socrates469bc Posted September 17, 2020 Share Posted September 17, 2020 this time only default usd3m. nb, smlj trading house can default on usd3m trade financing????? https://www.theedgemarkets.com/article/singapore-trader-rhodium-sued-maybank-us3m-payment 2 Link to comment Share on other sites More sharing options...
Camper Posted September 17, 2020 Share Posted September 17, 2020 Ceca boss again 🙃 Link to comment Share on other sites More sharing options...
Homelander Posted September 17, 2020 Share Posted September 17, 2020 Small trader, 3m toh...the hin leong i think default $70m then toh Link to comment Share on other sites More sharing options...
socrates469bc Posted September 17, 2020 Author Share Posted September 17, 2020 1 hour ago, Camper said: Ceca boss again 🙃 yeah, the boss is from india. most likely use sgp to re-route his indian money ard. i know of at least 10 such companies from china/india, some really r fly-by-nite. Link to comment Share on other sites More sharing options...
Camper Posted September 17, 2020 Share Posted September 17, 2020 11 minutes ago, socrates469bc said: yeah, the boss is from india. most likely use sgp to re-route his indian money ard. i know of at least 10 such companies from china/india, some really r fly-by-nite. Yeah too many already. Max out all credit facilities then run off. The biggest idiots are temasick, pap for signing the ceca and the 61% that gives them the mandate 😁 3 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 17, 2020 Author Share Posted September 17, 2020 1 hour ago, Homelander said: Small trader, 3m toh...the hin leong i think default $70m then toh hin leong real classic case in how to do trade financing fraud. can obtain more financing lines than cargoes and flip ard without alarm being raised for at least 10 yrs. i suspect even the ship broker is involved becos multiple bills of laden, even in parcels, for the same cargo would have raised questions. i m expecting more small traders to fall soon. wahahahhahahahah 1 Link to comment Share on other sites More sharing options...
Camper Posted September 17, 2020 Share Posted September 17, 2020 7 minutes ago, socrates469bc said: hin leong real classic case in how to do trade financing fraud. can obtain more financing lines than cargoes and flip ard without alarm being raised for at least 10 yrs. i suspect even the ship broker is involved becos multiple bills of laden, even in parcels, for the same cargo would have raised questions. i m expecting more small traders to fall soon. wahahahhahahahah 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted September 17, 2020 Author Share Posted September 17, 2020 3 minutes ago, Camper said: Yeah too many already. Max out all credit facilities then run off. The biggest idiots are temasick, pap for signing the ceca and the 61% that gives them the mandate 😁 when market good, no questions asked. thats why i always do a rolling partial paper short on destination market. may lose abit on the paper but at least if there is a collapse in the price, i m somewhat covered for default. 2 Link to comment Share on other sites More sharing options...
Camper Posted September 17, 2020 Share Posted September 17, 2020 22 minutes ago, socrates469bc said: when market good, no questions asked. thats why i always do a rolling partial paper short on destination market. may lose abit on the paper but at least if there is a collapse in the price, i m somewhat covered for default. Hope you huat huat. Dont forget to chia buffet 😁 1 Link to comment Share on other sites More sharing options...
Satki Posted September 17, 2020 Share Posted September 17, 2020 2 hours ago, Camper said: Hope you huat huat. Dont forget to chia buffet 😁 only if you are atb with a cp that can jiak 2 1 Helping a friend to gain more subscribers. He is quite a talented music creator. Look for "Thee Influence" in Youtube Link to comment Share on other sites More sharing options...
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