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Safety of Deposited Cash and Property
By: Rick Thachuk   Wednesday, August 08, 2007 11:24 PM

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 Protection accorded money or other property you deposit for domestic and foreign transactions in futures vary, particularly in the event of insolvency or bankruptcy of the recipient FCM. The extent to which you may be able to recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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