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Not really. T-bills are fungible and could be liquidated without your
consent by your firm(they are as much at risk as your cash). And, if the
CFTC and a state court say that some or all of a bankrupt firm's clients
should help cover its catastrophic loss, you could still lose your T-bills
and/or cash. There is no FDIC or FSLIC insurance for funds placed with an
FCM. Sorry.
Craig
omega-list@xxxxxxxxxx on 01/22/98 01:16:02 PM
Please respond to he96@xxxxxxxxxxxxxx
To: omega-list@xxxxxxxxxx
cc: (bcc: Craig Nelson/NY/SBCM)
Subject: customer funds safer in TBills
hi,
there was a previous discussion here about funding and size /
capaitalization of brokerage companies - TOP 40 or so in FUTURES mag.
In dealing with smaller companies (i.e. not in top 40) I do believe
in putting MOST of the funds into TBILLs - which can be used as
margin anyway - will make them safe and in case of bankruptcy will
be segregated and might be blocked for months, but better blocked
than down the drain..........
Is this right ?
Does that help me in case something goes wrong ?
or better, different method, please ?
thanks
rgds hans
~~~~~
THERE IS RISK IN {BACKTESTING} FUTURES TRADING.
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