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US Debt Fears Raise Heat on Treasury Bills as Collateral

Some financial institutions are reducing the use of U.S. Treasury bills as collateral for transactions in stocks and swaps as they prepare for the possibility of a U.S. government default.   Hong Kong's securities exchanges announced on Thursday they will apply a bigger discount on the U.S. Treasuries used as margin collateral.   Traders and risk officers at banks said they were carefully monitoring portfolios and collateral, with some putting contingency plans in place to deal ...

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