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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (612)10/28/1998 7:56:00 PM
From: Follies  Respond to of 2794
 
I believe after the 1987 crash, mutual funds were allowed to have short term lines of credit to pay out redemptions without immediate liquidations. It would be interested to see if these lines have been used at all.




To: Enigma who wrote (612)10/28/1998 9:21:00 PM
From: robnhood  Respond to of 2794
 
E,, I didn't write that, It was a poster on kitco. I just thought it was odd to see mutual funds described as derivatives.

russell



To: Enigma who wrote (612)10/29/1998 7:38:00 AM
From: John Hunt  Read Replies (1) | Respond to of 2794
 
Redemption in Kind

Hi enigma,

Mutual funds have another out (in their fine print)

Mutual funds may elect to be governed by Rule 18f-1, which permits a fund to redeem in cash up to the lesser of $250,000 or 1% of the net asset value of the fund during any 90-day period for any one shareholder with the balance redeemed in shares of securities selected by the fund.

ibchannel.com

You can be paid off in the shares that they can not sell!

< g >

John





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