CCBI Global Markets Has Paid Its LME Nickel Margin Calls
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CCBI Global Markets has paid outstanding margin calls relating to nickel positions on the London Metal Exchange, according to a person familiar with the matter.
The LME brokerage -- an international unit of China Construction Bank -- missed margin payments against the positions during an unprecedented spike in prices on Monday, Bloomberg reported earlier, citing people familiar with the matter. The firm was given more time to make the payments and was not in default.