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Forward Contract with Lehman

Quantitative Finance Level 1

You buy a May Gold Forward contract from a Lehman Brothers trader. What happens when Lehman collapsed?

The SEC will guarantee your contract Your futures contract is invalidated You sell it back for $0 because they are bankrupt. The bankruptcy court will decide a suitable settlement Nothing. Your contract is with the exchange.

Excel in math and science

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It's hard to learn from lectures and videos

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by Calvin Lin

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