SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (145417)1/23/2002 1:26:36 AM
From: LLCF   of 436258
 
<This happened to a friend of mine who had boatloads of puts during the 1987 break. >

HUH!??? I think someones feeding you a load of crap to be honest... I don't think OCC has ever defaulted on any trade. You sure their clearing house didn't just go under?

<Lost it all. Would have had to take the clearinghouse to court for big bucks because the offsetting party was cleaned out. >

Yea, I think the clearing house they were in went out then.... OCC backed all counterparties in '87 that I know of. Find out who they cleared.

dAK
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News