mf global - will it play out like opes prime?, page-6

  1. CJT
    998 Posts.
    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.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.