Exact(2)
The money, which was sent Thursday night, is part of the extra collateral that MF Global posted to reassure JPMorgan during the brokerage firm's final days.
When MF Global posted extra collateral to back its trades, aiming to reassure JPMorgan about its precarious position, some of the funds most likely belonged to customers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com