opes credit risk

  1. 341 Posts.
    I have just read through the FSG that accompanied my application and compared to the current 2008 FSG they are very very different documents. The 2008 version sets out all the risks involved whereas the 2006 version is very vanilla and makes not reference to Credit Risk which is clearly set out in the 2008 document. For everyone’s sake this is what is contained in the 2008 version and not in the 2006 version.

    Credit Risk

    In the event of insolvency by Opes Prime you will rank as an unsecured creditor in respect of any excess value of collateral you have lodged with Opes Prime over and above the value of any securities you have borrowed from Opes Prime or the excess of the value of securities you have loaned to Opes Prime and the cash that has been delivered to you as collateral.
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