This is the one that is really concerning me at the moment
Clause 16.2
16.2 the Client’s monies and the monies of other client
of MF Global will be combined and deposited by
MF Global in a clients’ segregated account. All
monies credited to the clients’ segregated account
maintained by MF Global may be used by MF Global
to meet the default of any client of MF Global;
ANY CLIENT !!!!
If they do not close these positions in an orderly manner then people could default.
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mf global - will it play out like opes prime?, page-6
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