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contra loss-no money to pay, what will happen ???
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cyjjerry85
Elite |
20-Aug-2007 12:13
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wow...i didn't know that if a client doesn't pay up...the remiser also gotta chip in a part too...these few weeks of turmoil must have caused lots of them to sink into depression and anxiety... |
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Pinnacle
Master |
20-Aug-2007 11:34
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Hope that you are not in this situation. Well, remiser is the first wall of defense for the broking firm. Remiser will absorb certain percentage of the default and the broking firm will take the rest. That's why we heard that remisers declared bankrupt because of clients unable to payup. As for the defaulters, they will be given bad credit (the same credit points for loans and credit cards) and if default more than $10k (I think so), they may (unlikely) apply for the clients bankruptcy. |
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Pension
Elite |
20-Aug-2007 11:19
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Some say your remiser will pay for you and ban you form trading, some say your name will be broadcast and no broker house will want you as client? what your comment? |
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