Standard Chartered To Appoint Whistlejacket Receiver
British capital — Banking group Standard Chartered stated Monday that its Whistlejacket integrated investment fomite has infracted its capital note Net Asset Value trigger of 50% as an issue of a recent fall in the market place value of its asset. The severance of the NAV trigger involves the protection trustee to name a receiving system to pull off Whistlejacket. Standard Chartered will talk about with the receiving system, once appointive, alternative agreements to furnish liquidity. Neither the enforcement event itself, nor any such future agreements, if executed, are expected to hold a material impact on Standard Chartered’s 2008 profits or capital resourcefulness, the depository financial institution said.