In October 2011, a New York brokerage company, MF Global Holdings LTD, filed for bankruptcy. Almost a billion dollars was missing from customer accounts that were supposed to be segregated from MF Global's trading accounts.
Thousands of U.S. farmers put together lost millions in their trading accounts at MF Global. This note describes the threats many companies face including unknowable future material costs, rates of interest, and currency exchange rates and derivative securities are often used to hedge or protect against these hazards.
PUBLICATION DATE: January 29, 2013 PRODUCT #: UV6594-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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