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To: GraceZ who wrote (145417)	1/23/2002 12:26:16 AM
From: Shack	Read Replies (1) \| Respond to of 436258

Really? What happened in the end? Did they get anything? This has been a fear of mine too.

To: GraceZ who wrote (145417)	1/23/2002 1:26:36 AM
From: LLCF	Respond to 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