The collateral requirements imposed on BP by trading partners have risen since the
At Credit Suisse, for instance, the threshold above which BP must post collateral for trades is now $10 million, down from $30 million prior to the spill, one of these people says.
Counterparties want to see that BP is good for their trades. They might want letters of credit or they may want assets, like Rosneft—a Russian oil company that BP owns a stake in.
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- BP Loses Trading-Floor Swagger in Energy Markets
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- BP $5 Billion Debt Offering May Yield up to 10%