ZURICH – Credit score Suisse has filed 5 insurance coverage claims associated to its Greensill-linked provide chain finance funds, the financial institution mentioned on Thursday.
As of Dec. 31, it had filed 5 claims associated to $846 million in publicity for its Luxembourg-based provide chain finance fund, the financial institution mentioned in a doc revealed on its web site, whereas it has filed two claims for its excessive revenue provide chain finance fund associated to $326 million in publicity.
The financial institution mentioned a number of the claims had been submitted in relation to each funds.
Switzerland’s second-largest financial institution has been working to get well funds from the collapse of some $10 billion in funds linked to bancrupt provide chain finance agency Greensill.
(Reporting by Brenna Hughes Neghaiwi, enhancing by Silke Koltrowitz)
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