FRANCE: Bordeaux chateaux issue bank guarantees to reassure buyers

By Jane Anson | 9 March 2009

Credit checks and bank guarantees are playing a growing part in the 2008 Bordeaux wine en primeur campaign, amid concerns over the long-term liquidity of buyers and sellers in the economic downturn.

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Credit checks and bank guarantees are playing a growing part in the 2008 Bordeaux wine en primeur campaign, amid concerns over the long-term liquidity of buyers and sellers in the economic downturn.