in February: Actual (0%)

New Zealand Food Price Index (MoM) below expectations (0.2%) in February: Actual (0%)
Read more Next